Home Depot and Lowe’s benefit as bored shoppers hammer away at home

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  • Shoppers continue to flock to Home Depot and Lowe’s, as home improvement projects have eclipsed other forms of entertainment spending.
  • Investment firm Wedbush Securities highlighted this trend in an August 10 note.
  • According to analysts, “reduced travel and entertainment spending” has prompted a shift to home improvement spending. 
  • Both Home Depot and Lowe’s report second-quarter earnings next week. 
  • Visit Business Insider’s homepage for more stories.

Back before the coronavirus pandemic, people went to the movies, ate out at restaurants, and traveled to faraway places on vacation.

Now that cinemas are shuttered, indoor dining is at reduced capacity, and flights are a risky proposition, consumers’ “fun” budgets are increasingly going towards home improvement projects.

Wedbush Securities equity research analysts Seth Basham and Nathan Friedman highlighted this trend in an August 10 note about two giants in the industry: Home Depot and Lowe’s. Both home improvement retailers have seen major gains from

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10 ways to optimize home office and the biggest mistakes to avoid

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  • Amie T. Keener is a registered interior designer and associate at Gensler.
  • Many people may have set up their home offices not expecting to be there for the long haul, but it’s becoming increasingly clear we may be home for several more months.
  • Now you may be scrambling to create a better home office.
  • But before you do so, pay attention to these possible pitfalls, especially when ordering furniture online.
  • Visit Business Insider’s homepage for more stories.

Like many others, I initially thought we would be working from home just a couple of weeks.

I set up a bar height bistro table in the corner of the living room as my desk space. But, as the weeks passed, I moved my desk to the other side of the room to face out the window to take in nature, and occasionally, I’ll see a hummingbird quickly dashing around the yard.  

Amie Keener

Amie

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Home Depot discounts kitchen and bathroom faucets by up to 40% today

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Today only, as part of its Special Buy of the Day, Home Depot offers up to 40% off kitchen and bathroom faucets. Free shipping is available for all. Our top pick is the Glacier Bay Nottely Touchless Pull-down Kitchen Faucet from $109. Originally $199, today’s deal drops to $109 from the usual $175 price tag. This is the second-best offer we’ve tracked in 2020. Notable features here include a touchless design that has built-in motion sensing, which is great if you have dirty hands and don’t want to clean up. Plus, it’s available in a variety of color options to enjoy and match with your decor. Rated 4.1/5 stars. Hit the jump for more.

Another standout today is the Glacier Bay Lyndhurst Wall-mounted Pot Filler at $110. Regularly up to $160, today’s deal is another all-time low. We often see deals on kitchen and bathroom faucets at Home

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Home Improvement Spree Props E-commerce Stocks: 5 Picks

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The coronavirus outbreak has swelled the traffic to online shopping platforms with more people at home due to lockdowns. And the demand for home décor has also gone up significantly with people finding the time to refurbish interiors.

Surge in online shopping of home furnishing products has boosted e-commerce businesses, dealing a massive blow to brick-and-mortar retailers.

Online Delivery Caters to DIY Customers

The use of do-it-yourself (DIY) products in home improvement is lower when compared to work outsourced. With excess time in hand along with the availability of free pick-up and delivery options for online purchases, the demand for DIY home improvement products has grown. Per a Bank of America poll, more than 70% of 1.054 Americans said that they have decided to take up home improvement projects, with more planned for 2021.

Home improvement retailer The Home Depot, Inc. HD recently announced plans of opening three distribution centers

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Simple advice for affordable seasonal decor really does exist. Check out this new book | Home/Garden

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Every so often in the world of home design, you meet a refreshing pro who doesn’t take herself too seriously, is not afraid to own up to her mistakes and knows when and where to take the pressure off.

While I confess part of me is hoping you’re thinking, “Why, that’s you, Marni” (I can only aspire), all that is true about Myquillyn Smith, the voice behind The Nester blog, and author of three books, including her newest, due out Sept. 15, “Welcome Home: A Cozy Minimalist Guide to Decorating and Hosting All Year Round” (Zondervan Publishing, hardcover $26.99).

I got an advance copy, which came with this self-effacing author bio: “Myquillyn is a self-taught, design-school dropout who took a weeklong course so she could be a certified home stager and redesigner.”

How could I not like this woman? That same humble confidence shows through in “Welcome Home.” I mean,

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At Home Depot and Lowe’s, Home-Improvement Splurge Can Go On

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Home-improvement retailers

Home Depot


HD -3.25%

and

Lowe’s


LOW -4.70%

had a phenomenal quarter, but investors aren’t in the mood to savor the gains.

Home Depot’s sales grew 23.4% in the quarter ended Aug. 2 from the year-ago period, while Lowe’s revenue jumped 30% in the quarter ended July 31. Both companies exceeded analysts’ estimated revenue by around 10%. Diluted earnings per share increased 75% year over year at Lowe’s and 26.8% at Home Depot. Yet shares of Home Depot are down around 2% since it reported earnings Tuesday morning, and Lowe’s was basically flat after reporting Wednesday.

As in the preceding quarter, sales to do-it-yourself consumers outpaced those to professional contractors at both retailers. Lowe’s benefited more from this trend as DIY customers make up a higher portion of its business. Interestingly, sales growth was strong in all U.S. regions for both companies and not correlated with the size

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CL3 unveils interior design for Intercontinental Chongqing Raffles City

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a group of palm trees: Intercontinental Chongqing Raffles City by CL3


© Provided by Dezeen
Intercontinental Chongqing Raffles City by CL3

Sailing and nautical aesthetics informed CL3’s interiors for the Intercontinental hotel in the Raffles City Chongqing complex in China, which includes guest rooms that draw on the design of yacht cabins.

Intercontinental Chongqing Raffles City is located in the Raffles City Chongqing development, which features a “horizontal skyscraper,” the Crystal skybridge that connects four 250-metre tall skyscrapers.

The hotel’s location in the city’s Chaotianmen area, where the Yangtze and Jialing rivers meet, was the starting point for the designers.

“The project has a geographical and historical significance by being where the ancient emperor sent his fleet to meet the people,” CL3  said.



a glass door: Intercontinental Chongqing Raffles City by CL3


© Provided by Dezeen
Intercontinental Chongqing Raffles City by CL3

This nautical past not only informed the design of the eight streamlined skyscrapers that make up the Raffles City Chongqing complex, which features sail-like screens, it was also

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Table Talk: Production kitchen supports Columbus-based Fukuryu Ramen’s expansion – News – ThisWeek Community News

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Jeff Tsao has fulfilled part of his long-term growth plan by opening a production kitchen to serve his two Fukuryu Ramen restaurants.

Soup stocks, pork belly, sauces, seasonings and other foods are being made at 748 Harmon Ave. in Columbus.

“The production kitchen was always part of the plan to keep consistencies, efficiencies and flavor, so in stores we can focus on the guests,” Tsao said. “We were looking for more than a year and a half to buy our own building. But nothing was open. And we couldn’t find a place to fulfill our needs.”

He said the kitchens in his restaurants, 1600 W. Lane Ave. in Upper Arlington and 4540 Bridge Park Ave. in Dublin, were too small to create all the complexities of the noodle soups and other menu items. The original location in Melbourne, Australia, has closed, Tsao said.

Opening a production kitchen to serve two

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These 2 home improvement stocks are up 30% this year. They’re still a buy

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By the look of it, Americans have been rolling up their sleeves during quarantine and tackling those home-improvement projects. And investors seem equally eager to build a foundation for big gains on the resurgence of DIY.

With people spending a lot more time indoors, it’s no surprise home-improvement retailers Home Depot and Lowe’s have seen a huge boost to sales—and their stocks—in the past several months.

On Tuesday, Home Depot posted impressive second-quarter earnings, with profits soaring 24.5% year over year to $4.3 billion, while sales came in at $38.1 billion. And Bank of America analysts believe it “will not be the last of [Home Depot]’s strong run,” they wrote Wednesday. Lowe’s, meanwhile, posted a 30% surge in revenue for the quarter on Wednesday, with profits jumping a massive 68.7% from the year-earlier quarter, to $2.8 billion.

“Home is definitely the one place people are spending money on,” Edward Jones’s

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Home Depot takes up to 40% off Kohler bathroom products, today only

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Today only, as part of its Special Buy of the Day, Home Depot is taking up to 40% off Kohler bathroom products and more. Free shipping is available for all. Our top pick is the Kohler Alteo 2-handle Bathroom Faucet for $165.39. Regularly around $225, we’ve seen it drop below this price just once before in 2020. With a sleek chrome design, this faucet will bring a new level of design to your space. It’s made for 8-inch widespread setups, which is pretty standard in bathrooms. Home Depot customers have left a collective 4.5/5 star rating. Hit the jump for additional top picks in today’s sale.

Another standout today is the Kohler Single Hole Chrome Bathroom Faucet at $218.62. Regularly $300 or so, today’s deal is the best we can find by around 20%. This model offers a single-handle design, a higher-end premium design, and WaterSense technology, which

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