As Lowe’s and Home Depot focus on growing the ranks of professional customers as a strategy to boost the bottom line, both retailers ended Q4 on a mostly positive note, a sign the home improvement sector may be rebounding.
Both Lowe’s and Home Depot “have solid strategies to drive their businesses,” Telsey Advisory Group analysts, led by Joe Feldman, said in a Wednesday note. “Lowe’s should remain a long-term share gainer and benefit from its Total Home strategy — strengthening merchandising and space productivity, leveraging technology, broadening the omnichannel model, and expanding the pro business.”
To view the full article, please click on the following link:
Visit Content