Record high home prices, increased DIY activity, and a robust housing market have led to a jump in consumer spending on home improvements projects and helped sales at Lowe’s surge. Lowe’s is the world’s second-largest home improvement store, and about 90% of the U.S. population lives within 20 miles of a Lowe’s store. The company announced in August 2021 second-quarter net sales increased 1% from a year earlier to almost $27.6 billion. So with consumer discretionary spending shifting towards entertainment and travel, will Lowe’s and its rival Home Depot be able to maintain their momentum?
Chapters:
Intro — 00:00
History — 01:58
The home improvement market — 05:20
Focus on home professionals — 10:04
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The DIY Boom And The Rise Of Lowe’s
Chapters:
Intro — 00:00
History — 01:58
The home improvement market — 05:20
Focus on home professionals — 10:04
» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC
» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision
» Subscribe to CNBC Classic: https://cnb.cx/SubscribeCNBCclassic
About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more.
Connect with CNBC News Online
Get the latest news: https://www.cnbc.com/
Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC
Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC
Follow CNBC News on Twitter: https://cnb.cx/FollowCNBC
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The DIY Boom And The Rise Of Lowe’s
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