The home improvement sector saw web traffic decline across the months of February, March and April, according to SimilarWeb data.
Home Depot reported record sales for the second quarter as consumers plunked down dollars to upgrade and beautify their homes and gardens. Overall sales rose 6.2% over the year-earlier quarter, while comparable-store sales gained 6.3%.
Lowe’s reported a disappointing 1.9% Q1 comparable sales increase that trailed the 5.5% gain Home Depot had posted. But either of the gains dwarf the meager 0.1% increase the overall retail sector is expected to eke out.
Lowe’s unveiled two deals to acquire companies that sell products to owners and managers of rental properties, bolstering its presence in the property management space. Here are some key data points about Lowe's, drawn from the eMarketer Retail & Ecommerce database.