home improvement

The Home Depot Adds Membership Tiers to B2B Loyalty Program
The Home Depot Adds Membership Tiers to B2B Loyalty Program
January 05, 2023  |  B2B Payments

Home Depot has added new membership tiers to its B2B loyalty program. The Pro Xtra loyalty program for professional contractors and builders now has three tiers and enables...

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Lowe’s Says Home Remodeling Trend Still Strong and Set to Boom
Lowe’s Says Home Remodeling Trend Still Strong and Set to Boom
November 16, 2022  |  Retail

The nation’s second-largest chain of hardware stores said Wednesday (Nov. 16) that its commercial or “Pro” business grew 19% last quarter, as consumers continue to...

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Strong Home Improvement Demand Powers Home Depot’s Q3
Strong Home Improvement Demand Powers Home Depot’s Q3
November 15, 2022  |  Retail

Despite inflation, supply chain snags and a tight labor market, Home Depot enjoyed an increase in sales in its third quarter due to continued demand...

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Lowe’s Brings Digital Twins to World of Home Improvement
Lowe’s Brings Digital Twins to World of Home Improvement
September 20, 2022  |  Technology

Lowe’s has unveiled what it calls its industry’s first “interactive digital store twin,” the home improvement chain said in a press release Tuesday (Sept. 20)....

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SMB Financing FinTech Credibly Announces ProApprove Acquisition, $350M in Funding
SMB Financing FinTech Credibly Announces ProApprove Acquisition, $350M in Funding
June 13, 2022  |  Acquisitions

Credibly, a Michigan-based FinTech lending platform, on Monday (June 13) announced a pair of deals it said will drive growth in the home repair-financing space....

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Thumbtack Concierge Service Aimed at Helping Home Improvement Pros
Thumbtack Concierge Service Aimed at Helping Home Improvement Pros
March 09, 2022  |  Merchant Innovation

Home management platform Thumbtack is launching a personalized concierge service to help small home improvement providers convert more customer inquiries into confirmed jobs and optimize their operations,...

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Lowe’s, Home Depot Court Big-Spending Pro Contractors As DIY Takes A Breather
Lowe’s, Home Depot Court Big-Spending Pro Contractors As DIY Takes A Breather
August 19, 2021  |  Retail

Consumers may be returning to in-person shopping and social activities, but the desire to upgrade their living spaces has continued, as many offices plan to...

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Lowe’s Sales Sag Amid Decrease In Home Improvement
Lowe’s Sales Sag Amid Decrease In Home Improvement
August 18, 2021  |  Retail

North Carolina-based Lowe’s saw its comparable sales slip by 1.6 percent in the second quarter, the company said on Wednesday (Aug. 18), led by a...

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Home Depot Customers Make Few Trips, But Buy Bigger Items
Home Depot Customers Make Few Trips, But Buy Bigger Items
August 17, 2021  |  Retail

The Home Depot said its customer transactions fell roughly 6 percent last quarter, but average spending rose 11 percent when consumers did shop. For the...

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