The everyday American consumer is dealing with an increasingly strained household budget. And, according to home improvement retailer Lowe’s Tuesday (Nov. 19) third-quarter 2024 earnings call, this ongoing economic environment has resulted in ongoing weak home improvement demand. “The reality is we are a DIY...
The home improvement sector is getting its affairs in order while eyeing a macro improvement. That’s the news from home improvement retailer Lowe’s, which cited softer demand and ongoing headwinds — including a slowdown in home sales, higher interest rates and a pullback in consumer spending...
Is your refrigerator running? Rather than going to catch it, as the old prank phone call goes, Home Depot told investors during its first-quarter 2024 earnings call Tuesday (May 14) that many of today’s consumers are sitting out on major home projects as a result...
Consumer finance company Synchrony has launched a partnership with contractor-focused software platform ServiceTitan. The collaboration is designed to make it easier for contractors to offer financing to customers, according to a Tuesday (April 30) press release. “Our top priority at ServiceTitan is providing contractors with...
July 13, 2023
Payroll is one of the most critical functions of any workplace, ensuring that employees are paid on time and in the correct amounts. Delaying these paychecks can have massive detrimental consequences for workers, with 71% reporting at least some difficulty if their pay was late for any reason. Satisfied workers are essential to corporate success […]
April 14, 2023
Government incentives are spurring nationwide industry investment as manufacturers race to find space to fulfill demand. As first reported last week (April 8) by the Wall Street Journal, the industrial real estate...
September 19, 2022
Cash flow is a significant challenge in the construction industry. Contractors often must cope with 30- to 60-day payments and holdbacks of as much as 40% until the completion of...
August 11, 2020
For gig-economy companies, is it time to make way for the third way? As reported Monday, Uber CEO Dara Khosrowshahi wrote in a New York Times op/ed that gig-economy companies like his...
April 21, 2026
In a home improvement market that has been flat, The Home Depot is looking to grow by gaining share among professional contractors and builders, the Financial Times reported Tuesday (April 21). The home improvement retailer, which has traditionally served do-it-yourselfers, has made “Win the pro” a mantra, according to the report. Home Depot is pursuing […]
April 30, 2024
Consumer finance company Synchrony has launched a partnership with contractor-focused software platform ServiceTitan. The collaboration is designed to make it easier for contractors to offer financing to customers, according to...
October 04, 2023
Kraaft has raised $3.7 million to bring its construction-sector messaging app to new industries. According to a report Wednesday (Oct. 4) by EU Startups, the French company will use the funds to develop...
September 19, 2023
Project 2 Payment, a tool that helps U.S.-based contractors create estimates, send invoices and get paid, has added two new features. The Business Reporting dashboard aims to provide contractors with...
