News

Home Depot enjoys robust sales

February 28, 2018

The U.S. housing boom and demand for building and repair supplies due to natural disasters helped Home Depot's sales last quarter.

A Bloomberg report stated the retailer enjoyed a 7.5 percent increase in same-store sales, which beat analyst projections of 6.5 percent. The report also noted the retailer's investments in technology and customer service were also a factor in driving more sales.

Home Depot was the first in its industry to offer shoppers a view of in-store inventory, according to Bloomberg, thanks to a mobile app that allows in-store shoppers to find the specific location of a product and know how many are available.