Data & Insights U.S. Brands: Consumer Category Trends This article provides insight into recent consumer category trends based on sell-through data in August and September 2023, highlighting those that have sustained growth and others that are decelerating. Accelerations Non-discretionary categories such as food and pet supplies have seen a notable increase in wallet share gains. This can be attributed to changes in consumer […] Yipitdata November 29, 2023November 29, 2023 2 min read Data & InsightsConsumersDept. HBCDept. NonfoodHealth & WellnessWalmartCostcoDept. ApparelDept. GroceryDept. Sporting goodsDept. Toys & GamesEconomyHome DepotTargetDept. PetAmazon 0 Saving Bookmark this article Bookmarked
Associates & Employees Computer Vision-Enabled App Helps Home Depot Improve On-Shelf Availability The Home Depot has one major advantage over competing retailers that keep much of their inventory in back rooms, where it’s invisible to customers and associates alike. With its high store ceilings, the retailer can store many items in shelving way above the sales floor, ready to be taken down and put on reachable shelves. […] Retail TouchPoints November 19, 2023November 19, 2023 2 min read AssociatesHome DepotShoppersMerchandisingOperations & Supply ChainTechnology & InnovationThick DataPredictions and ForecastsMarketing: Social MediaMarketing: In StoreData & InsightsHoliday & EventsPackagingPricing & PromotionsAI 0 Saving Bookmark this article Bookmarked
Data & Insights Holiday sales below year-ago levels as 2023 season begins Key Takeaways Online Marketplaces like Temu and Amazon are outperforming Share of sales online is stable or rising across most categories Luxury and home goods are underperforming Holiday sales decline for first time in years Contact Sales for more details. Holiday sales are down 1.7% YoY in the first 8 days of the holiday season according […] Earnest Research November 16, 2023November 20, 2023 3 min read Holiday & EventsData & InsightsDept. NonfoodDept. ApparelAmazonShoppersBrick and MortarHealth & WellnessConsumersCOVID19DeliveryDept. Toys & GamesDept. PetDept. Sporting goodsData VisualizationMarketing: TradeChewyBest BuyHome DepotOperations & Supply ChainPartnershipsRecommerceSustainabilityTrends: ShoppingWalmart 0 Saving Bookmark this article Bookmarked 5
Channel: Home Improvement Home Depot narrows guidance as sales fall 3% [[“value”:”Net earnings at the home improvement retailer tumbled 12% in the quarter and big-ticket purchases were down year over year.”]] RetailDive November 15, 2023November 15, 2023 < 1 min read Home DepotResults & Investment 0 Saving Bookmark this article Bookmarked
Corporate Finance Home Depot shares rally on earnings beat, even as home improvement sales level off [[“value”:”Home Depot narrowed its earnings and revenue outlook for the year after it beat expectations on both metrics in the third quarter.”]] CNBC November 14, 2023November 14, 2023 < 1 min read Results & InvestmentHome Depot 0 Saving Bookmark this article Bookmarked
Department: Food Home Depot says the worst of inflation is over — that could be good news for retailers and shoppers [[“value”:”With its comments, Home Depot gave fresh hope that relief could be coming for consumers or the broader economy.”]] CNBC November 14, 2023November 14, 2023 < 1 min read EconomyHome DepotShoppersConsumersDept. Fresh 0 Saving Bookmark this article Bookmarked
Channel: Mass How/Why Target Is Facing A Challenging Holiday Season The Wall Street Journal has a story about how Target and its CEO, Brian Cornell, are facing questions from investors about the upcoming holiday season and whether the company can turn things around after a challenging 10 months. The year started with Target cutting prices because of an inventory glut, and then having to deal […] MorningNewsBeat November 14, 2023November 14, 2023 2 min read TargetHoliday & EventsShoppersDept. GroceryWalmartBrick and MortarConsumersResults & InvestmentLegal & CriminalAssociatesSustainabilityOperations & Supply ChainMarketing: TradeEconomyInclusivityHome DepotExecutivesDept. NonfoodDept. ApparelDeliveryAmazon 0 Saving Bookmark this article Bookmarked
Corporate Strategy 10 Books For Today’s CMO Today on Branding Strategy Insider, we’re sharing ten of the most beneficial books for Chief Marketing Officers (CMOs). These titles hold significance due to their ability to help shape and guide how marketing leaders approach their role, from fundamental marketing principles to innovative growth strategies. We think you will find that each offers a great […] Branding Strategy November 10, 2023November 13, 2023 3 min read ExecutivesStrategyMarketing: BrandData & InsightsCompetitionShoppersPricing & PromotionsSustainabilityTargetPredictions and ForecastsTechnology & InnovationCustomer ExperienceMarketing: BroadcastHome DepotStreaming 0 Saving Bookmark this article Bookmarked
Shopper & Customer Home Depot, Vizio create shoppable content for the holidays “Merry & Bright” stars Jordin Sparks and features QR codes that take consumers to a “Shop the Look” page on the retailer’s website. MarketingDive November 2, 2023November 2, 2023 < 1 min read Home DepotHoliday & EventsConsumers 0 Saving Bookmark this article Bookmarked
Channel: Specialty & Other Best Buy, Home Depot Embrace Live Video Shopping for Holiday Ahh, holiday fare: Rudolph the Red-Nosed Reindeer, How the Grinch Stole Christmas…and live video shopping from two of the country’s biggest retailers, The Home Depot and Best Buy. Merry & Bright, Home Depot’s shoppable content series, drops its three 10-minute episodes on Nov. 1, 2023 on Vizio, where they will be accessible through the end […] Retail TouchPoints November 1, 2023November 1, 2023 2 min read Best BuyHoliday & EventsHome DepotPartnershipsMarketing: Social MediaStreamingStrategyMarketing: In StoreMarketing: Digital MediaMarketing: BroadcastHealth & WellnessDept. HBCAgencies 0 Saving Bookmark this article Bookmarked
Channel: Home Improvement Home Depot, Lowe’s Look to ‘Pros’ for Growth Competitors The Home Depot and Lowe’s are both zeroing in on the same high-value target as the pandemic-driven home improvement boom slows — professional contractors, builders and tradespeople. The Home Depot has made a number of executive moves to better “align the organization” around this consumer set, which the company describes as its “largest growth […] Retail TouchPoints November 1, 2023November 1, 2023 2 min read LowesHome DepotExecutivesShoppersBrick and MortarMarketing: Loyalty & SubscriptionOperations & Supply ChainAssociatesInternationalMarketing: Social MediaTargetReturnsInternational - North AmericaResults & InvestmentPartnershipsDept. GroceryConsumersCOVID19Dept. NonfoodSustainability 0 Saving Bookmark this article Bookmarked
Channel: Home Improvement Home Depot, Lowe’s Look to ‘Pros’ for Growth Competitors The Home Depot and Lowe’s are both zeroing in on the same high-value target as the pandemic-driven home improvement boom slows — professional contractors, builders and tradespeople. The Home Depot has made a number of executive moves to better “align the organization” around this consumer set, which the company describes as its “largest growth […] Retail TouchPoints October 31, 2023November 2, 2023 2 min read LowesHome DepotExecutivesShoppersBrick and MortarMarketing: Loyalty & SubscriptionOperations & Supply ChainAssociatesInternationalMarketing: Social MediaTargetReturnsInternational - North AmericaResults & InvestmentPartnershipsDept. GroceryConsumersCOVID19Dept. NonfoodSustainability 0 Saving Bookmark this article Bookmarked
Trends & External Forces Will the U.S. Get Hit With a Recession in 2024? Subscribe to the Advisor Channel free mailing list for more like this Will the U.S. Get Hit With a Recession in 2024? This was originally posted on Advisor Channel. Sign up to the free mailing list to get beautiful visualizations on financial markets that help advisors and their clients. For much of the last year, […] Visual Capitalist October 5, 2023October 5, 2023 3 min read EconomyPredictions and ForecastsConsumersExecutivesThick DataData & InsightsAssociatesResults & InvestmentGovernmentDept. NonfoodHome DepotLowesTechnology & InnovationWalmart 0 Saving Bookmark this article Bookmarked
Technology & Innovation PPG receives top honors for product innovation, DE&I at The Home Depot’s 2023 Innovation Awards PITTSBURGH–(BUSINESS WIRE)–PPG (NYSE: PPG) today announced that it has received two notable honors from retail partner The Home Depot as part of the retailer’s annual Supplier Partnership Meeting. The GLIDDEN® floor paint and concrete stain product line by PPG featuring COOL SURFACE TECHNOLOGY™ formulation was named a 2023 Innovation Award winner – second runner up, […] BusinessWire - Retail September 28, 2023September 28, 2023 < 1 min read Technology & InnovationHome DepotPartnershipsInclusivity 0 Saving Bookmark this article Bookmarked
Media & Marketing From followership to friendship: strategies for creating connection on TikTok In the ‘Insight to Impact with Mintel Consulting’ series, thought leaders on our Marketing Intelligence team expand on research and insights identified in Mintel Comperemedia research. Today’s article is inspired by Compremedia’s Winning Strategies: Key Brand Opportunities on TikTok, and explores platform content recommendations for CPG, beauty and retail brands. There is no denying the […] Mintel September 20, 2023September 20, 2023 5 min read Marketing: Social MediaTikTokConsumersData & InsightsRestaurantsESG and CSRDept. LaundryTargetTechnology & InnovationCOVID19ConsultingDept. HBCStrategyAcquisitionHealth & WellnessOperations & Supply ChainDept. NonfoodHome DepotMarketing: Direct & PersonalizationDept. Fresh 0 Saving Bookmark this article Bookmarked
Data & Insights The Home Improvement Boom: Evolving Consumer Behaviors in a Post-Pandemic Era During the pandemic, home improvement projects surged. However, as noted in YipitData’s 1H23 State of the Home Improvement Report, consumer behaviors have since recalibrated and subsequently transformed the industry. While GMV sales growth has slowed to 2-3% in 1H23 vs 23.5% in 2021, the industry’s outlook still remains positive with 1H23 amassing an impressive $220 […] Yipitdata September 5, 2023September 5, 2023 2 min read Data & InsightsConsumersCOVID19Home DepotAmazonDept. NonfoodCompetitionWalmartTechnology & InnovationPredictions and ForecastsLowesCostco 0 Saving Bookmark this article Bookmarked
Data & Insights Concrete Sales: Top Brands & Performance Trends Market share, sales, and pricing at Home Depot and Lowe’s serve as crucial indicators of brand performance in the concrete, stucco, mortar, and asphalt space among consumers. When looking at major retailers in the concrete industry, two primary brands stand out in sales volume: Quikrete and Sakrete. Concrete Average Selling Price United States Sep 2021 […] Yipitdata August 31, 2023December 7, 2023 < 1 min read Data & InsightsPredictions and ForecastsHome DepotConsumersLowes 0 Saving Bookmark this article Bookmarked
Data & Insights How to Build a Better Retail Assortment Strategy A well-curated retail assortment bridges the gap between customer preferences and demand for the products offered, ensuring that each item in your inventory adds value to the customer and your business. Moreover, an effective assortment strategy allows retailers to stand out in the fiercely competitive retail landscape, providing a unique and memorable shopping experience. The […] Wiser Retail Strategies August 29, 2023August 29, 2023 5 min read Technology & InnovationAIMerchandisingShoppersStrategyData & InsightsOperations & Supply ChainPredictions and ForecastsTargetCustomer ExperienceConsumersCompetitionTrends: RetailMarketing: Loyalty & SubscriptionDept. NonfoodTrader JoesDept. ApparelMarketing: Direct & PersonalizationVendorsTrends: ConsumerMarketing: UGCMarketing: Social MediaESG and CSRHome DepotMarketing: In StoreWalmartAmazonAssociatesBrick and MortarDept. Fresh 0 Saving Bookmark this article Bookmarked
Data & Insights 10 Key Tips for Scaling Personalization in Retail Fast-moving innovation is a tricky thing. What was a surprise-and-delight experience for customers two years ago is now an expectation. And when that expectation isn’t met, it’s a big problem. For example, according to Forbes, 71% of B2C customers expect companies to deliver personalized interactions and 70% are frustrated when they don’t. Personalization is the […] Retail TouchPoints August 29, 2023August 29, 2023 4 min read ShoppersMarketing: Direct & PersonalizationData & InsightsTechnology & InnovationAICustomer ExperienceStrategyPredictions and ForecastsMarketing: In StoreMarketing: Social MediaOmnichannelInternationalHome DepotMarketing: Loyalty & SubscriptionBig DataDeliveryESG and CSRDept. FreshCoca ColaConsultingDept. Perimeter 0 Saving Bookmark this article Bookmarked
Channel: Home Improvement Home Depot creates content hub for new homeowners The New Homeowners Hub offers do-it-yourself guides and other resources on skills like changing light fixtures and replacing garbage disposals. Millennials report home maintenance (74%) and home improvement (68%) projects are the most stressful aspects of homeownership; site created to help ATLANTA, Aug. 23, 2023 /PRNewswire/ — The Home Depot® launched a New Homeowners Hub to equip the next generation […] RetailDive August 24, 2023October 5, 2023 3 min read Home DepotPricing & Promotions 0 Saving Bookmark this article Bookmarked
Shopper & Customer Home Depot Launches New Content Hub to Empower Young Homeowners Up to 70% of business-to-consumer marketers believe that content marketing has become more important to their business over the past year, and 77% have successfully used this content to build credibility and trust among their consumers, according to the Content Marketing Institute. The Home Depot is tapping into this value by creating a branded content […] Retail TouchPoints August 23, 2023October 5, 2023 2 min read ConsumersHome DepotThick DataTechnology & InnovationExecutivesPredictions and ForecastsMarketing: Social MediaMarketing: PrintDept. NonfoodDept. Natural / Organic 0 Saving Bookmark this article Bookmarked
Channel: Home Improvement Home Depot’s $300 12-Foot Skeleton Is Already Sold Out Online for the Rest of 2023 Home Depot’s highly sought-after 12-foot skeleton has once again sold out online after its third and final restock of 2023, forcing enthusiasts to seek it in local stores. Priced at $300, the giant skeleton has been a recurring hit, with previous years also experiencing rapid sell-outs. Despite being marketed for Halloween, some customers have integrated… RetailWire August 23, 2023August 28, 2023 < 1 min read Home DepotHoliday & EventsBrick and Mortar 0 Saving Bookmark this article Bookmarked
Department: Nonfood Tools Retail Trends: Shifting Dynamics and Emerging Players The tools industry has undergone subtle but notable shifts in consumer spending preferences post-pandemic, giving rise to interesting trends within hand tools, power tools, and power tool accessories. 1. Hand tools are rising in popularity amidst a changing landscape Over the past few years, hand tools have gained significant traction among consumers, emerging as the […] Yipitdata August 23, 2023August 23, 2023 < 1 min read Dept. NonfoodData & InsightsHome DepotConsumersTrends: RetailPredictions and ForecastsCOVID19 0 Saving Bookmark this article Bookmarked
Channel: Home Improvement How Behr, Home Depot are using data to market 2024’s Color of the Year The paint marketer will leverage Home Depot’s retail media network to target Cracked Pepper at consumers in the mood for renovations. MarketingDive August 22, 2023August 22, 2023 < 1 min read Home DepotPredictions and ForecastsData & InsightsMarketing: Retail MediaConsumersTarget 0 Saving Bookmark this article Bookmarked
Technology & Innovation Q2 Results Roundup: Walmart and TJX Shine, Target and Home Depot Stumble The nation’s two biggest big-box retailers, Walmart and Target, reported markedly different results for their second quarters. For the three-month period ending July 28, 2023, Walmart’s net sales increased 5.4% over the same period last year, reaching $110.9 billion. Total revenue also grew, up 5.7% over last year’s Q2 to $161.6 billion, helped by a […] Retail TouchPoints August 21, 2023August 21, 2023 3 min read Technology & InnovationAIAmazonTargetHome DepotWalmartEconomyShoppersExecutivesInternationalMarketing: Social MediaResults & InvestmentBrick and MortarDeliveryAssociatesInclusivityStore LocationOperations & Supply ChainConsumersBOPISInternational - North AmericaStart Ups 0 Saving Bookmark this article Bookmarked
Technology & Innovation Q2 Results Roundup: Walmart and TJX Shine, Target and Home Depot Stumble The nation’s two biggest big-box retailers, Walmart and Target, reported markedly different results for their second quarters. For the three-month period ending July 28, 2023, Walmart’s net sales increased 5.4% over the same period last year, reaching $110.9 billion. Total revenue also grew, up 5.7% over last year’s Q2 to $161.6 billion, helped by a […] Retail TouchPoints August 21, 2023August 22, 2023 3 min read Technology & InnovationAIAmazonTargetHome DepotWalmartEconomyShoppersExecutivesInternationalMarketing: Social MediaResults & InvestmentBrick and MortarDeliveryAssociatesInclusivityStore LocationOperations & Supply ChainConsumersBOPISInternational - North AmericaStart Ups 0 Saving Bookmark this article Bookmarked
Shopper & Customer Home Depot beats earnings estimates, but sales slide as consumers pull back on big-ticket buys [[“value”:”Home Depot beat earnings estimates but reiterated its full-year guidance, saying consumers are still wary of big-ticket purchases.”]] CNBC August 18, 2023August 18, 2023 < 1 min read ConsumersResults & InvestmentHome Depot 0 Saving Bookmark this article Bookmarked
Channel: Home Improvement Home Depot positive on full year as Q2 beats expectations [[“value”:”Although sales of big-ticket items are down, the retailer is expanding its offering in the hand tools, kitchen and bath sectors.”]] RetailDive August 16, 2023August 16, 2023 < 1 min read Home DepotDept. Nonfood 0 Saving Bookmark this article Bookmarked
Channel: Home Improvement Four reasons why the consumer is so confusing — and what that may mean for retail earnings As Home Depot, Target and Walmart report earnings, retailers and investors have had to weigh contradictory factors as they predict consumer spending patterns. CNBC August 14, 2023August 14, 2023 < 1 min read Results & InvestmentConsumersWalmartTargetHome Depot 0 Saving Bookmark this article Bookmarked
Retailer Media Targeting Shoppers by DIY Project with The Home Depot’s Melanie Babcock-Brown The CPG Guys are joined in this episode by Melanie Babcock-Brown, VP of Retail Media+ and Monetization at The Home Depot, the world’s largest home improvement specialty retailer with over 2,200 stores. Follow Melanie Babcock-Brown on LinkedIn at: https://www.linkedin.com/in/melaniebabcock/Follow Home Depot on LinkedIn at: https://www.linkedin.com/company/the-home-depot/Follow Retail Media+ online at: https://www.homedepot.com/c/Retail_Media_Advertising_Solutions Melanie answers these questions:1) What […] The CPG Guys July 22, 2023July 22, 2023 2 min read Marketing: Retail MediaHome DepotShoppersMarketing: Social MediaPodcastsConsumersCustomer ExperienceStrategyTechnology & InnovationPartnershipsPricing & PromotionsBrick and Mortar 0 Saving Bookmark this article Bookmarked
Trends & External Forces Channel: Mass Department: Consumer Durables Department: Nonfood Corporate Strategy Corporate Finance Partnerships & Alt Profit Media & Marketing Agencies & Vendors Data & Insights Technology & Innovation Trends & External Forces Stores & Formats NRF Retracts Claim that Organized Retail Crime Accounted for ‘Nearly Half’ of Retail Shrink The National Retail Federation (NRF) has updated a report that had attributed “nearly half” of 2021’s $94.5 billion in retail shrink to organized retail crime, saying the data point was part of two-year-old testimony to a U.S. Senate committee by Ben Dugan, former President of the Organized Retail Crime Resource Center. The NRF report was […] Written by Retail TouchPoints December 7, 2023December 7, 2023 Saving Bookmark this article Bookmarked
Data & Insights Corporate Strategy Data & Insights Technology & Innovation Associates & Employees Stores & Formats Walmart’s hiring and wage pressures have eased, CEO says Walmart CEO Doug McMillon also said artificial intelligence is changing employees’ roles across stores and in warehouses. Written by CNBC December 6, 2023December 7, 2023 Saving Bookmark this article Bookmarked
Technology & Innovation Media & Marketing Shopper & Customer Technology & Innovation Regional grocers’ e-commerce sales slip in Q3, research finds The drop is due to a higher rate of lapsed shoppers who have either gone back to in-store buying or switched to a competitor’s online services, a new Brick Meets Click and Mercatus report found. Written by Grocery Dive December 6, 2023December 7, 2023 Saving Bookmark this article Bookmarked
Shopper & Customer Corporate Strategy Shopper & Customer Trends & External Forces Walmart CEO says consumers may not be as resilient next year, even as deflation starts to show In a CNBC interview, Walmart CEO Doug McMillon said the discounter is gearing up for a year when it faces tougher comparisons because of falling prices. Written by CNBC December 6, 2023December 7, 2023 Saving Bookmark this article Bookmarked
Channel: Delivery Channel: Ecommerce & Digital Trends & External Forces DoorDash named one of Fortune’s Future 50 Companies The delivery company made the list out of 1,000 publicly traded companies that were considered Written by Supermarket News December 6, 2023December 7, 2023 Saving Bookmark this article Bookmarked