Home Depot is acting more like a multichannel retailer and less like a home-improvement warehouse. Plus strategic purchase of BlackLocus and RedBeacon.
From Nasdaq.com full story
Notes:
- Housing market continues to recover
- But gains unlikely to be double digit
- Opportunity will be for home improvement
- Lowes acquiring 80 stores
- But HD is still clear leader (though doesnt say in what way)
- Theory is customers becoming multichannel (so my advice is relevant?)
- 57% of consumers use multichannel approach
- Buy online - pickup in store strategies being tried
- One out of 3 HD online transactions are fullfilled at the store
- Customers buy more items once in the store
- HD launched new mobile app for contractors that's pretty cool
- HD purchased BlackLocus (algorithms for web pricing)
- HD purchased online handyman RedBeacon
- Gift card sales in 2012 total for US was 43 Billion.
- Guess who was ranked top gift card retailer (HD)
Pretty good article
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