Home Depot Is Spending Big to Keep Lucrative Contractors Happy [Business News Network (BNN) (Canada)]
Lowe's Companies, Inc. (LOW)
Last lowe's companies, inc. earnings: 2/26 06:00 am
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phx.corporate-ir.net/phoenix.zhtml?c=95223&p=irol-irhome
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Source: Business News Network
Contractors' needs are very different than the average customer's, and while they make up only 5% of Home Depot's shoppers, they account for 45% of its $132 billion in annual sales. They often buy bulky items in vast quantities and want -- or rather demand -- to receive the orders on a stringent timeline. That's become an especially intense problem for Home Depot, as with other retailers, amid the supply-chain crunch that's upended stocking and transport around the country and the world. The new facility in Stonecrest, Georgia, which is called a flatbed distribution center, is designed with contractors in mind. During a recent visit, workers ferried goods around on red Raymond pacers and yellow Caterpillar forklifts. Stacks of plywood were piled up toward the ceiling and copper pipes sat atop high shelves. Large bags of mulch and potting mix were a prominent reminder that spring renovation season is on the horizon. The hub is the centerpiece of Home Depot's plan to ease the compl
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