Essential reading for retailers and suppliers in the home improvement market

International News

The Home Depot reports 4.4% increase in sales

The Home Depot, the world's largest home improvement retailer, has today reported sales of $24.9 billion for the first quarter of fiscal 2018, a 4.4% increase from the first quarter of fiscal 2017. Comparable sales for the first quarter of fiscal ... 
15 May 2018

The Home Depot to hire approximately 1,000 new technology professionals

The Home Depot is hiring approximately 1,000 new technology professionals in 2018 at its primary technology centers in Atlanta, Austin and Dallas to support initiatives related to its $11.1 billion three-year strategic investment plan.In December ... 
18 April 2018

UK consumers drawn to general online stores for home improvement purchases

In markets in which Amazon is focusing its resources, the online market for selling home improvement products is getting “Amazoned,” according to the latest European Home Improvement Monitor.The Monitor has highlighted that general online stores ... 
9 March 2018

Global market of smart home technology on the rise

According to a recent study report published by the Market Research Future, The global market of DIY Smart Home Market has increased in recent years. The market is expected to grow at a rapid pace during the forecast period (2017 – 2023). The DIY ... 
15 February 2018

Zircon Corporation opens UK arm

Stud finder and metal detector manufacturer, Zircon Corporation has, today, announced the launch of its new affiliate, Zircon Corporation Ltd - a UK Corporation, which will be headed up by .former BHETA director Andy Vaughan.American firm Zircon has ... 
18 January 2018

Record year for Koelnmesse in 2017

Trade fair giant reports record turnover and profits for last year, as trade fairs in Cologne grew by an average of 13%. Koelnmesse, which organises 80 trade fairs and events, including the International Hardware Fair Cologne and Spoga Gafa, reported ... 
15 January 2018

The Home Depot acquires The Company Store

The Home Depot announced on December 21 2017 that it has acquired The Company Store, a leading online retailer of textiles and home décor products, from Hanover Direct. The deal closed on December 19 and terms were not disclosed.In addition to its ... 
2 January 2018

Gardenex secures government funding for major garden trade exhibitions in the US, Germany, Italy and Japan

The Gardenex export federation has been successful in securing cash grant funding for four major international garden trade exhibitions in the Government’s latest bidding round. The funding is available to eligible SMEs under the DIT’s Tradeshow ... 
2 January 2018

Poundland's parent company under investigation for accounting scandal

Global retailer and parent company of Poundland, Steinhoff, has come under fire recently due to an investigation into an accounting scandal at Steinhoff International Holdings NV that has seen the value of the company decrease sharply by $11.4 ... 
8 December 2017

Home Depot announces $15 billion share buyback scheme

The US home improvement giant has, today, announced a $15 billion share repurchase plan and set out a target to grow annual sales to between $114.7 billion and $119.8 billion by the year ending January 2021. The company said the new buyback program, ... 
6 December 2017
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