Lowes, Home Depot and Scotts Miracle-Gro

Lynne M. Centeno 1 week ago

For Immediate Release

Chicago, IL – June 26, 2020 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include Lowes Companies, Inc. LOW, The Home Depot Inc. HD and The Scotts Miracle-Gro Co. SMG.

Here are highlights from Thursday’s Analyst Blog:

Coronavirus Feeds Home Improvement Trends: 3 Stocks to Count On

The COVID-19-induced shelter-at-home orders fueled the need for home improvement by housebound Americans, thereby driving demand for the said industry.

The home improvement space includes Décor and indoor garden, Painting and wallpaper, Tools and hardware, Building materials, Lighting et al.  Apart from essentials, retailers in this industry are witnessing solid demand for gardening and other in-house activity-related products.

Although states are reopening and people are reporting back to work, the emergence

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How to plan and budget for DIY goals now

Lynne M. Centeno 2 weeks ago

Did you find yourself cooped up during the pandemic-induced stay-at-home orders, blankly staring at the walls of your house, longing for more?

Maybe you wanted to travel or go out to dinner with friends. Or maybe you just wanted a fresh coat of paint on that wall.

If you found yourself in the latter camp, you had company: When the home improvement platform Houzz surveyed 1,000 homeowners who use the site in April, nearly 80% said they’re considering remodeling changes that would help them enjoy their houses more. And sales at Home Depot were up 7% in the first quarter of this year compared with the same period last year, a possible sign that consumers were already spending more on home improvement materials.

Although now might seem like the perfect time for DIY home improvement, be sure to consider our new reality. Plan the project’s size, type and budget to

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Coronavirus-Led Stay-at-Home Aids DIY & Home Furnishing: 5 Picks

Lynne M. Centeno 2 weeks ago

The coronavirus pandemic has changed the way we live and work. Though it has dampened businesses across the globe, it has also given rise to new trends.

Data provider S3 Partners had anticipated a decline in spending on furniture and home improvement with household finances being hit hard by economic challenges posed by the pandemic. However, things have panned out in a different way. A huge number of Americans in lockdown have been spending lavishly on upgrading their living spaces, which has helped Do-It-Yourself (DIY) and homeware or home furnishing companies to flourish.

Living Space Upgrades Push Home Furnishing Stocks Higher

With lockdowns in place, people are spending more time at home. The work and study from home trend has increased demand for furniture. In fact, due to globalization, new designs and a variety of items are now available online. This has boosted growth of the home decor market further.

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Despite construction’s return, SF’s home improvement industry languishes

Lynne M. Centeno 3 weeks ago

Citywide

<p>Photo: Photocapy/<a href="https://www.flickr.com/photos/photocapy/146214216/" rel="nofollow noopener" target="_blank" data-ylk="slk:Flickr" class="link rapid-noclick-resp">Flickr</a></p>

Photo: Photocapy/Flickr

As San Francisco hits the three-month mark of sheltering in place, residents have found plenty of new ways to pass the time — including working on projects around the house.

That’s mostly been good news for local hardware stores, which have seen an uptick in sales related to household projects. But for other small businesses in the home improvement industry, the shift has come at a cost.

Spring is normally the busiest season for Tom’s Painters, a team of Sunset District-based residential painters led by the sibling team of Tom and Maria da Silva. 

At the beginning of March, the company was working at full capacity. But when the mayor’s March 17 shelter-in-place order required non-essential businesses to shut down, work came to a halt. 

The company’s team of residential painters were used to stepping into people’s homes on a daily basis. But even

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