Tag: DIY

Accelerated Analytics Customers Crush TY/LY Comps at The Home Depot

Posted on August 28, 2017 by - Blog

Last Year Reports for Home Depot Customers

Accelerated Analytics customers who sell their products at The Home Depot saw their second quarter comp sales increase 11% over last year! That’s nearly double the results reported by The Home Depot when they recently released their second quarter results. In a blog post on August 15th, we shared The Home Depot’s Q2 results which included reported sales of $28.11 billion for the second quarter of fiscal 2017, the highest quarterly revenue in the company’s history. Comparable store sales for the second quarter of fiscal 2017 were positive 6.6 percent.

DIY, Home and Hardware vendors count on Accelerated Analytics to provide an expert reporting solution that empowers their sales, marketing and store operations teams. Our product and store level analytics provides the insights needed to exceed sales goals, increase orders to fully stock their shelves, test plan-o-gram efficiencies, and prepare for line reviews.

Our customers truly are winning at retail because we understand the home improvement retail business inside and out and provide a solution that is specifically targeted to, and designed for, a DIY vendor.

Home Improvement Spending Rising for Boomers and Millennials

Posted on August 9, 2017 by - Blog

The Wall Street Journal announced this week that Harvard University’s Joint Center for Housing Studies has reported an expectation of American spending on home improvements this year to top $316 billion. This latest boom in spending is being driven mostly by two groups on opposite ends of the age spectrum: baby boomers and millennials. Increasing housing costs are driving more Americans to stay in the homes Home Improvement Spending Going Upthey currently have and make upgrades, or buy older homes that require more renovations. The WSJ report states that baby boomers are staying in their homes longer and are living longer, so are doing more renovation projects. Due to this influx of DIY projects, home improvement retailers are continuing to report successes. The Home Depot will be announcing their Q2 results on August 15 and economists are expecting to see increases in year-over-year store comps. This follows Home Depot’s Q1 reporting of 6% increases in same-store comps. Last year Americans spent $296 billion on home improvements. If the growth to $316 billion is realized, spending this year will increase by 7%.

Sources: WSJ, HardwareRetailing.com