One tiny grace for retailers during the coronavirus outbreak has been that it didn’t strike during a peak selling period like the holiday season. There’s one notable exception: the $900 billion home improvement sector, led by Home Depot and Lowe’s.
Spring for home improvement stores is by far the busiest time of year, generating about 30% of annual sales, as people catch up on things like replacing bathroom tiles, installing new kitchen cabinets, and repaving the driveway after winter. The spring season is to Home Depot and Lowe’s what the Christmas period is to Macy’s or Best Buy.
Source: Fortune
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