Home Depot sees a record-breaking sales spike as home improvement remains the obsession of consumers stuck at home
reported that Home Depot saw a 19.1% and 19% year over year spike in foot traffic in June and July.
Home Depot has seen strong results since the beginning of the pandemic, although its second-quarter strategy saw the company take "a more localized approach" to in-store safety measures, according to Menear.The CEO said that Home Depot has also pushed closing time from 6 p.m. to 8 p.m. in order to avoid "end of day bottlenecks.
McPhail said that comparative sales in the United States were up 25% for the quarter, with each of Home Depot's 19 US regions posting "double-digit positive" comparative sales. He characterized the spike as one driven by "broad-based" demand.
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