Home improvement stores offer a wide variety of building materials, appliances, gadgets, and other items to help you renovate your home. The market for these products is expected to continue to grow in the next five years.
Home improvement retailers are making a big push to better cater to the needs of contractors. This is one way to boost revenue.
Some of the biggest home improvement stores include Home Depot and Lowe’s. These two chains dominate the industry with 80% of sales. However, there are other stores that can give you an idea of what these stores have to offer.
Among the other big box store operations are Walmart, Best Buy, and Amazon. They are now carrying a wider range of categories and integrating their home improvement supplies.
Another notable feature is their improved return policies. These stores are trying to combat fraudulent returns, such as counterfeit receipts and stolen goods.
To combat this, these retailers are creating more departments. They are also working with distribution channel teams to come up with solutions.
Ultimately, these companies are looking to improve the customer experience and the quality of the products. For example, Lowe’s has introduced a video chat tool and is launching a Pro-oriented brand.
These stores are attempting to reduce the amount of friction in the purchase process. They are also launching departments and products for painters, landscapers, and other contractors.
There are a lot of options when it comes to deciding which card to use for your home improvement purchases. Whether it’s a gift card, credit card, or cash, it all depends on how much you plan on spending.
