June 22, 2010

It was almost painful to watch. Quarter after quarter of negative comparable-store-sales figures emanating from Atlanta and Mooresville in a period of negativity that extended for more than three years.

The negative-comps streak officially ended last month, when the two biggest players in home improvement retailing both posted positive comps for the first time since late 2005 (See chart). The reversal is clearly good news not only for Home Depot and Lowe’s, but also for the home improvement industry in general.