Home Depot prepares for Spring Black Friday
The Home Depot will implement its fourth annual Spring Black Friday event, which it describes as a weekend of regional savings on hundreds.
The sales begin April 4.
"We see increased traffic in our stores during the spring season as customers kick-off their home improvement projects," said Craig Menear, executive VP merchandising. "In a recovering housing market, we know our consumers are continuing to look for ways to affordably improve their homes.”
Like the traditional Black Friday that occurs the day after Thanksgiving to unofficially start the holiday shopping season, The Home Depot’s Spring Black Friday marks the start of home improvement’s busiest shopping season, spring, the company said.
The event puts emphasis on categories such as live goods and lawn care, outdoor power, eco-friendly gardening products, and patio and grills.
Majority of AHMA members say sales are up
An American Hardware Manufacturers Association (AHMA) survey of members found 58% of respondents say sales were higher in March, compared with the year-ago period.
That’s up from 48% who said the same in February.
Timothy Farrell, AHMA president and CEO said: “It is encouraging to see 58% of our members reporting higher sales on a year-over-year basis, but we continue to feel that sales have a potential to be even better for our industry. When the housing sector recovers to pre-recession levels and the national employment situation improves, we expect to see much more robust sales growth for the industry.”
Looking forward one year, 79% of respondents project sales will be higher, up from 60% who felt that way in February. Eleven percent of March respondents project sales will be even one year from now, and 11% project sales will be below current levels.
Orgill joins Home Improvement Research Institute
Memphis, Tenn.-based hardlines distributor Orgill is the latest home improvement player to join the Home Improvement Research Institute (HIRI).
HIRI, which ended 2012 with 77 members, is a membership-based, independent, not-for-profit organization of manufacturers, retailers, wholesalers and allied organizations in the home improvement industry.
Founded in 1847, Orgill describes itself as "the world’s largest independently owned hardlines distributor" and provides retailers across the United States and in more than 60 countries access to more than 60,000 products and retail services.
HIRI is managed by Lebhar-Friedman, the parent company of HCN.