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Compact Power Equipment Rental expands

BY HBSDealer Staff

With a new stand-alone location in Jacksonville, Florida, Compact Power Equipment Rental is pointing to strong business momentum.

The new Jacksonville Rental Center will offer a full fleet of heavy equipment, VIP Onsite Delivery , and a variety of small power tools. 

“Our business grew by leaps and bounds in 2016,” said Compact Power’s chief operating officer Richard Porter.  “It was a year during which we leveraged GPS technology to better manage our fleet, reached more customers in more markets and improved the equipment available to rent.  With this location in Jacksonville we’re taking another step to improve the rental experience and offer our customers the most convenient way to tackle their jobs.”

Jacksonville is the first of three stand-alone Compact Power Equipment Rental locations to open in 2017. Upcoming locations include Dallas, Texas and Fort Mill, South Carolina.

Compact Power grew over the last decade by collaboration with The Home Depot, in which the rental company owns maintains and repairs machines located at Home Depot stores. Today, Compact Power is found in more than 1,000 Home Depot locations and offers VIP Onsite Delivery in 43 markets.
 

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Houzz Stat: Industry Professionals Expect Revenue Growth

BY Erin Carlyle, Houzz

Revenue expected to rise in 2017. Houzz tracks seven industry groups: architects, interior designers, general contractors/remodelers/builders, design-build firms, building and renovation specialists, landscaping and outdoor specialists, and decorating specialists. And for 2017, nearly every group anticipates a significant boost in revenue growth. Architects, by contrast, are expecting revenue to rise at a slower pace than their colleagues in the other professions.

How will this revenue pile up? Among those firms expecting revenue growth, many groups — architects, interior designers, general contractors/remodelers/builders, design-build firms and decorating specialists — anticipate bringing in larger-budget projects this year.

Revenue up for many in 2016. About one-third of companies reported that 2016 was their best business year since 2007, the year the financial crisis hit. Two-thirds of firms reported revenue increases and called 2016 an above-average year in terms of business performance. Despite the growth, the pace of the revenue growth was slower in 2016 than during the prior two years.

Read the full 2017 Houzz State of the Industry Report here.

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HBSDealer Stock Watch: LL makes big moves

BY HBSDEALER Staff

LL jumped ahead more than 17% by the end of trading on Tuesday after beating expectations with its quarterly earnings.

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