Home Depot & Lowes: Unfair Advantage

摘要

We don't have the final numbers in for our industry's performance for 2020. During the second quarter of 2020, most flooring stores were forced to be closed. If they could sell at all it was all sorts of rules from the state for what they could and could not do. The industry probably faced a 60 percent decline in sales for those three months. The good news is that, as stores began to open, the demand was pretty great. In particular, the residential replacement component was very strong. But the activity was mixed as states forced stores to curtail activity or even close into the third quarter as COVID-19 came roaring back. It's why we expect our industry will show a very small dollar increase in sales over 2020.