4.6 • 716 Ratings
🗓️ 24 August 2020
⏱️ 6 minutes
🧾️ Download transcript
Today is Monday, August 24, and we’re looking at Home Depot vs. Lowe’s.
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1:05.5 | Thank you. McMillan Online Community. From Wondry, I'm David Brown, and this is Business Wars Daily on this Monday, August 24th. |
1:10.6 | I want you to join me for a trip down memory lane, back to the early days of the pandemic, all the way back in late April. Stay home orders were widespread. Many businesses were closed. Remote workers were in the middle of a Zoom boom, and a Harvard University report predicted that spending on home |
1:28.5 | remodeling was going to drop like a stone. Oh, how wrong they were. Turns out as people spent |
1:35.1 | more time at home, they got sick of their surroundings, and they decided to do something about it. |
1:40.2 | Since homeowners weren't spending money on movies, restaurants, or vacations, for the most part, |
1:44.5 | they began pouring those extra dollars into home improvements. |
1:47.9 | Think hot tubs, patios, decks. |
1:51.4 | By June, demand for outdoor remodeling professionals was up nearly 60% over the previous year, |
1:57.7 | so says home improvement platform house. |
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