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Home Depot rebounds from dampened spring sales

August 14, 2018

Home Depot suffered from external forces that dampened spring sales, and the declining U.S. housing market could further undermine its momentum. But not by much, according to GlobalData Retail Managing Director Neil Saunders.

“The 8.4% uplift in sales along with the supporting 8% rise in comparables is partly the result of a rebound in seasonal improvement activities after bad weather during the first quarter delayed projects,” he said in comments emailed to Retail Dive. “While we believe that some of the lost sales have now been recaptured, the first half growth figure of 6.6% remains a little below average and suggests that some impulse-based trade was lost.”

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