Day: August 11, 2020

Home Improvement Spree Props E-commerce Stocks: 5 Picks

The coronavirus outbreak has swelled the traffic to online shopping platforms with more people at home due to lockdowns. And the demand for home décor has also gone up significantly with people finding the time to refurbish interiors.

Surge in online shopping of home furnishing products has boosted e-commerce businesses, dealing a massive blow to brick-and-mortar retailers.

Online Delivery Caters to DIY Customers

The use of do-it-yourself (DIY) products in home improvement is lower when compared to work outsourced. With excess time in hand along with the availability of free pick-up and delivery options for online purchases, the demand for DIY home improvement products has grown. Per a Bank of America poll, more than 70% of 1.054 Americans said that they have decided to take up home improvement projects, with more planned for 2021.

Home improvement retailer The Home Depot, Inc. HD recently announced plans of opening three distribution centers

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