The Home Depot said its customer transactions fell roughly 6 percent last quarter, but average spending rose 11 percent when consumers did shop.
For the three months ending Aug. 1, the world’s largest home improvement retailer said it served 482 million customers in the second quarter, down from 512 million a year ago, with an average transaction value that hit $82.48 this year versus about $74 in Q2 2020.
The Atlanta-based retailer – which has about 500,000 employees across almost 2,300 stores in all 50 U.S. states, the District of Columbia, Puerto Rico, the U.S. Virgin Islands, Guam, 10 Canadian provinces and Mexico – on Tuesday (Aug. 17) reported that it had $41.1 billion in sales for the second quarter of the fiscal year, up 8.1 percent ($3.1 billion) from the same time a year ago.
“I am very proud of our associates, who continue to demonstrate a relentless focus on serving our customers,” said Craig Menear, chairman and CEO, in the Home Depot announcement. “As a result of their efforts, we achieved a milestone of over $40 billion in quarterly sales for the first time in company history,” he said. “I would like to extend my sincere appreciation to our team, as well as our supplier and supply chain partners, as they continue to operate in this dynamic and challenging environment.”
Related news: Supply Chain Concerns Rise As Focus Shifts To Holiday Shopping
As companies gear up for the holiday shopping season, Home Depot is renting its own cargo ships as it tries to work around supply chain issues triggered by the ongoing COVID-19 pandemic, especially as the Delta variant has caused another surge in positive cases.
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NEW PYMNTS DATA: 58 PERCENT OF MULTINATIONAL FIRMS ARE USING CRYPTOCURRENCY
About: In spite of their price volatility and regulatory uncertainty, new PYMNTS research shows that 58 percent of multinational firms are already using at least one form of cryptocurrency — especially when moving funds across borders. The new Cryptocurrency, Blockchain and Global Business survey, a PYMNTS and Circle collaboration, polls 500 executives looks at the potential and the pitfalls facing crypto as it moves into the financial mainstream.
The Residence Depot stated its buyer transactions fell roughly 6 % final quarter, however common spending rose 11 % when shoppers did store.
For the three months ending Aug. 1, the world’s largest house enchancment retailer stated it served 482 million clients within the second quarter, down from 512 million a 12 months in the past, with a median transaction worth that hit $82.48 this 12 months versus about $74 in Q2 2020.
The Atlanta-based retailer – which has about 500,000 staff throughout virtually 2,300 shops in all 50 U.S. states, the District of Columbia, Puerto Rico, the U.S. Virgin Islands, Guam, 10 Canadian provinces and Mexico – on Tuesday (Aug. 17) reported that it had $41.1 billion in gross sales for the second quarter of the fiscal 12 months, up 8.1 % ($3.1 billion) from the identical time a 12 months in the past.
“I’m very pleased with our associates, who proceed to display a relentless deal with serving our clients,” stated Craig Menear, chairman and CEO, within the Residence Depot announcement. “Because of their efforts, we achieved a milestone of over $40 billion in quarterly gross sales for the primary time in firm historical past,” he stated. “I wish to prolong my honest appreciation to our workforce, in addition to our provider and provide chain companions, as they proceed to function on this dynamic and difficult atmosphere.”
Associated information: Provide Chain Considerations Rise As Focus Shifts To Vacation Purchasing
As firms gear up for the vacation purchasing season, Residence Depot is renting its personal cargo ships because it tries to work round provide chain points triggered by the continued COVID-19 pandemic, particularly because the Delta variant has brought about one other surge in constructive circumstances.
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NEW PYMNTS DATA: 58 PERCENT OF MULTINATIONAL FIRMS ARE USING CRYPTOCURRENCY
About: Despite their worth volatility and regulatory uncertainty, new PYMNTS analysis reveals that 58 % of multinational companies are already utilizing not less than one type of cryptocurrency — particularly when shifting funds throughout borders. The brand new Cryptocurrency, Blockchain and International Enterprise survey, a PYMNTS and Circle collaboration, polls 500 executives seems on the potential and the pitfalls dealing with crypto because it strikes into the monetary mainstream.
