We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Home Depot Expedites Delivery Services to Enrich Customer Experience
Read MoreHide Full Article
The Home Depot, Inc. (HD - Free Report) is experiencing benefits from its One Home Depot plan, which focuses on expanding the supply chain, technology investments and digital enhancements. The company has been making strategic moves to enrich customers’ experience.
In the latest move, the company has collaborated with Uber Eats and DoorDash to expedite delivery services. Customers can now avail home-improvement products, including essential tools, building materials and gardening supplies, among others, at their doorsteps via delivery through Uber Eats and DoorDash.
Customers, including professional contractors and do-it-yourself enthusiasts, can browse a wide range of Home Depot products through its more than 2,000 U.S. locations for on-demand or scheduled delivery in real-time. However, prices might vary for these delivery providers given their own fees. The delivery through Uber Eats will have standard delivery charges along with a service fee for orders via the app.
Home Depot has earlier partnered with Instacart, a renowned grocery technology company in North America, to provide same-day delivery. Consumers can now choose from a broader range of home-improvement items on Instacart's platform as well, ranging from garden and building supplies to light fixtures. These items will be delivered directly and quickly to the customers’ doorstep.
Apart from the existing same-day delivery options on homedepot.com, teaming up with Instacart, Uber Eats and DoorDash allows the company to offer flexibility for customers. Such alliances boost its e-commerce capabilities and tap extra sales and higher profits.
More on Home Depot
Home Depot remains focused on expanding its business and is positioned to capture market share. The company has been actively investing in creating a seamless, interconnected experience for customers, enhancing the pro wallet through its unique ecosystem of capabilities and expanding its store footprint.
The company’s interconnected retail strategy and robust technology infrastructure have consistently increased web traffic for quite some time now. Improved search capabilities, an enhanced Pro site experience and strong fulfillment capabilities have been driving online conversions. This Zacks Rank #2 (Buy) company’s strategy of providing an interconnected experience resonates well with customers.
Image Source: Zacks Investment Research
Buoyed by such strengths, shares of this home-improvement retailer have gained 21% compared with the industry’s 23.3% growth in a year.
The Zacks Consensus Estimate for Deckers’ current financial-year sales indicates growth of 13.6% from the year-ago figure. DECK delivered an average earnings surprise of 41.1% in the trailing four quarters.
Abercrombie, a leading casual apparel retailer, currently sports a Zacks Rank of 1. ANF delivered an earnings surprise of 16.8% in the last reported quarter.
The consensus estimate for Abercrombie’s current financial-year sales indicates growth of 13% from the year-ago figure.
Boot Barn, a lifestyle retail chain devoted to western and work-related footwear, apparel and accessories, currently carries a Zacks Rank of 2. The company has a trailing four-quarter earnings surprise of 6.8%, on average.
The Zacks Consensus Estimate for Boot Barn’s current financial-year sales indicates growth of 13.4% from the year-ago figure.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Home Depot Expedites Delivery Services to Enrich Customer Experience
The Home Depot, Inc. (HD - Free Report) is experiencing benefits from its One Home Depot plan, which focuses on expanding the supply chain, technology investments and digital enhancements. The company has been making strategic moves to enrich customers’ experience.
In the latest move, the company has collaborated with Uber Eats and DoorDash to expedite delivery services. Customers can now avail home-improvement products, including essential tools, building materials and gardening supplies, among others, at their doorsteps via delivery through Uber Eats and DoorDash.
Customers, including professional contractors and do-it-yourself enthusiasts, can browse a wide range of Home Depot products through its more than 2,000 U.S. locations for on-demand or scheduled delivery in real-time. However, prices might vary for these delivery providers given their own fees. The delivery through Uber Eats will have standard delivery charges along with a service fee for orders via the app.
Home Depot has earlier partnered with Instacart, a renowned grocery technology company in North America, to provide same-day delivery. Consumers can now choose from a broader range of home-improvement items on Instacart's platform as well, ranging from garden and building supplies to light fixtures. These items will be delivered directly and quickly to the customers’ doorstep.
Apart from the existing same-day delivery options on homedepot.com, teaming up with Instacart, Uber Eats and DoorDash allows the company to offer flexibility for customers. Such alliances boost its e-commerce capabilities and tap extra sales and higher profits.
More on Home Depot
Home Depot remains focused on expanding its business and is positioned to capture market share. The company has been actively investing in creating a seamless, interconnected experience for customers, enhancing the pro wallet through its unique ecosystem of capabilities and expanding its store footprint.
The company’s interconnected retail strategy and robust technology infrastructure have consistently increased web traffic for quite some time now. Improved search capabilities, an enhanced Pro site experience and strong fulfillment capabilities have been driving online conversions. This Zacks Rank #2 (Buy) company’s strategy of providing an interconnected experience resonates well with customers.
Image Source: Zacks Investment Research
Buoyed by such strengths, shares of this home-improvement retailer have gained 21% compared with the industry’s 23.3% growth in a year.
More Key Picks in Retail
We have highlighted three other top-ranked stocks, namely Deckers (DECK - Free Report) , Abercombie (ANF - Free Report) and Boot Barn (BOOT - Free Report) .
Deckers, a footwear and accessories dealer, currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Deckers’ current financial-year sales indicates growth of 13.6% from the year-ago figure. DECK delivered an average earnings surprise of 41.1% in the trailing four quarters.
Abercrombie, a leading casual apparel retailer, currently sports a Zacks Rank of 1. ANF delivered an earnings surprise of 16.8% in the last reported quarter.
The consensus estimate for Abercrombie’s current financial-year sales indicates growth of 13% from the year-ago figure.
Boot Barn, a lifestyle retail chain devoted to western and work-related footwear, apparel and accessories, currently carries a Zacks Rank of 2. The company has a trailing four-quarter earnings surprise of 6.8%, on average.
The Zacks Consensus Estimate for Boot Barn’s current financial-year sales indicates growth of 13.4% from the year-ago figure.