Home Depot Raises Profit Forecast

The video discusses the strong performance of US store sales, focusing on Home Depot's strategy to capture market share by targeting Pro customers. It highlights the growth in e-commerce and supply chain improvements, which have contributed to Home Depot's success. The video also compares Home Depot with its rival Lowe's, noting differences in geographic presence and strategies.

What is the primary focus of Home Depot to increase their market share?

• Increasing advertising

• Reducing prices

• Targeting Pro customers

• Expanding the number of stores

What percentage did Home Depot's e-commerce grow in Q2?

• 10%

• 15%

• 19%

• 25%

Which strategy has Home Depot focused on to improve their online sales?

• Interconnected strategy

• Reducing product range

• Increasing store hours

• Hiring more staff

How does Lowe's differ geographically from Home Depot?

• More international locations

• More suburban locations

• More urban locations

• More rural locations

What acquisition did Lowe's make to expand into Canada?

• Rona

• Ace Hardware

• True Value

• Menards