Home Depot reports earnings before the bell — here's what analysts expect
It's been deemed an essential retailer in most states, so its stores have remained open. It's invested in e-commerce and online offerings, such as curbside pickup. And spring is historically the busiest time of the year for the home improvement industry.
The Atlanta-based retailer previously said it planned to invest $3.9 billion in 2020 toward further integrating its online business with its traditional stores. The year is set to be the peak of an $11 billion, three-year investment in the effort. The investments have helped Home Depot to shorten delivery time and develop a more user-friendly website. It's also sought to streamline curbside pickup with automated lockers for customers.
The company previously said it would hire 80,000 additional employees, with many part-time hires staffing its garden center, on par with spring hiring in recent years despite disruption from the coronavirus pandemic.major spring season promotions that drive foot traffic to stores, such as Black Friday-like events.
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