Home Depot’s home décor business generates positive comps
Atlanta – Home Depot remains bullish about its business this year, coming off a booming second quarter.
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Comp sales for the second quarter ended July 31 were up 5.8% on a consolidated basis and up 5.4% in the U.S. Same-store sales in its home décor division, which exists largely online, were positive although slightly below the company average, execs said.
During the quarter, the home improvement giant expanded its StyleWell private label décor brand into kids’ bedding and bath. Home Depot is the 12th largest seller of home textiles in the U.S. market, with 2021 sales of more than $760 million.
Total company sales rose 6.5% to $43.8 billion. Net earnings were up 7.6% to $5.17 billion.