We always look forward to our delivery stops at various Home Depot stores along the East Coast! We’re happy to see that their stocks have continued to climb in recent years, despite the uncertainty surrounding brick and mortar stores.
A recent survey finds that Home Depot is popular among a very important demographic–millennials.
Homeownership among millennials is currently at 40%, a 6% increase from 2017. Plus, there is an additional 18% of millennials who say homeownership is very likely for them within the next 2 years. As the generation grows older, purchases homes, and increases in spending power, their preferences in where they shop are starting to impact Wall Street more dramatically.
The survey revealed that many millennials prefer to purchase older homes that they will fix up in order to save money. And when they need materials to take on these projects, they will likely head to Home Depot!
There is no denying that it is getting competitive to operate traditional brick and mortar stores, but millennials overwhelmingly prefer to purchase home supplies in-person, instead of online. And when asked what stores they prefer to shop at, Home Depot topped the list, followed by Lowes, Amazon, and Walmart.
At Roll-Off Dumpster Direct, we are proud to work with Home Depot and believe they can expect continued success for years to come. Click here to read the full story.