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At Home Depot, a big-ticket surge

2/20/2018

Home Depot's chief merchant Ted Decker pointed to solid performance of core maintenance and repair categories, as well as many pro-focused categories during the second quarter.


So it's no wonder he said the company was "pleased" with its Q2 results.


"We continue to see notable strength with our pro customers," he said. "Pro sales grew faster than the company comp, led by our high-spend pro customers." Plus, high temperatures turned up the heat on the sales of air conditioning, fans and air circulation products.


During the company's second quarter conference call with investors, Decker provided the following numbers:


2.2%: growth of total comp transactions

2.5%: growth of average comp ticket

8.1%: growth of transactions for tickets over $900

1: rank of appliances among all merchandise departments in terms of comp growth

10%: minimum traffic growth of online business

50%: amount of online traffic through mobile and tablet

42%: amount of online orders using physical stores for fulfillment

90%: amount of online product returns processed through physical stores


As for products and the promotions in the pipeline, Decker pointed to several products that should appeal to buyers in the fall season. These include a DeWalt FelxVolt System, the Ryobi Garage Door Opener and the "first" digital decoration animated window projector kit.


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