The Home Depot will be seen in Washington, DC on August 18, 2020.
Nicholas Cam | AFP | Getty Images
The Home Depot said Tuesday that early releases of Halloween products were sold out quickly, demonstrating consumers are keen to decorate their homes this fall and winter.
Renovation retailers recently snooped on Halloween merchandise online and sold everything “almost instantly” to shoppers.
“This is a very strong sign that people are still engaged in decoration,” management told analysts in a conference call.
According to The Home Depot, its full assortment will be available in the coming weeks, in line with the regular schedule.
Last year, The Home Depot hosted the most successful Halloween event to date, with 12-foot skeletons sold out by October. Americans were looking for a way to entertain themselves at home during the health crisis, so they jumped at holiday decorations on both Halloween and Christmas. Many have seen decoration as a fun way to celebrate their holidays.
Companies such as Wal-Mart and Target want to benefit from similar trends this holiday season.
The raging delta mutants are increasing the number of cases of Covid-19, especially in areas with low vaccination rates. Five states broke the record for the average number of new Covid cases each day on weekends, and some states have reinstated public health measures.
Home Depot shares fell nearly 5% on Tuesday morning after retailers’ second-quarter same-store sales fell below Wall Street expectations. The Home Depot said the outlook for this year remains uncertain due to the pandemic.
The Home Depot sold out quickly from the early drops of Halloween decorations
Source link The Home Depot sold out quickly from the early drops of Halloween decorations