Home Improvement is Growing

I am posting this little later than I would have wanted but it only confirms what I have been harping on since my first post.

Paul Raines, Home Depot executive vice president for U.S. stores, also said during a presentation at the 18th Annual Wachovia Securities Nantucket Equity Conference, monitored by webcast, that the retailer was seeing "a tremendous shift toward repair-remodel categories" as the slumping housing market leads consumers to curb big-ticket renovation projects.

He also added that while some suppliers were pressing the Atlanta-based chain for price rises, some vendors were willing to forgo such increases in order to gain sales volume.

http://www.reuters.com/article/marketsNews/idINN2441185420080624?rpc=44

Home Depot = Home Improvement

Food for thought: If demand is strong enough, which Paul Raines words support, HD will not need to put their inventory on sale, thereby maintaining margins.