Lowe’s and Home Depot are both pushing to add more professionals to their customer base. Plus, Amazon is reportedly working on a department store rollout, and new luxury brands expect the pandemic to help them grow even after the outbreak subsides.
Data:
30K: Square footage of Amazon department stores planned for Ohio and California.
25%: Penetration for Lowe’s in the professional market.
80%: Share of retail sales made in physical stores.
45%: Portion of Home Depot’s retail sales comprised of professionals.
25%: Share of luxury retail purchases expected to come online by 2025.