The Home Depot Inc.
) announced the acquisition of Blinds.com, the global leader in
online window coverings. However, Home Depot did not disclose the
BUILDERS FIRSTS (BLDR): Free Stock Analysis
HOME DEPOT (HD): Free Stock Analysis Report
LUMBER LIQUIDAT (LL): Free Stock Analysis
LOWES COS (LOW): Free Stock Analysis Report
To read this article on Zacks.com click here.
The company, competing with
Lowe's Companies Inc.
), stated that this strategic acquisition will help it expand in
the fast-developing online window draping market. Also, it would
enable Home Depot to derive benefits from Blinds.com's expertise
in sales and service.
Blinds.com, based in Houston, has been selling window drapes for
almost 12 years through its network of highly qualified
professionals. It caters to customers through phone, video calls
and chats and over the past seven years innovated and constructed
a simple and flawless mobile and web experience.
Home Depot, which currently has inter-connected retail methods
underway, will work toward extending Blind.com's technology to
its stores and website following the acquisition in order to
achieve its goal of enhancing the purchasing process for window
Blinds.com, which is collaborating with Home Depot, will still
have its management team stationed and working at Houston. From
its headquarters, the company will continue to focus on
strengthening its brands, enhancing customers' experience and
maintaining its exclusive service culture. As per the Chief
Executive Officer (CEO) of Blinds.com, Home Depot would be an
ideal partner, supporting the long-term goals of the company.
Home Depot is a leading player in the highly-fragmented home
improvement industry, with over 2,200 retail stores across the
globe, offering a diverse range of branded and proprietary home
improvement items, building materials, lawn and garden products,
and related services. The company has implemented significant
changes in its store operations to make them simpler and
customer-friendly. These initiatives are expected to induce more
traffic to its stores.
The company benefitting from resurgence in the housing market,
currently holds a Zacks Rank #2 (Buy). Other stocks in the home
improvement industry that warrant a look include
Lumber Liquidators Holdings Inc.
Builders FirstSource Inc.
), both carrying a Zacks Rank #2 (Buy).