Home Improvement Demand in 2024 Expected to Rebound Despite Temporary Slump, Says Lowe’s CEO
Atlanta, Georgia – Home improvement projects may not see a significant uptick this year, but experts believe that the current slowdown will only be temporary. Lowe’s, a major home improvement retailer, remains optimistic despite reporting a 6.2% decline in comparable sales for the quarter ending Feb. 2. The company anticipates a further 2% to 3% decrease in comparable sales for the entire year of 2024. Several factors contribute to the sluggish demand for home improvement …