HD Extends Agreement to Offer KILZ Products, Boosts Customer Experience

The Home Depot, Inc. HD is focused on creating a seamless experience for customers. The company has been progressing well on its "One Home Depot" investment plan, which focuses on expanding the supply chain, technology investments and digital enhancements.In the latest move, the company has extended its long-term relationship with Behr Paint Company to provide KILZ branded primer products across the United States and Puerto Rico. This agreement makes HD the sole home-improvement big box retailer to offer KILZ branded products, comprising KILZ Original, KILZ PVA, KILZ 2, KILZ 3 Premium, KILZ Restoration and KILZ Mold & Mildew as well as other primer products and aerosols.The latest agreement looks forward to offering products and brands that resonate well with the Pros’ requirements. The deal will enable the company to provide deep job lot quantities in-store and via its distribution channels. Notably, Behr Paint’s products have been sold at HD’s outlets since 1979.Home Depot has been expanding its Pro ecosystem, which has been a key growth driver. The company sees growth, with Pros engaging with elements of its pro ecosystem through the Pro Xtra program, deliveries to the job site and its B2B website. Delivering an exceptional shopping experience is critical for Home Depot's success.The company is making substantial investments in its Pro sales teams and capabilities. It remains on track with its strategic investments to build a Pro ecosystem that includes professional-grade products, exclusive brands, enhanced delivery, credit, digital capabilities, field sales support, HD rental and more. It continues to invest in Pro capabilities like enhanced fulfillment, more personalized online experience and other business management tools to drive deeper engagement with Pro customers.More on Home DepotHome Depot remains focused on expanding its business and is positioned to capture market share. The company has been creating an interconnected experience for customers, enhancing the pro wallet through its unique ecosystem of capabilities and expanding its store footprint. The company’s interconnected retail strategy and robust technology infrastructure have consistently increased web traffic for quite some time now. Improved search capabilities, an enhanced Pro site experience and strong fulfillment capabilities have been driving online conversions. This Zacks Rank #3 (Hold) company’s strategy of providing an interconnected experience resonates well with customers.Image Source: Zacks Investment ResearchHowever, shares of this home-improvement retailer have lost 10% compared with the industry’s 10.6% drop in the past three months.Key Picks in RetailWe have highlighted three better-ranked stocks, namely Boot Barn BOOT, Urban Outfitters URBN and Deckers DECK.Boot Barn, a lifestyle retail chain devoted to western and work-related footwear, apparel and accessories, currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here. The Zacks Consensus Estimate for Boot Barn’s current financial-year sales indicates growth of 14.9% from the year-ago figure. The company delivered a trailing four-quarter earnings surprise of 7.2%, on average.Urban Outfitters, a fashion lifestyle specialty retailer, currently sports a Zacks Rank of 1. URBN delivered an average earnings surprise of 28.4% in the trailing four quarters.The consensus estimate for Urban Outfitters’ current financial-year sales indicates growth of 5.9% from the year-ago figure.Deckers, a footwear and accessories dealer, currently has a Zacks Rank #2 (Buy). DECK delivered an average earnings surprise of 36.8% in the trailing four quarters.The Zacks Consensus Estimate for Deckers’ current financial-year sales indicates growth of 15.6% from the year-ago figure. Zacks Names #1 Semiconductor StockIt's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.See This Stock Now for Free >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report The Home Depot, Inc. (HD): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Urban Outfitters, Inc. (URBN): Free Stock Analysis Report Boot Barn Holdings, Inc. (BOOT): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks