This chapter delves into Home Depot's strategic shift towards catering more to professionals, expanding their total addressable market by 50 billion, and their approach to growth without adding more stores. The discussion also touches on the cyclical nature of consumer spending, trends in remodeling projects, and the balance between residential and do-it-yourself aspects of the business.
Home Depot buys a distribution network for landscaping, roofing and pools.
(00:14) Bill Barker and Deidre Woollard discuss:
- Why Home Depot is buying a distribution network.
- The cyclical nature of home remodeling.
- If RH’s lofty goals are attainable.
(13:34) As a tribute to Daniel Kahneman, we revisit his 2013 conversation with Morgan Housel
Companies discussed: HD, RH
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Host: Deidre Woollard
Guests: Bill Barker, Morgan Housel, Daniel Kahneman
Producers: Mary Long, Ricky Mulvey
Engineer: Tim Sparks
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