Home Depot currently gets around half of its sales from professional builders and contractors. According to the company’s executives on Tuesday’s (Aug. 13) second-quarter 2024 earnings call, the world’s largest home improvement retailer will need to continue to win over a greater share of this...
Home improvement app Thumbtack has received $70 million in new debt financing. The funding — from Silicon Valley Bank (SVB) and Hercules Capital — will help Thumbtack access new capital and liquidity, the company said in a Wednesday (July 30) news release. “We are one...
Stream Innovations has secured a $400 million warehouse facility from Goldman Sachs to expand its portfolio of home improvement loans. The company, which provides point-of-sale financing for home improvement and solar installations, currently has $670 million in loans under management and expects to originate $800 million...
The home improvement sector is getting its affairs in order while eyeing a macro improvement. That’s the news from home improvement retailer Lowe’s, which cited softer demand and ongoing headwinds — including a slowdown in home sales, higher interest rates and a pullback in consumer spending...
April 03, 2024
As economic pressures continue to constrain consumers’ spending power, Shipt is seeing on-demand delivery shoppers turn to deals and concentrate their engagement around peak times. In an interview with PYMNTS, Katie Stratton, chief growth officer at the Target-owned on-demand delivery aggregator, spoke to how consumers’ shopping habits have changed in the last year. “People crave […]
February 28, 2024
Ed O’Donnell, CEO of Versatile Credit, said that embedded finance can — and already is — transforming smaller businesses’ competitive dynamics. “Technology’s been the great equalizer,” he said, “for small-...
November 16, 2022
The nation’s second-largest chain of hardware stores said Wednesday (Nov. 16) that its commercial or “Pro” business grew 19% last quarter, as consumers continue to invest in home remodeling projects...
October 18, 2019
One of the basics of platform design and ignition is getting “anchor tenants” on board who — given their size, scale and profile — tend to attract other stakeholders to...
October 22, 2024
The home improvement business is reportedly expected to pick up, driven by lower interest rates and higher property values. More homeowners are borrowing against the rising value of their properties and considering spending on home repairs and renovations as interest rates drop, the Wall Street Journal (WSJ) reported Tuesday (Oct. 22). The home improvement business […]
July 31, 2024
Home improvement app Thumbtack has received $70 million in new debt financing. The funding — from Silicon Valley Bank (SVB) and Hercules Capital — will help Thumbtack access new capital...
June 13, 2024
Stream Innovations has secured a $400 million warehouse facility from Goldman Sachs to expand its portfolio of home improvement loans. The company, which provides point-of-sale financing for home improvement and solar...
April 30, 2024
Consumer finance company Synchrony has launched a partnership with contractor-focused software platform ServiceTitan. The collaboration is designed to make it easier for contractors to offer financing to customers, according to...
