Home Depot’s First-quarter Sales Rise 2.9 Percent | Reuters

Seattle startup throws hardhat into home improvement arena |
KING5.com Seattle

Credit: Reuters/Jonathan Ernst (Reuters) – Home Depot Inc (HD.N), the world’s largest home improvement chain, reported a 2.9 percent rise in quarterly sales as its spring selling season got off to a slow start. Home Depot’s net income rose to $1.38 billion, or $1.00 per share, in the first quarter ended May 4 from $1.23 billion, or 83 cents per share, a year earlier. Revenue rose to $19.69 billion from $19.12 billion. Comparable store sales increased 2.6 percent. http://www.reuters.com/article/2014/05/20/us-home-depot-results-idUSBREA4J0A320140520

People walk outside a Home Depot store in Washington February 20, 2012. REUTERS/Jonathan Ernst

TotalHousehold has a database of more than 1.3 million contractors nationwide in dozens of categories. It also has an extensive online library of home improvement information. Designed to bring the website to life, each meetup event will provide an open forum and the kind of information sharing never before possiblein addition to interacting with each other, homeowners will be able to meet with other homeowners contemplating projects and contractors will have the opportunity to network with other contractors in their area as well. The Connecticut Home Improvement Network plans to host a variety of themed events that cover specific topics such as energy efficiency, landscaping, swimming pool installation, kitchen remodeling and more. http://stratford.patch.com/groups/announcements/p/local-startup-launches-the-connecticut-home-improvement-network_ffd77a4a

Local Startup Launches The Connecticut Home Improvement Network – Town Square – Stratford, CT Patch

Is that enough to build up a following against not only the likes of Porch.com and Angie’s List, but also the brick-and-mortar sources of home renovation such as Lowe’s and Home Depot? “A lot of companies are providing more of a lead generation services, trying to connect up consumers with a pro,” said CEOMatt Williams. “We’re much more about the actual act of getting a job done – what is it you’re trying to get done, how much money it will cost and then let’s help you find someone who’s the right person for the job.” Williams’s startup experience is another advantage for Pro.com; the Amazon alumnus is a former CEOof online news aggregator Digg. His new company has raised $3.5 million in seed money from top venture firms Madrona Ventures of Seattle, Silicon Valley’s Andreesen Horowitz, and Amazon CEO Jeff Bezos’ personal investment fund, Bezos Expeditions. Williams said in Pro.com’s short life span, it has already lined up “tens of millions of dollars of jobs” for customers. http://www.king5.com/news/technology/Seattle-startup-throws-hardhat-into-web-based-home-improvement-arena-260109321.html


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