Home Depot is continuing its hot streak with yet another banger of a quarter—Q3 sales came in at $36.8 billion, easily beating Wall Street forecasts. Their year-over-year sales continue to climb, increasing 5.5% in the US and 6.1% globally; this year alone, their stock has soared nearly 50%, currently trading at a record high.
Fast-food chains across the country and around the world are finding that they cannot keep key ingredients and supplies in stock, limiting the availability of certain menu items and hindering operational efficiency. We are talking about basic items here like Frozen French Fries, produce, meats, condiments, and even paper bags and napkins.
Brick and mortar is tough these days. Customer tastes and fashion trends are as fast and fickle as ever, deep discounting has taught customers to reject full price items, and the speed, convenience, and selection of e-commerce have all made the landscape competitive at best, cutthroat at worst. This leaves stores with two interrelated tasks: scale back their physical footprint while building out their online capabilities.