Wayfair’s Store Shopper – Idiosyncratic and more affluent than IKEA
As of late, we’ve been writing about the improving demand for housing-related retail , with the trend up after being in the dumps since 2022. We also see evidence of that improvement in the building confidence of the management teams of the related principal retailers in to the form of increased capital outlays– **Lowe’s **acquisitions of sheet rock distributor Foundation Building Materials and Artisan Design Group, and Home Depot’s $24B acquisitions of SRS and GMS.
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