4 Home Improvement Retailers to Keep Gaining Post-Pandemic

The COVID-19 pandemic has radically altered our lifestyle in 2020, making stay-at-home and social distancing practices the new normal. With more time being spent indoors, there has been an increasing focus on making homes well equipped for work-from-home, remote schooling and entertainment needs. As a result, home renovation and maintenance projects were widely undertaken. This certainly played out as an upside for players in the home improvements space.

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However, the scenario for 2021 is likely to be different. With vaccinations in sight and individuals spending more time outdoors for work and entertainment needs, focus on home-renovation works are likely to subside. Nevertheless, experts stated that not all pandemic-led favorable impacts will fade. They believe that work-from-home practices are likely to remain a prominent feature in 2021 as well. Moreover, the pandemic-induced habits of keeping homes well-maintained are likely to stay. Such practices are likely to keep favoring the demand for home improvement products.

Additionally, home improvement retailers are likely to continue benefitting from rapid urbanization trends. Also, the demand for products that cater to DIY (do-it-yourself) projects is likely to stay high. These include tools and products related to gardening and painting as well as minor maintenance and

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