US home improvement stores disappearing
56
According to Market Watch, the home improvement sector has been shrinking in the US. The store count has declined nearly 12% since the peak level of 2007. The number of locations fell 1.1% year-over-year. Home Depot and Lowe’s account for about 45% of the subsector’s sales. The downward US trend makes us wonder when will Bunnings start to level off?