Home Depot Posts Higher Sales as Transactions Continue to Drop

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Residence Depot second-quarter gross sales rose 6.5% as larger common spending per procuring journey greater than offset one other drop in transactions.

The house-improvement chain mentioned Tuesday that the typical quantity spent per transaction rose 9.1% throughout its second quarter whereas the overall variety of transactions fell 3%. Residence Depot’s transaction tally has fallen in every of the previous 5 quarters, unable to maintain tempo with a surge in home-improvement activity in the course of the first yr of the pandemic.

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