New Survey Says Execs Anticipate Elevated Demand by New Yr and Past

MOORESVILLE, N.C., Nov. 2, 2021 /PRNewswire/ — House enchancment professionals say they posted a banner 12 months and see no slowdown in sight, in accordance with Lowe’s new, proprietary Professional Pulse Survey.* Whereas most Execs use the 12 months’s finish to wrap initiatives and reset, greater than 70 p.c of survey respondents anticipate to be busier than ever this winter. Fortunately, Lowe’s is right here to assist.

“As a part of our dedication to raised perceive what Execs need and want, we’re utilizing strategies just like the Professional Pulse Survey to listen to instantly from Execs,” stated Fred Stokes, Lowe’s senior vice chairman, professional gross sales and repair. “Execs say they’ve been working more durable than ever to maintain up with the demand for house enchancment initiatives, so we have rolled up our sleeves to assist them restock and resupply with occasions like PROvember and particular offers all vacation season lengthy.”

There’s an elevated demand for skilled assist with house enchancment initiatives, with 80 p.c of survey respondents saying now greater than ever there’s a want for house enchancment professionals. Execs reported a median of almost 11 initiatives per 30 days in 2021 and anticipate that to extend by 45 p.c in 2022.

To assist Execs navigate the vacation season and put together for the busy 12 months forward, Lowe’s has launched its first-ever Lowe’s Professional “Toy” Catalog to function a information of merchandise and financial savings. In keeping with the survey, 82 p.c of Execs say the vacations are a time to reward groups for his or her laborious work and 79 p.c plan to benefit from vacation offers to buy instruments and job provides. The web catalog is out there at Lowes.com/ProToyCatalog, and contains:

• Prime PROvember offers: A complete month devoted to Execs when Lowe’s presents offers, in-store demos, welcome kits for brand spanking new Lowe’s For Execs Loyalty program members and a particular sweepstakes for Loyalty members
• Prime Professional “toys” of the season: The must-have instruments and provides to assist Execs with all of their vacation buying wants, whether or not restocking their very own toolbox or gifting their crew
• Prime ideas and picks from Lowe’s Professional Ambassadors: Lowe’s has enlisted a brand new group of trade specialists to offer counsel on its product and repair choices for Professional clients, in addition to share their wealth of information on how they’re prepping for 2022. Members embody specialists and influencers corresponding to carpenter Darren Keefe; trade voice Victoria Downing; Roger Wakefield, The Skilled Plumber; and plenty of extra.

Further key findings from Lowe’s Professional Pulse Survey embody:

Execs are prioritizing performance and effectivity in 2022.

• Execs anticipate to see elevated demand in 2022 for initiatives aimed toward including performance for owners – with the #1 venture anticipated to be updates for power effectivity
• 69 p.c of Execs are shifting away from gas-powered instruments for battery-powered instruments

Execs are optimistic about their careers and the 12 months forward.

• On a scale of zero to 10, Execs on common price their optimism about their occupation a 9 out of 10
• 92 p.c of Execs are glad of their job as a house enchancment skilled

Along with serving Execs this vacation season, Lowe’s is dedicated to serving to Execs by improved buying experiences all 12 months lengthy. Enhanced Professional choices embody new in-store services and products, corresponding to a devoted Professional checkout; Lowe’s For Execs Loyalty program; versatile credit score choices; in addition to new manufacturers and product improvements, such because the launch of FLEX energy instruments and SPAX fasteners. For extra info on the newest for Execs, please go to Lowes.com/Pro.

*TRUE World Intelligence, on behalf of Lowe’s, fielded an internet survey of 1,000 house enchancment professionals within the U.S. aged 18 and older between September 22 and 28, 2021.

About Lowe’s
Lowe’s Corporations, Inc. (NYSE: LOW) is a FORTUNE® 50 house enchancment firm serving roughly 20 million clients every week in the US and Canada. With fiscal 12 months 2020 gross sales of almost $90 billion, Lowe’s and its associated companies function or service greater than 2,200 house enchancment and {hardware} shops and make use of over 300,000 associates. Primarily based in Mooresville, N.C., Lowe’s helps the communities it serves by applications centered on creating secure, inexpensive housing and serving to to develop the subsequent technology of expert commerce specialists. For extra info, go to Lowes.com.

Contact:
Olin Ericksen
Lowe’s Corporations, Inc.
[email protected]

SOURCE Lowe’s Corporations, Inc.

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