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Thank you. Wondery.

I'm David Brown, and this is Business Wars Daily on this Thursday, April 11th.

During the pandemic, Hammers, paint, and shiplap began flying off the shelves at home supply stores. Folks seem to finally have the time and space to complete those home projects they've been

meaning to do for years. One beneficiary of all this? You know the one Home Depot, right? But over the

past year, those once booming sales have declined, falling 3% last year.

Put simply, fewer regular old folks are attempting DIY projects in their homes, which means

Home Depot is leaning harder into another segment of its customer base, pro-contractors working

on very large projects. Just days ago, the retailer announced it would acquire SRS distribution in a deal worth

more than $18 billion.

SRS sells goods for professional roofing projects and has been buying up local and regional

distributors that it operates under their own brands, according to the Wall Street Journal.

...