Home Depot Has an Advantage Amazon Can't Take Away
Both Home Depot (NYSE: HD) and Amazon (NASDAQ: AMZN) are experiencing a surge in sales as a result of the COVID-19 pandemic. Each has benefited in unique ways: Amazon because people spent more online to reduce trips to the store, and Home Depot because it was deemed an essential business and allowed to keep its doors open during stay-at-home orders.
It isn't business as usual at Home Depot. It's increasing wages for most of its 400,000 employees and taking extra precautions to ensure the safety of its associates and customers. These changes are increasing expenses. Meanwhile, Amazon has been taking sales away from the entire brick-and-mortar industry. The e-commerce giant has partly driven the retail apocalypse. Still, Home Depot has Amazon beat in at least one area.
Source Fool.com
