Richelieu, Home Depot build up imports as fix-at-home demand grows

China 2731 Cons. Discr. - Durables 391 Cons. Discr. - Retailing 357 Coronavirus 472 Earnings 566 U.S. 4856

Richelieu Hardware, a retailer with locations in Canada and the U.S., released FQ4’20 revenues (to Nov. 30) which climbed 17.6% higher year over year and beat analysts’ estimates by 8.0%. Pandemic-linked demand for home repairs as people have more time and cash diverted from leisure spending is a likely driver. U.S. seaborne imports linked to the firm climbed 45.4% year over year in the three months to Nov. 30 and increased by a further 135.9% in December. The firm’s supply chain structure has been largely unchanged in the past 12 months with China accounting for 75.4% of shipments. Rich...

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