Home Depot (NYSE:HD) has dominated retail like almost no other company in recent years. The home-improvement leader continues to put up strong comparable sales and profit numbers while its brick-and-mortar cousins in department stores, electronics, and apparel struggle. Through a combination of smart management and a booming housing industry, shares have soared over the last five years.
Who’s been driving Home Depot’s strong growth? Let’s take a look at some of its key customer groups.