For many, the spring season exudes energy for spring cleaning and home improvement projects as the weather becomes nicer. Over the past two years, pandemic-fueled DIY home projects boosted sales of items such as showerheads, power tools and tiles by more than 30%.
With the fading of the pandemic and coming of high inflation, however, Americans might not be dedicating as much money toward those purchases this year. At the same time, aging homes in need of remodeling, along with higher real estate values, mean that major home improvement retailers will continue to experience significant sales hikes. And with that comes the need to manage an onslaught of costly returns.
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