Home Depot (NYSE:HD) has announced that it will be dropping prices this holiday season. It’s quite natural that companies, retailers etc will drop prices on their goods for the holiday season. The reason is simple: To attract customers. Home Depot (NYSE:HD) has done the same. But what is surprising, is the fact that the retailer has dropped its prices 40 percent. What could have driven the company to become so generous? Or is it really an attempt to make some desperate sales?
Home Depot (NYSE:HD) claims that it is offering discount on 30,000 items. On some goods, such as Samsung French Door Refrigerators, Home Depot (NYSE:HD) is going as low as 45 percent. This means the price comes down to a mere 998 dollars. We should keep in mind that Home Depot (NYSE:HD)’s payback to Samsung will remain the same, as decided. It’s either amazing or stupid for offering such substantial price cuts. And there’s more to it: Free Home Delivery.
Home Depot (NYSE:HD) is adamant on making huge sales; the other reason could be that it desperately wants to liquidate some items. Home Depot (NYSE:HD) is offering 30 percent price cuts on electrical appliances such as washers and dryers. That’s actually intelligent, because most of the customers opt for such items during the holiday season. Considering most of the shopping is left to females, these items are bound to make big sales.
That’s all well and good but it’s still hard to wrap your head around the fact that Home Depot (NYSE:HD) will go as low as 40 percent and in some cases 45 percent. Either the retailer giant is covered financially or it’s a desperate attempt to lure in customers. Whatever it is, it’s a great lure set by Home Depot (NYSE:HD) to bring in customers and post some major sales. Since it’s a retailer, it’s bound to flourish because of the holiday season.
Nobody is offering 40 percent in the market, let alone retailers; and that too on 30,000 items. It’s too good to be true but Home Depot (NYSE:HD) has a good reputation in the market and it makes well on its word. The customers wouldn’t complain, nor will they show surprise. 40 percent is all they have ever wanted and waited for the whole year and they’ll barge in like a high ocean tide. One thing we must mention here that Home Depot (NYSE:HD)’s shares are trading fine, in fact fine is an understatement.
Home Depot (NYSE:HD) is enjoying its 52 week high these days and its only natural that the retailer has lowered the prices down to 40 percent. Home Depot (NYSE:HD) is quite sure customers would come in and cover up for the substantial price cuts. This holiday season, if you’re looking to shop ferociously, Home Depot (NYSE:HD) is the store which you need to visit.