Home Depot's $300 giant skeleton helped drive record sales and was so popular that it sold out before October
- Home Deport has seen record
salesnumbers as the pandemic has kept customers home and led to a surge in home improvement projects.
- The company's latest quarter was particularly big, and few items symbolize that success better than the wildly popular 12-foot skeleton: Executives say it sold out before October even started, despite a $300 price tag.
Halloweenwas the strongest event we've ever had," Home Depotexecutives said on an investor call Tuesday morning.
In a year like 2020, it's no surprise that a lot of people were in the market for a 12-foot
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The company has seen huge sales increases throughout the year due to increased pandemic spending on home goods, maintenance, and DIY projects — increases which continued in its most recent quarter: Overall net sales beat analyst estimates, increasing 23.2% to $33.54 billion.Home Depot's Halloween event was a particularly strong driver of that growth, spurred by the massive success of Mr. Bones.
"Halloween was the strongest event we've ever had," executives said. Despite the ongoing pandemic's impact on employment and income, shoppers turned out more than ever for Halloween decorations. To help explain why that is, he compared holidays in 2020 to "what we've historically seen in storm markets."Though people are looking for supplies to survive and rebuild, they're also looking for "some kind of normalcy." And in 2020, a 12-foot giant skeleton helped to do just that. Got a tip? Contact Business Insider senior correspondent Ben Gilbert via email (email@example.com), or Twitter DM (@realbengilbert). We can keep sources anonymous. Use a non-work device to reach out. PR pitches by email only, please.
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