Home Depot Steps Up Redbeacon Intro and 2 Other Dow Movers to Watch
Home Depot Inc. (NYSE:HD): Current price $75.74
The home improvement retailer is hurrying up the national launch of its online handyman referral service Redbeacon in order to take advantage of demand from homeowners who prefer not to do fix-it projects themselves. Chief Executive Anthony Rodio said in an interview that Redbeacon, which links consumers with plumbers, painters, carpenters, and maids, expanded last week via Home Depot to Washington, Oregon, Idaho, Utah, Montana, and Alaska, placing the service in 11 states as it goes nationwide over the next two years.
Redbeacon was founded by three former Google Inc. employees five years ago and is Home Depot’s third purchase since last year aimed at selling more home-installation projects.