Scheels to Close Last Hardware Store by 2026, Shifting Focus to Sporting Goods
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 day ago
0mins
Should l Buy HD?
Source: Yahoo Finance
- Strategic Shift: Scheels Home & Hardware announced the closure of its last hardware store in Fargo by the end of 2026, redirecting focus to its core sporting goods business, demonstrating the company's adaptability to changing market demands.
- Historic Brand: Founded in 1902, Scheels has evolved significantly over its 120-year history, currently operating 34 sporting goods stores with approximately 13,000 employees, reflecting its sustained influence in the retail sector.
- Competitive Market Pressure: In Fargo, Scheels faces intense competition from Home Depot, which held a 28% market share in 2025, highlighting the increasing competition in the hardware retail industry that has prompted Scheels to adjust its business strategy.
- Employee Transition Plan: Following the hardware store closure, Scheels will provide opportunities for employees to transition to other sporting goods stores, demonstrating the company's commitment to employee welfare and responsibility.
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Analyst Views on HD
Wall Street analysts forecast HD stock price to rise
23 Analyst Rating
17 Buy
5 Hold
1 Sell
Moderate Buy
Current: 322.640
Low
320.00
Averages
401.47
High
441.00
Current: 322.640
Low
320.00
Averages
401.47
High
441.00
About HD
The Home Depot, Inc. is a home improvement retailer. It offers its customers an assortment of home improvement products, building materials, lawn and garden products, decor products, and facilities maintenance, repair, and operations (MRO) products, in stores and online. It also provides a number of services, including home improvement installation services, and tool and equipment rental. It operates over 2,359 stores located throughout the U.S. (including the Commonwealth of Puerto Rico and the territories of the U.S. Virgin Islands and Guam), Canada, and Mexico. Its stores average over 104,000 square feet of enclosed space, with over 24,000 additional square feet of outside garden area. It also maintains a network of distribution and fulfillment centers, as well as mobile applications and e-commerce websites in the U.S., Canada, and Mexico. It serves two primary customer groups, including both do-it-yourself (DIY) and do-it-for-me (DIFM) customers and professional customers (Pros).
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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Scheels to Close Last Hardware Store by 2026, Shifting Focus to Sporting Goods
- Strategic Shift: Scheels Home & Hardware announced the closure of its last hardware store in Fargo by the end of 2026, redirecting focus to its core sporting goods business, demonstrating the company's adaptability to changing market demands.
- Historic Brand: Founded in 1902, Scheels has evolved significantly over its 120-year history, currently operating 34 sporting goods stores with approximately 13,000 employees, reflecting its sustained influence in the retail sector.
- Competitive Market Pressure: In Fargo, Scheels faces intense competition from Home Depot, which held a 28% market share in 2025, highlighting the increasing competition in the hardware retail industry that has prompted Scheels to adjust its business strategy.
- Employee Transition Plan: Following the hardware store closure, Scheels will provide opportunities for employees to transition to other sporting goods stores, demonstrating the company's commitment to employee welfare and responsibility.
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See More
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- Strategic Shift: Scheels Home & Hardware announced the closure of its last hardware store in Fargo by the end of 2026, redirecting focus to its core sporting goods business, demonstrating the company's adaptability to changing market demands.
- Historic Brand: Founded in 1902, Scheels has evolved significantly over its 120-year history, currently operating 34 sporting goods stores with approximately 13,000 employees, reflecting its sustained influence in the retail sector.
- Competitive Market Pressure: In Fargo, Scheels faces intense competition from Home Depot, which held a 28% market share in 2025, highlighting the increasing competition in the hardware retail industry that has prompted Scheels to adjust its business strategy.
- Employee Transition Plan: Following the hardware store closure, Scheels will provide opportunities for employees to transition to other sporting goods stores, demonstrating the company's commitment to employee welfare and responsibility.
See More
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- EverQuote Upgrade: Analyst Gary Alexander upgraded EverQuote from Hold to Buy, highlighting the successful integration of AI tools like SmartCampaign, which has tripled revenue per employee since 2023, positioning the company for continued growth, although its stock is still considered cheap.
- Peabody Energy Outlook: Bang For The Buck upgraded Peabody Energy from Hold to Buy, viewing recent share price weakness as an attractive entry point, with improving coking coal prices and the ramp-up of the Centurion project expected to materially boost earnings from the Seaborne Metallurgical segment.
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See More
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- Strong Earnings Growth: S&P 500 companies are projected to see a 28.2% year-over-year increase in earnings for Q1, marking the highest growth since Q4 2021, which boosts investor confidence amid economic recovery.
- AI Investment Boost: Five major AI hyperscalers are expected to invest $751 billion in capital expenditures by 2026, significantly driving earnings growth in related sectors, particularly semiconductor and tech hardware firms, highlighting the profound impact of AI technology on the economy.
- Stable Economic Backdrop: Despite challenges from rising energy prices, the median earnings growth for S&P 500 companies stands at 12.2%, indicating stronger resilience among businesses in uncertain environments and enhancing market optimism for future earnings.
- Market Valuation Adjustment: The S&P 500's price-to-earnings ratio has decreased from 23.5 to 21.2, yet strong earnings growth continues to support stock market gains, as investors remain focused on the sustainability of earnings, particularly amid ongoing tensions in the Middle East.
See More
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- Intensifying Competition: General Mills (GIS) faces pressure from lower-cost health-focused alternatives, and while its stock rose 0.35% on Tuesday, shifting consumer preferences may undermine its long-term stability.
- Sales Decline: Wendy's (WEN) reported an 8.3% year-on-year drop in global systemwide sales for Q4 and expects flat sales in 2026, with its stock hitting a 13-year low of $6.37, indicating heightened price sensitivity among consumers.
- Renovation Demand Weakens: Home Depot (HD) is challenged by a slowdown in large-scale home renovations, as high mortgage rates hinder spending, leading to a 3.8% year-on-year revenue decline despite better-than-expected profits and sales in the latest quarter.
- Market Volatility: All three companies hit fresh 52-week lows, reflecting deeper strains in the American middle-class economy, highlighting shifts in consumer behavior and widening economic divides.
See More
The Home Depot to Hold Q1 Earnings Call on May 19
- Earnings Call Announcement: The Home Depot will hold its Q1 earnings call on May 19 at 9:00 AM ET, aimed at providing investors and analysts with insights into its latest financial performance and market trends.
- Webcast Access: Investors can access the conference call via the company’s website, ensuring transparency and enhancing communication with shareholders, with the webcast archived for later viewing after the call concludes.
- Company Scale and Impact: As of the end of fiscal 2025, The Home Depot operates 2,359 retail stores and over 1,250 SRS locations globally, employing more than 470,000 people, showcasing its leadership in the home improvement retail market.
- Market Position: As the world's largest home improvement retailer, The Home Depot's stock is listed on the NYSE and included in the Dow Jones Industrial Average and S&P 500, reflecting its significant influence in the capital markets.
See More
