Ridgid Tools Establish Exclusive Sales Partnership with Home Depot
What happened
Ridgid has entered an exclusive sales partnership with Home Depot, making the retailer the sole seller of Ridgid tools. Ridgid products are known for their 18V battery platform and Lifetime Service Agreement. The company recently added three new power tools, including items from the Nuke SubCompact Brushless family, to its lineup.
From slashgear.com
Why it matters
The exclusive retail agreement changes the distribution model for Ridgid tools. This shift in sales channels could impact the market position of competing tool manufacturers and online retailers that previously sold the products.
From slashgear.com
Who's involved
- RidgidAmerican tool manufacturer entering an exclusive retail partnership
- Emerson ElectricParent corporation that owns Ridgid
- Techtronic IndustriesManufacturer of products under the Ridgid brand
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
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The entities involved
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Ridgid
American tool manufacturer
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