Wal-Mart' s Sam' s Club recently announced that it will enter the home improvement industry during this busiest season in the home improvement industry to seize market share in the home improvement industry.

In the past year, the home improvement business has flourished, especially when Americans have closed their homes.

In order to catch up with the industry's predecessors, this membership-based retail store will cooperate with Service Finance, a subsidiary of ECN Capitol, to announce plans to launch Sam's club Home Install Experts by Service Finance.

It is said that this service connects members with local home improvement contractors who provide a range of services from HVAC, roof, siding, door and window installation to bathroom and kitchen renovation and flooring products.

To attract more consumers, Sam's Club will provide members with additional discounts and installment payment services through Service Finance Dealers.

Sam's Club is now trying to take a share of the home improvement industry, and company executives said its "cooperative relationship with Service Finance will bring about significant changes."

Kevin O'Connor, Senior Vice President and General Sales Manager of Sam's Club, said: "By cooperating with Service Finance's reputable distributors, our members not only gain value-added membership services, but also get the guarantee of trusted suppliers. "

According to Liz Suzuki, senior retail analyst at Bank of America Securities, the home improvement market is currently dominated by other heavyweights in the industry. The two largest brands, Lowe's and Home Depot, together account for 30% of the US home improvement market, with revenues of US$132 billion and $90 billion.

In 2020, the sales of home improvement sales and services in the United States will be approximately US$767 billion, which is “equivalent to the 20th largest economy in the world,” she said.