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Home Improvement Market Sees Surge During Pandemic

PALM BEACH,  Fla., Oct. 13, 2020 /PRNewswire/ — Analysts expect home improvement spending to reach $439.9 billion in 2020 – In the time of a global pandemic, there is indeed no place like home. As millions of Americans practice social distancing while working and learning remotely, the home has become the focal point of our lives. The desire to make residences safer, more comfortable and more enjoyable has led to a home improvement boom.   Mentioned in today’s commentary includes:  NeoVolta (OTCQB: NEOV), Tesla (NASDAQ: TSLA), Home Depot (NYSE: HD) and Lowe’s (NYSE: LOW).

The Home Improvement Research Institute predicts Americans will spend $439.9 billion on home improvement products in 2020. The online home remodeling platform Houzz reports that demand for kitchen and bath remodeling was up 40% year over date in June 2020, while home additions increased 52% and fencing projects jumped 166%. Pool and hot tub installations are seeing a wave of strong demand across the country. 

Home renewable energy is also seeing a surge as storage batteries are being installed in more households. According to the U.S. Energy Storage Monitor, the energy storage industry saw record-breaking deployments during the second quarter of 2020, and rapid expansion is expected to continue. A total of 168 MW and 288 MWh of energy storage was deployed in the quarter, second only to Q4 2019 as the highest on record, according to the joint report by Wood Mackenzie and the U.S. Energy Storage Association.

With Americans nesting like never before, four of the companies active in-home improvement are: NeoVolta (NEOV), Tesla (TSLA), Home Depot (HD) and Lowe’s (LOW).

NeoVolta (OTCQB: NEOV) – San Diego based NeoVolta, whose stock is trading around $4 per share, is the only pure-play energy storage company on this list. Recently NeoVolta announced an exclusive distribution

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September sees “big improvement” in retail sales growth | Business

The BRC has released figures covering the five weeks from 30th August-3rd October 2020, showing a sales increase of 5.6% on a total basis.

In September, UK retail sales increased 6.1% on a like-for-like basis from September 2019, when they had decreased 1.3% from the preceding year.

Over the three months to September, in-store sales of non-food items declined 12.3% on a total and 9.5% on a like-for-like basis. This is better than the six-month and 12-month total average declines of 29.6% and 18.8% respectively. Over the three-months to September, non-food retail sales increased by 5.2% on a like-for-like basis and 3.2% on a total basis.

Online non-food sales increased by 36.7% in September, against a growth of 3.5% in September 2019. This is below the three-month average of 39.7% but above the 12-month average of 26.3%.

“September saw a big improvement in retail sales growth, however sales over the last six months are still down on the previous year,” said Helen Dickinson OBE, chief executive, British Retail Consortium. “Tighter coronavirus restrictions have continued to hold back clothing and footwear, particularly as the Government further restricts social events. With office workers still at home for foreseeable future, the sales of electronics, household goods and home office products have remained high.

“September sales have also given retailers early signs that consumers are starting their Christmas shopping earlier this year, which retailers are encouraging their customers to do in order to manage demand at Christmas and keep people safe. However, store-based sales, excluding food are still in double-digit decline.

“The industry is beginning to recover, however, forced store or warehouse closures during any future lockdowns could put paid to this progress. Retailers have invested hundreds of millions in making their premises COVID-secure, with perspex screens, social distancing, additional staff and hygiene measures.

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National Electrical Contractors Association Sees Massive Success with First Virtual Convention

WASHINGTON, Oct. 9, 2020 /PRNewswire/ — The National Electrical Contractors Association is proud to announce the success of NECA 2020 LIVE, sponsored by Powering Chicago, the association’s first ever virtual convention and trade show. From Oct. 6–8, NECA 2020 LIVE saw 5,104 live participants interact with nearly 100 exhibitors, experience 84 education sessions and product demos from 22 companies, and network virtually with the entire electrical construction industry.

NECA 2020 LIVE, sponsored by Powering Chicago, saw 5,104 participants during the live event, with more to come as content is archived until November 15.

All NECA 2020 LIVE content will be available for registrants through November 15, providing an unprecedented opportunity to explore every second of education and entertainment for the first time in NECA Convention history. New registrations will also be available throughout that time for those interested to explore all that NECA has to offer.

“When we began planning NECA 2020 LIVE, we had great ambitions, but you never quite know how attendees are going to respond to such a massive change,” said Beth Ellis, NECA Executive Director of Convention & Meetings. “We were absolutely floored by the response, with thousands of NECA members and other electrical industry figures all coming together and using our platform to engage with each other in ways they had not done all year. We could not be more thrilled to see this success and hear how great the experience was both for loyal NECA Convention attendees, and those who had never been able to travel before.”

NECA intends to utilize virtual options for all major events going forward, but there will still be an emphasis made on bringing the entire industry together in one physical location once that is possible.

“I am so proud of our incredible staff and the entire association for all the hard work that led to the success of NECA 2020 LIVE,” said NECA CEO David Long. “When we made

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National Electrical Contractors Association Sees Massive Success with First Virtual Convention | News

WASHINGTON, Oct. 9, 2020 /PRNewswire/ — The National Electrical Contractors Association is proud to announce the success of NECA 2020 LIVE, sponsored by Powering Chicago, the association’s first ever virtual convention and trade show. From Oct. 6–8, NECA 2020 LIVE saw 5,104 live participants interact with nearly 100 exhibitors, experience 84 education sessions and product demos from 22 companies, and network virtually with the entire electrical construction industry.

All NECA 2020 LIVE content will be available for registrants through November 15, providing an unprecedented opportunity to explore every second of education and entertainment for the first time in NECA Convention history. New registrations will also be available throughout that time for those interested to explore all that NECA has to offer.

“When we began planning NECA 2020 LIVE, we had great ambitions, but you never quite know how attendees are going to respond to such a massive change,” said Beth Ellis, NECA Executive Director of Convention & Meetings. “We were absolutely floored by the response, with thousands of NECA members and other electrical industry figures all coming together and using our platform to engage with each other in ways they had not done all year. We could not be more thrilled to see this success and hear how great the experience was both for loyal NECA Convention attendees, and those who had never been able to travel before.”

NECA intends to utilize virtual options for all major events going forward, but there will still be an emphasis made on bringing the entire industry together in one physical location once that is possible.

“I am so proud of our incredible staff and the entire association for all the hard work that led to the success of NECA 2020 LIVE,” said NECA CEO David Long. “When we made

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The Latest: Pennsylvania sees most confirmed cases in months | National News

ROME — Italy has added Belgium, the Czech Republic, the Netherlands and the United Kingdom to its list of countries at risk for the coronavirus.

Visitors from the four countries, as well as previous list members Spain and France, must be tested on arrival in Italy or show proof of a negative test in the past 72 hours.

Italian Health Minister Roberto Speranza signed the ordinance on Thursday, the same day Italy’s new confirmed caseload passed 4,400, the highest levels since April.

Italy still has one of the lowest infection rates in Europe, at 52 cases per 100,000 residents over the last two weeks. By contrast, the Czech Republic counts 374 per 100,000, while Spain has 303, the Netherlands 285, France 257, Belgium 246, and the United Kingdom 201 per 100,000.

YANGON, Myanmar — Myanmar reported 1,012 new cases of the coronavirus a day after setting a record daily total of 1,400.

Authorities implemented a tight lockdown measures in Yangon, the country’s largest city with the highest number of infections.

Myanmar’s leader, State Counsellor Aung San Suu Kyi, says the government had acquired antigen test kits to quickly detect positive cases. She acknowledged a shortage of beds in hospitals in some areas to treat patients but said the health ministry was arranging more facilities.

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