The Home Depot competitors include
As the world's first and second-largest home improvement retailers, Home Depot and Lowe's share many similarities. They compete for a shared customer base across the U.S. and Canada.
The Home Depot, Inc. operates as a home improvement retailer. It sells various building materials, home improvement products, lawn and garden products, and décor products, as well as facilities maintenance, repair, and operations products.
Home Depot is a key competitor of Walmart that operates a physical retail network that directly competes with Walmart. The company's vast stores and differentiated product offerings help bring more customers into its stores.
Who are Walmart's biggest competitor? As of now, Walmart's biggest competitor by market share is Amazon. Operating over 10,500 stores and clubs worldwide, Walmart has slightly better financial metrics than its rival.
Walmart competitors include Costco, Amazon, Rakuten, Target and Sears Holdings Corporation. Walmart ranks 4th in Diversity Score on Comparably vs its competitors.
Home Depot tends to have a wider variety of exclusive products sold for slightly lower prices on average, while Lowe's brands seem to be more focused on stocking high-quality tools that first-time DIYers often require.
In 2022, Home Depot's annual sales amounted to over 157 billion U.S. dollars, whereas its main competitor, Lowe's, reached more than 97 billion U.S. dollars of sales.
1. Remember that Lowe's and Home Depot price match each other, so finding the cheapest name-brand items is easy. If you're shopping for name-brand items that both Lowe's and Home Depot carry, you can always get the lowest price between the two.
The Home Depot has been recognized on Fortune's 2023 Most Admired Companies list, ranking #1 in the specialty retail category and #20 overall. Fortune worked with Korn Ferry, surveying 1,500 companies and determined the best-regarded companies in 52 industries.
Home Depot offers its products under the brands of HDX, Husky, Hampton Bay, Home Decorators Collection, Glacier Bay, Vigoro, Everbilt, The Home Depot, LifeProof, and PetProof.
Home Depot is primarily owned by institutional investors like The Vanguard Group (9%) and BlackRock (6.8%) while top individual investors comprise Craig A. Menear, chairman, and the former chief executive officer; and chair, president, and CEO Edward P. Decker.
Following its acceptance of the tendered shares, The Home Depot completed the acquisition of HD Supply through a merger of Coronado Acquisition Sub Inc. with and into HD Supply. As a result of the merger, HD Supply became a wholly owned subsidiary of The Home Depot.
The Home Depot Inc. employees with the job title Staff Software Engineer make the most with an average annual salary of $125,064, while employees with the title Retail Sales Associate make the least with an average annual salary of $30,657.
Home Depot top selling categories are: Indoor Garden: 9.52% of total revenue ($14.99 billion) Appliances: 9.18% of total revenue ($14.46 billion) Electrical/Lighting: 8.73% of total revenue ($13.74 billion)
So why do the pros tend to go to Home Depot? Basham said that part of the reason was that professionals are often more brand-conscious. "They want to use products they know they can trust, and Home Depot has better brands," he said.
Half of Lowe's locations have a Home Depot within 2.23 miles and 77% have a location within 10-miles. This suggests that either (1) the brands see themselves as going after different customers in the same market or (2) they compete head-to-head for the same customers in the same places.
For instance, Home Depot often offers better prices than Lowe's but may not carry some specialty items, whereas Lowe's tends to carry more niche products but generally charges higher prices overall compared to Home Depot.
Lowe's has earned an impressive recognition courtesy of Fortune. The company made Fortune's Top 50 All-Star list of the "World's Most Admired Companies" for the first time since 2011, ranking No. 47.
No, Home Depot and Lowe's did not merge. Home Depot, founded in 1978, is the world's largest home improvement retailer, with 2,278 locations in North and Central America, as of 201Lowe's, founded in 1946, is the second-largest home improvement retailer and operates 2,015 stores in the United States, Canada, and Mexico.
No, Home Depot and Lowe's aren't owned by one company. They are both publicly owned by different entities. Neither Lowe's nor Home Depot own each other. Their shares are publicly available on the stock market and anyone who wishes to buy stock in either can do it.
Costco Wholesale Corp's (COST) main competitors in the highly competitive retail market of large discount stores are Walmart Inc. (WMT) and Target Corporation (TGT). These companies are also sometimes classified as consumer defensive stocks.
But with so many potential Amazon alternatives out there, which are the top competitors? Within the several industries it operates in, some of Amazon's top competitors include Alibaba, eBay, Walmart, Target, Netflix, Disney+, Microsoft Azure, Google Cloud Platform, etc.