In 2021, the DIY chain 'Home Depot' had a total of 2,317 stores worldwide. Meanwhile, Lowe's registered 1,971 stores at the end of the period.
The home improvement retail industry
The U.S. home improvement industry is comprised of retailers that sell appliances, kitchen fittings, lumber, building materials, plumbing, and other home improvement products. Demand for these products is associated with the demand for housing. Therefore, any changes in sales of new and existing homes significantly impacts the industry’s performance. In 2021, total sales of home improvement retailers in the United States generated approximately 538 billion U.S. dollars.
Main retailers and competitors
In the United States, there are two home improvement retailers that dominate the market: Home Depot and Lowe's. These "Big-Box" companies, which control almost the entire home improvement market in the US, have continued to expand their footprint in the hope of increasing their respective market shares. According to a survey conducted in 2021, The Home Depot and Lowe's ranked as two of the best home improvement store chains in the United States, based on customer satisfaction.
Consumers rely on home improvement retailers in their efforts to maintain and improve their homes. Retailers that are able to provide an environment that makes it easy for customers to get the merchandise and guidance they need are more likely to gain a larger share of their customers’ wallets. To achieve customer loyalty, home improvement retailers must understand their customers’ needs and experiences and focus on continual performance improvement to increase customer satisfaction, grow advocacy, and maximize sales.
FAQs
How many stores does Home Depot have 2021? ›
Today, The Home Depot is the world's largest home improvement retailer with approximately 500,000 orange-blooded associates and 2,300 stores in the U.S., Canada and Mexico.
How many Lowe's stores are 2021? ›Our team proudly serves approximately 19 million customer transactions per week in the United States and Canada. Lowe's operates or services nearly 2,200 home improvement and hardware stores and employs approximately 300,000 associates.
Which has more stores Lowes or Home Depot? ›Home Depot has 2,284 stores in North America, while Lowe's has about 2,370. Lowe's stores also typically have a few more square feet of space than Home Depot stores.
How many stores does Home Depot have outside the US? ›Home Depot: number of stores 2011-2021, by country. Home Depot had a total of 2,006 stores in operation throughout the United States as of the end of the fiscal year 2021. Home Depot also operates stores in Canada and Mexico. The home improvement and DIY retailer had a total of 2,317 stores worldwide.
Who is Home Depot biggest competitor? ›The Home Depot competitors include Ace Hardware, Hajoca Corporation, HHGregg, Walmart and Huttig Building Products. The Home Depot ranks 1st in Overall Culture Score on Comparably vs its competitors.
How many locations does Lowe's have? ›| Type | Public |
|---|---|
| Headquarters | Mooresville, North Carolina, United States |
| Number of locations | 2,015 with subsidiaries (as of February 2019) |
| Areas served | United States Canada |
| Key people | Marvin R. Ellison (CEO) |
| State / Territory | Number of stores | Population |
|---|---|---|
| California | 112 (6%) | 39.51M |
| Pennsylvania | 83 (5%) | 12.80M |
| Ohio | 83 (5%) | 11.69M |
| New York | 70 (4%) | 19.45M |
How many Lowe's locations are there in United States? There are a total of 1727 lowes locations in United States as of May 13, 2021 The state with the most number of Lowe's locations in the United States is San Antonio with 10 locations, which is 0% of all lowes locations in United States.
What rank is Home Depot in the world? ›Thanks to our associates, suppliers and customers, Fortune's 2019 Most Admired Companies list ranks The Home Depot at #21 on the Top 50 list and #1 in the specialty retailer category.
Does Home Depot have international stores? ›Home Depot is actively enhancing their global presence and currently operates in the United States, Canada, China, India, and Mexico. As a result of their global presence, they are currently considered being the fifth largest retailer in the world.
Is Home Depot bigger than Walmart? ›
The Home Depot's brand is ranked #86 in the list of Global Top 100 Brands, as rated by customers of The Home Depot. Their current market cap is $301.06B. Walmart's brand is ranked #104 in the list of Global Top 1000 Brands, as rated by customers of Walmart. Their current market cap is $382.64B.
How big is Lowes vs Home Depot? ›The average Home Depot store has around 104,000 square feet of enclosed space with approximately 24,000 more square feet of outside garden area. Lowe's averages around 112,000 square feet plus another 32,000 square feet dedicated to outdoor garden center space.
Why is Home Depot more successful than Lowes? ›Because they visit stores more frequently and tend to spend more compared to DIY customers, Pros drive improved economics for each business. For example, over the past 12 months, Home Depot's gross margin (33.7% versus 33.1%) and profit margin (10.8% versus 8.6%) were both higher than Lowe's.
Who is Lowe's biggest competitor? ›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.
Why isn't Home Depot International? ›We don't have an obligation to look for growth outside the U.S.” Home Depot has made several forays outside this country, but only those in North America have been successful. The $90 billion company expanded into Canada with 180 stores and Mexico with 94.
Are there Home Depot in Europe? ›And the answer is, no!
Where is the largest Home Depot in the world? ›According to Wikipedia, Home Depot's largest store is located in Vauxhall, New Jersey, and clocks in at around 217,000 square feet. This is over twice the size of a typical Home Depot retail location, which averages at about 105,000 square feet.
Why was Home Depot unsuccessful in China? ›To most of the Chinese consumers, the products of the Home Depot are too expensive to be accepted. The failure in fact lies in the misreading of the local consumers who focus more on inexpensive home improvement products and services instead of the higher-end products provided by the Home Depot.
What are Home Depot's weaknesses? ›Home Depot's Weaknesses (Internal Strategic Factors)
Limited supply chain. Imitable business format. Dependence on the U.S. market.
- Home Depot has 2,296 stores across North America and employs more than 500,000 people.
- Half of US shoppers are Home Depot customers, and the store has similar customer loyalty as Costco.
- The store's average customer is a middle-aged white man with a college degree earning over $80,000 per year.
Does Lowes have locations outside the US? ›
Select Your Lowe's
Lowe's operates all over North America.
The second-largest hardware retailer in the U.S., Lowe's is behind only Home Depot. Lowe's owns and operates over 2,100 retail stores in all 50 states and Canada.
Is Lowes better than Home Depot? ›Home Depot and Lowe's averaged about the same with reviewers in terms of store atmosphere, with Home Depot reviews tending to be slightly better. However, Lowe's does have the competitive advantage of larger stores (but the garden centers for plants at Lowe's vs. Home Depot are generally equal).
How many Home Depots are there in the US? ›Home Depot Stores in the United States
Since then, what started as a humble hardware store has expanded across all 50 states and into the US territories. The Home Depot now has 1,994 stores within those regions, with 1,364 cities hosting at least one location.
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.
What country owns Lowes? ›Lowe's Companies, Inc., headquartered in Mooresville, is a North Carolina-based building supply and home improvement firm that has grown into one of the nation's largest retailers.
How many Lowes stores are there in Australia? ›...
Lowes Menswear.
| Lowes Miranda store | |
|---|---|
| Industry | Retail |
| Headquarters | Sydney , Australia |
| Number of locations | 206 (2017) 181 (2012) |
| Area served | Australia, New Zealand |
...
Number of stores of leading hardware and home improvement retailers in the United States in 2020.
Lowe's is looking to simplify. The home improvement retailer earlier this month disclosed that it has entered into a definitive agreement to sell its Canadian operations to the private equity firm Sycamore Partners for $400 million in cash and future performance-based considerations.
Where is Home Depot on Forbes list? ›The Home Depot Recognized on Forbes' World's Best Employers List of 2021. On Oct. 12, Forbes published this year's 2021 World's Best Employers list. The Home Depot came in at #22 overall and #2 in the retail and wholesale category for North and South America.
Where does Home Depot rank in Forbes? ›
RANK17. Despite dealing with supply-chain problems and shortages, Home Depot brought in over $150 billion in sales in the 2021 fiscal year, as the company proved a resource for new and old homeowners looking to redecorate and renovate.
Where does Lowes rank in Fortune 500? ›Fortune 500: The Top 50 - 45. Lowe's (45) - FORTUNE.
How many stores does Home Depot have in China? ›Altogether, Home Depot will operate 12 stores in six cities: Tianjin, Beijing, Xi'an, Qingdao, Shenyang and Zhengzhou. Annette Verschuren, president of Home Depot Asia and Canada, presided over inaugural ceremonies in Beijing.
How many Home Depots are there in China? ›The Home Depot Inc. entered China in 2006 by acquiring 12 stores from Home Way, a Chinese company. But by September 2012, all Home Depot stores closed in China.
Is there a Home Depot in Australia? ›The Home Depot Sydney | Hardware Store & More in Sydney, NS B1P 7H2.
Who is the biggest retail store in the world? ›- Amazon is a global eCommerce powerhouse and Walmart's top competitor. ...
- Costco is a members-only wholesale retailer and competes with Walmart and its subsidiaries. ...
- Best Buy is a consumer electronics retailer with 1779 stores in North America.
Home Depot, which was once the number two retailer behind Walmart is now the number 4 retailer, falling behind Kroger and Costco.
How much market share does Lowes have? ›| COMPANY NAME | TICKER | MARKET SHARE 12 Months Q3 2022 |
|---|---|---|
| Lowes Companies Inc | LOW | 8.16% |
| Costco Wholesale Corp | COST | 19.30% |
| Dillard s inc | DDS | 0.59% |
| Dollar General Corporation | DG | 3.09% |
According to analysis by Market Watch, The Home Depot possesses roughly 17 percent of the market share for home improvement retail. Lowe's comes in second with about 12 percent market share. In 2021, Home Depot's sales exceeded $130 billion, and Lowe's sales totaled about $89.6 billion.
Who is bigger Ace Hardware or Home Depot? ›
So is Ace Hardware actually larger than Home Depot? Not so fast. Ace Hardware stores come in many sizes—each very different from the others. They also tend to be much smaller in size compared to the average Home Depot.
What makes Lowes different from its competitors? ›Business Analysis
Smaller competitors are unable to match the broad assortment of inventory and in-store product presentations that Lowe's can afford. They also have much less bargaining power with suppliers, making their products less price-competitive.
Home Depot is the largest company in the Home Improvement industry, comprising 47% of the market share. They have strong bargaining power over their broad network of suppliers and are able to provide a low-cost advantage to their customers, which encourages their loyalty.
How well is Home Depot doing financially? ›ATLANTA , Aug. 16, 2022 /PRNewswire/ -- The Home Depot®, the world's largest home improvement retailer, today reported sales of $43.8 billion for the second quarter of fiscal 2022, an increase of $2.7 billion , or 6.5 percent from the second quarter of fiscal 2021.
What brand is pulling out of Lowes? ›Yeti is leaving Lowe's to focus on DTC and key wholesale accounts - RetailWire.
What is the UK version of Lowes? ›Screwfix is the largest multi-chain retailer in the UK of home improvement goods including, well, screws! What is this? And lots of other stuff. This is a one-stop shop, just like Lowe's, and you'll find many of these across the UK in addition to B and Q, another home improvement owned by the same company as Screwfix.
Who did Lowes merge with? ›RetailCompany
Lowe s' largest acquisition to date was in 2016, when it acquired RONA for $2.4B. It's largest disclosed sale occurred in 2022, when it sold Lowe s Companies - Canadian Retail Business to Sycamore Partners for $400M. Lowe s has acquired in 4 different US states, and 3 countries.
During Fiscal 2021, total sales grew 14.4 percent to $151.2 billion, compared to Fiscal 2020. Fiscal 2021 comparable sales growth was 11.4 percent for the total company and 10.7 percent in the U.S. Our fiscal 2021 net earnings were $16.4 billion, and earnings per diluted share increased 30.1 percent to $15.53.
Where is the largest Home Depot in the US? ›According to Wikipedia, Home Depot's largest store is located in Vauxhall, New Jersey, and clocks in at around 217,000 square feet. This is over twice the size of a typical Home Depot retail location, which averages at about 105,000 square feet.
How much did Home Depot make in 2021? ›Home Depot revenue for the twelve months ending October 31, 2022 was $157.291B, a 6.49% increase year-over-year. Home Depot annual revenue for 2022 was $151.157B, a 14.42% increase from 2021. Home Depot annual revenue for 2021 was $132.11B, a 19.85% increase from 2020.
Who is larger Home Depot or Lowes? ›
The Home Depot
The average Home Depot store has around 104,000 square feet of enclosed space with approximately 24,000 more square feet of outside garden area. Lowe's averages around 112,000 square feet plus another 32,000 square feet dedicated to outdoor garden center space.
Hourly pay at The Home Depot Inc. ranges from an average of $11.29 to $19.58 an hour. The Home Depot Inc. employees with the job title Field Service Technician make the most with an average hourly rate of $20.72, while employees with the title Paint Associate make the least with an average hourly rate of $12.17.
What is the highest paid position at Home Depot? ›range from an average of $46,710 to $117,781 a year. The Home Depot Inc. employees with the job title Staff Software Engineer make the most with an average annual salary of $124,245, while employees with the title Department Manager, Retail Store make the least with an average annual salary of $43,128.
How much does Home Depot CEO make per year? ›| Name And Title | Total Compensation |
|---|---|
| Craig A. Menear Chairman, Chief Executive Officer & President | Total Compensation $11,641,012 View details |
| Matthew A. Carey Executive Vice President & Chief Information Officer | Total Compensation $3,840,708 View details |
OBI GmbH & Co. Deutschland KG is a German multinational home improvement supplies retailing company.
Does Home Depot exist in China? ›Sales associates also received additional training over the past eight months. Altogether, Home Depot will operate 12 stores in six cities: Tianjin, Beijing, Xi'an, Qingdao, Shenyang and Zhengzhou. Annette Verschuren, president of Home Depot Asia and Canada, presided over inaugural ceremonies in Beijing.
How much did Lowes make 2021? ›With fiscal year 2021 sales of over $96 billion , Lowe's and its related businesses operate or service nearly 2,200 home improvement and hardware stores and employ over 300,000 associates.
Is Home Depot more profitable than Lowes? ›Because they visit stores more frequently and tend to spend more compared to DIY customers, Pros drive improved economics for each business. For example, over the past 12 months, Home Depot's gross margin (33.7% versus 33.1%) and profit margin (10.8% versus 8.6%) were both higher than Lowe's.