Home Depot vs. Lowes

Home Depot and Lowes Home Depot Company Overview Home Depot provides a wide range of products and services and serves three major customer groups, self-service customers, customers, and specialized customers. In the classic Home Depot store, we have about 40,000 to 50,000 items including color and size change. Major products include building materials, wood pipes, electric and kitchen, hardware and seasonal, paint, floor and wall coverings.

Housing renovation The only competitor of Home Depot in the retail industry is Lowe's Companies (NYSE: LOW). In terms of sales ($ 7.8 billion vs. $ 4.8 billion), Home Depot dominates the US housing renovation retail market. Lowe's and Home Depot are leaders in the housing renovation retail industry, but the two companies account for only 18% of the estimated housing refurbishment market of an estimated $ 725 billion (this includes pure product demand and installation work requirements ). The rest is divided into other "large" retailers such as Wal-Mart Stores (NYSE: WMT), small hardware chains, construction companies and other small and medium enterprises 8

Home Depot and Lowe have a large market share in their respective industries, but Home Depot accounts for 45% and Lowe accounts for 25%, and the market share of the large retail program is very small. According to the US census, the approximate market share (US Census) of two retailers' 'own self, merchants, contractors / general contractors, heavy industry, repair and renovation, and real estate maintenance market' (US Census) 9% and 6% , Home Base tends to point out that it is difficult to calculate this information correctly.

For hardware retailers such as Home Depot and Lowe, there are different games in the workplace. Home Depot and Lowe sell hardware and hardware to earn money, unlike Google that earns money by selling intents and searches, and supermarkets that mainly sell consumer goods to earn money. As families get smarter, their management becomes more complicated. Most customers purchase and install smart home products like Sonos speakers relatively easily. But people will not stop here. People will increasingly add smart home products and expect them to interact in a consistent manner. After the smart speaker, people will buy smart lights, thermostats, cameras, keys etc. It can be complicated when your router is connected to dozens of wireless LAN devices

Obviously, it has been sustainable until now. There is a thorn in the bed, but Lowe and Home Depot need to be decided carefully and make decisions. The price of Home Depot is already lower than the price of Lowe. This is not a good thing. If Lowe starts attracting customers to their store, it may be the starting point for Home Depot if it gives them a lasting impression. Row is known for its home appliance sales while the home depot is the mainstay. Home Depot's idea of ​​opening other departments is a good idea, proved, I think that I will continue to prove that it is effective. Home Depot has taken a big step to get the reputation of "warehouse", but consumers pay more attention to the service side of the business world. Therefore, Home Depot should focus on consumer satisfaction rather than existing market expansion. For example, they are in the ethical dilemma of Hunter!