Final report home depot vs lowes
One major objective that both companies do share is the desire to cater to a customer base that is increasingly active online. Until Lowe's makes these expensive investments and shows material improvement in its sales growth, Home Depot looks to be the better investment for the foreseeable future.
Following an unsuccessful expansion attempt, Home Depot closed its last seven remaining big-box stores in China in Updated Apr 24, Home Depot vs. To improve its underlying IT infrastructure, Ellison has brought on new personnel, including a new chief information officer and a new president of online sales, who he believes can help turn the ship around.
Lowe's stores also typically have a few more square feet of space than Home Depot stores.
Lowes and home depot
In , Home Depot operated 18 mechanized distribution centers in the U. Professional customers run the gamut from individual contractors to construction managers. Though the stores sell most of the same products, Home Depot 's setup appears to be geared more toward professionals — like contractors and interior designers — than Lowe's. Employing a blue-and-white color scheme, they often feature more elaborate floor displays or themed products such as patio sets or holiday decor items. The strong growth came on the back of a 3. They stock all things home improvement, including kitchen and bath fixtures, lighting, paint, gardening supplies, and tools. Against this competitive backdrop, the median age of U. Lowe's has also announced in that it will sell its 99 Orchard Supply Hardware stores and distribution center.
We visited both stores and found that Home Depot had more to offer than Lowe's. To this end, Lowe's recently opened a distribution center on the east coast to handle direct-to-consumer shipping, with plans to open a second such center on the west coast soon.
InHome Depot operated 18 mechanized distribution centers in the U. Both companies are committed to allowing customers to move seamlessly between online and offline channels.
Home Depot's online sales are much larger and growing faster than Lowe's e-commerce operations. Comparable-store sales rose 1. If shares were significantly discounted relative to Home Depot's, a reasonable case could probably be made for investing in Lowe's shares over its larger rivals'.
The strong growth came on the back of a 3.
Home depot lowes merger
One major objective that both companies do share is the desire to cater to a customer base that is increasingly active online. My final pick: Home Depot Ellison is certainly taking some promising steps as Lowe's CEO, though the company largely remains a work in progress. They even have similar return policies and will accept most things with or without a receipt for cash or store credit. Lowe's current logistics infrastructure was built to deliver goods to its stores, something it is very good at. In referring to these customers, management from both companies distinguishes between two broad categories: retail and professional. Although this decentralized approach did offer some advantages, it also had significant drawbacks, such as having to use large trucks to ship relatively small amounts of cargo. As of , the average Home Depot store has about , square feet of enclosed space and about 24, square feet of outdoor space for garden products. Home Depot has invested heavily to ensure its omnichannel operations are comparable, or better than, any others. Ellison faces several challenges as the CEO, not the least of which is catching up to Home Depot's online operations. Matthew Cochrane TMFCochrane Apr 4, at AM There are several reasons to believe that buying stock in home improvement chains is one of the best ways to invest in the retail sector today.
Professional customers run the gamut from individual contractors to construction managers.
based on 8 review