Home Depot & Lowe’s: Who’s Winning the Pro Market?
The two giant home remodeling retail chains have been doubling down their efforts to serve the professional market. It was Lowe’s that made the latest move in this back-and-forth competition to enhance their contractor sectors with its purchase of Foundation Building Materials last month. The $8.8 billion deal is expected to close in the fourth […]
These Two Giants Control Nearly Half of Home Improvement Market
It’s no surprise that Home Depot and Lowe’s are the largest retailers in the business, but together, their market share is astounding. The retail world for home improvement and building products continues to be dominated by two big national chains. It’s the level of that dominance that a new study confirms that shows exactly how […]
Lowe’s and Home Depot Lead Texas Flood Relief
Adding to efforts by local businesses and organizations, the two big national chains are making big donations to help. The recent deadly floods in the Hill Country of central Texas have devastated the local area with the loss of life and property. As local groups start to roll out donations and programs to help the […]
Home Depot Doubles Down on Pro Market with $5.5 Billion Buy
In HD’s latest move to expand its contractor business, the big chain has bought building materials distributor GMS. It was a spirited fight but in the end, Home Depot was the winner. After private equity-backed dealmaker QXO, fresh off its acquisition of Beacon Roofing Supply this spring, made an initial offer to buy Georgia-based Gypsum […]
Who’s the Number Two Home Improvement Retailer Now?
You’ll be surprised to find out that even though Home Depot retains its spot on top of the sector, Lowe’s is no longer number two according to a new Coresight Research study. The retail marketplace for home improvement continues to evolve and a new study from a well-known research and consulting company says the second […]
Lowe’s and Home Depot Numbers Offer Encouragement
The two big DIY doppelgangers each reported better financial results for their recent quarters and that’s good news. The home improvement and remodeling business is not exactly out of the woods yet but signs continue to emerge that the long-anticipated bottoming-out has occurred and the upswing is starting. Both Depot and Lowe’s showed small gains […]
Lowe’s, Home Depot and Others Come to Relief in LA Fires
The devastating fires in the greater Los Angeles area have brought out DIY and other building trade companies trying to help. Some of the building and home improvement industry’s biggest players, including the twin DIY giants Lowe’s and Home Depot, as well as others are pledging millions to help in the relief and rebuilding of […]
Home Depot’s Latest Acquisition Targets Kitchen Sector
The big home improvement chain continues to build out its business in the home design category. With the new home construction sector continuing to stay challenged, Home Depot has made an additional move to strengthen its business in finished products and home services. In late December the Home Depot subsidiary, Construction Resources Company, announced it […]
Remembering Bernie Marcus’s Invention of the Modern DIY Retailer
The passing of the legendary co-founder of Home Depot earlier this month reminded the industry of his role in creating the biggest retailer in home improvement. When Bernie Marcus and Arthur Blank were fired from the long-since-forgotten Handy Dan home improvement chain, it started a process that led to the creation of a $150 billion […]
Home Depot Defends Corporate Work-in-Store Mandate
When the giant home improvement chain told its corporate staff they need to work shifts in its stores, it set off a controversy. It wasn’t the first big company to do so but Home Depot’s renewed policy requiring all corporate employees to work an eight-hour shift in one of its stores every quarter has met […]