Home Depot and Lowe’s Companies Inc. have been the giants of the home improvement retailer industry in the U.S. for decades, each operating roughly 2,200 stores, each with in excess of 100,000 square feet of retail space. The two retailers pursue the same market, yet their branding and supply-chain strategies are different. Both companies have a generally excellent return policy and decent customer satisfaction ensured. Home Depot Or Lowes return policy the two promises the return within the time of 90 days and when you are really purchasing something and returning it back you may observe some more offers from both the brands. Lowe’s has the notoriety of being less intimidating for first-time home improvement customers.
Despite being bigger by market capitalization, The Home Depot, Inc. is the newer market participant. Lowe’s was established in 1946 and Home Depot in 1978. As of March. 2020, Home Depot has 2,287 stores in every one of the 50 states, the District of Columbia, Puerto Rico, the U.S. Virgin Islands, Guam, Canada, and Mexico. The company has 1981 retail locations in the U.S., 182 in Canada, and 124 in Mexico. Following an unsuccessful expansion endeavor, Home Depot closed its last seven remaining big-enclose stores in China in 2012.
One of the priorities for Home Depot’s administration is the continued modernization of its supply chain. For most of its history, Home Depot has had the notoriety of lagging behind its main opponent in terms of supply-chain productivity, relying basically on a decentralized supply chain in which suppliers shipped products straightforwardly to Home Depot stores. In spite of the fact that this decentralized methodology offered some advantages, it also had significant drawbacks, such as having to use huge trucks to ship moderately small amounts of payload. However, in 2007 Home Depot started a modernization program, including a transition to a brought together organization of distribution centers.
While Lowe’s has also appreciated a spectacular history of development, the company has confronted challenges keeping pace with Home Depot, resulting in the company closing down underperforming stores.
As of Feb. 1, 2020, Lowe’s worked 2,002 stores in the U.S. furthermore, Canada. That’s down from the 2,155 stores it worked in 2018. In 2016, the company declared it would no longer continue its joint endeavor with Woolworths Limited to work home improvement stores in Australia. Looking to improve benefit, the company reported another leadership group focused on sales development in its U.S. physical stores alongside upgraded online shopping opportunities.
Inside their stores, Home Depot and Lowe’s seem to share less for all intents and purposes. Home Depot’s stores include an orange and dark shading scheme with tall shelves, the highest just accessible by forklifts. This industrial esthetic gives the impression that the store is designed for home improvement professionals. Lowe’s stores have an especially different appearance. Employing a blue-and-white shading scheme, they frequently highlight more detailed floor displays or themed products such as porch sets or occasion stylistic layout items.
Despite their distinctive brands, Home Depot and Lowe’s see themselves as competing for the same customers. In referring to these customers, the board from the two companies distinguishes between two general categories: retail and professional.