Are Lowes and Home Depot related to each other? Although the two companies are primarily known for home improvement, they also sell similar products and services to the same customer base.
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. Both companies are committed to allowing customers to move seamlessly between online and offline channels.
Are Lowes and Home Depot Related?
Many people assume that Lowe’s and Home Depot are one and the same, but this isn’t true.
Lowes and Home Depot are similar in terms of the products and services they both provide, but they are not related in terms of ownership and other relevant information based on history and operations.
And though Home Depot is the larger of the two by a significant margin and Lowe’s is still rebuilding itself after a fallow period, each is to be admired for its retailing expertise.
Differences Between Home Depot and Lowe’s
Home Depot stores are orange and black in color, with tall shelves that can only be reached by forklifts. Lowe’s stores are blue and white in color, with elaborate floor displays and themed products.
Home Depot’s strategy is to increase distribution centers to increase profitability, whereas Lowe’s strategy is to strengthen its bottom line by closing underperforming stores.
When compared to Lowe’s, Home Depot generates more revenue and sales. Home Depot had 132.11 billion US dollars in sales in 2020, while Lowe’s had 89.6 billion US dollars.
Home Depot has had international success with stores in Canada and Mexico, whereas Lowe’s has had little success with its international ventures, having been forced to close the majority of them.
Home Depot leads in contractor services, while Lowe’s has the edge in DIY services thanks to its focus on staff assistance for amateurs.
Home Depot and Lowe’s are the two largest home improvement retailers, and while they share many similarities, they are not the same.
Some of these distinctions have already been discussed, so make sure you understand them so you don’t mix up the two.