HomeDepot.com is a renowned name in the home improvement and DIY sectors. This Atlanta-based company sells the most affordable home improvement products, from plants to DIY tools. Established in 1978 by Arthur Blank and Bernie Marcus, Home Depot is one place for all your home essentials.
Customers who shop at Home Depot can participate in their customer satisfaction survey at www.homedepot.com/survey.
This company makes around $132 billion every year and operates about 2312 stores in the United States, Mexico, and Canada. It converted all its warehouses into fulfillment centers in 2020.
A typical Home Depot store design consists of a big-box place with an area of 104,000 ft. It sells all the products under three segments: DIY, professional contractors, and do-it-for-me. In this blog, we will discuss the top competitors of Home Depot Company.
Best Home Improvement Companies Like Home Depot
If you are looking for the top competitors of the Home Depot store, read this section. It mentions some of the best Home Depot competitors that you can choose for your daily requirements.
These are some famous home improvement companies that are real competitors of the Home Depot Company. They sell affordable products to clients and promote important business values within communities.
1. Walmart
Walmart is one of the leading competitors of Home Depot and has a proven track record. It is the largest brick-and-mortar retailer in the globe. The company has 11,000 stores and more than 2.2 million employees in 27 countries around the world. This store earns an annual income of around $559 billion.
Home Depot and Walmart both sell home improvement products like home appliances, DIY tools, home décor items, and furnishings at low prices. They also provide a high discount on several items. Walmart has a more extensive variety of home improvement products than Home Depot. It is one of the top-notch competitors of the Home Depot store.
2. Menards
The next on the list is Menards. It is one of the largest American home improvement companies located in Eau Claire, Wisconsin. This company was founded by John Menard Jr. in the year 1960. With 351 outlets in 15 states of the USA, Menards is one of the best competitors of The Home Depot.
This store offers an extensive range of improvement products, such as power tools, building materials, and other home improvement supplies. It also provides various items at affordable prices according to customers’ needs.
3. Amazon
Amazon is another competitor of the Home Depot Company. It is one of the most profitable companies in the field of home improvement. Amazon’s products include many home improvement items, from garden items to cleaning products. Amazon has an extended network and offers the best deals on the majority of its products. This store has been recognized as one of the most affordable home improvement stores in the world.
4. Lowe’s
One of the major competitors of the Home Depot store is Lowe’s. It is a reputed home improvement company situated in Mooresville, North Carolina. The company has more than 1280 outlets in North America. It provides many premium-quality home improvement products at affordable prices. Moreover, this store offers good customer service to every client.
5. True Value
The next name on the list is True Value. It is one of the largest American wholesalers, operating more than 4,500 retail outlets worldwide. Actual Value offers a wide variety of home improvement items, such as appliances, building materials, hardware, plumbing products, and paints.
In addition, the company offers many personalized products to meet the demands of customers. Many experts offer customized services to improve communities.
6. Ferguson Enterprises Inc.
Located in Newport News, Virginia, United States, Ferguson, LLC is a well-known name in home improvement. The company offers products such as plumbing supplies, fabrication items, fire, and PVF. It also provides industrial accessories and HVAC equipment.
This company earns a yearly revenue of around $19 billion. It mainly sells products for commercial places and institutions.
7. Ace Hardware
As the name suggests, Ace Hardware is an entity that deals in hardware items. It is located in Oak Brook, Illinois, United States. Formed in the year 1924, Ace Hardware has established its reputation on many continents. This organization involves many communities and local entrepreneurs to promote their products and services.
This organization mainly focuses on long-term collaboration with local dealers. It promotes other values, such as social responsibility and sustainable development.
8. Do It Best Corp
Do It Best Corp is a reputed hardware store located in Fort Wayne, Indiana. It is similar to the Ace Hardware cooperative in several ways. This organization respects values like mutual support for employees and long-term collaboration. It also partners with local retailers and independent communities to survive the competitive market. It boosts the practice of establishing a significant role in the home improvement area.