What category of store is Home Depot?
Asked by: Dell Stanton | Last update: November 7, 2025Score: 4.2/5 (40 votes)
What retail category is Home Depot?
Founded in 1978, The Home Depot, Inc. is the world's largest home improvement specialty retailer with fiscal 2023 net sales of $152.7 billion and earnings of $15.1 billion.
What category does Home Depot fall under?
The Home Depot, Inc., sometimes referred to as Home Depot, is an American multinational home improvement retail corporation that sells tools, construction products, appliances, and services, including fuel and transportation rentals. Home Depot is the largest home improvement retailer in the United States.
What category is Home Depot and Lowes?
As the two largest players in the Hardware & Home Improvement category, both companies feature prominently in North American online retail.
What sector is Home Depot?
Home Depot's sector is Consumer Discretionary.
How Home Depot Became the World’s Largest Home-Improvement Retailer | WSJ The Economics Of
What type of store is Home Depot called?
When The Home Depot was founded in 1978, Bernie Marcus and Arthur Blank had no idea how revolutionary this new “hardware store” would be for home improvement and the retail industry. Today, we're proud to be the world's largest home improvement retailer.
What industry is Home Depot and Lowes in?
Home Depot (NYSE: HD) and Lowe's (NYSE: LOW) dominate the home improvement retail sector. Together, they have an estimated 45% market share in the industry.
What category of store is Lowes?
Lowe's is classified within the Building Material and Garden Equipment and Supplies Dealers Subsector (444) of the Retail Trade Sector of the North American Industry Classification System (NAICS). The market in which we operate includes home-related sales through a variety of types of businesses.
What form of business is Home Depot?
The Home Depot Inc (Home Depot) is a retailer of home improvement products. It offers various products including building materials, home improvement supplies, hardware, electrical products, kitchen and bath products, flooring and paint products, appliances, and lawn and indoor and outdoor garden products.
What is Home Depot defined as?
/ˌhəʊm ˈdepəʊ/ /ˌhəʊm ˈdiːpəʊ/ any of a large group of shops in the US and Canada selling building materials for home improvement work, such as wood, paint and tools.
What is the segmentation of Home Depot?
Customer Segments: Home Depot serves DIY customers and professional contractors, offering tailored services and products to meet the needs of each segment.
Does Home Depot count as a home improvement store?
The Home Depot is an U.S. home improvement retailer whose first store opened over 40 years ago in Atlanta, Georgia. As of the beginning of 2024, the company had over 2,300 stores, with the United States being the retailer's biggest market.
What category do stores fall under?
The retail trade sector is part of the trade, transportation, and utilities supersector. The Retail Trade sector comprises establishments engaged in retailing merchandise, generally without transformation, and rendering services incidental to the sale of merchandise.
What is a store category?
Categories are groups of products that meet similar needs. Departments are groups of categories that meet related needs. And the store is a collection of departments.
How do you classify stores?
- The classification is t explained as follows: ...
- Independent retailer: ...
- A chain retailer: ...
- Franchise: ...
- Leased Department: ...
- Consumer Co-operatives: ...
- Departmental Stores: ...
- Convenience stores:
What category is Home Depot?
The Home Depot is in the home improvement business and our goal is to provide the highest level of service, the broadest selection of products and the most competitive prices.
What is the depot in business?
A depot is a place where things are stored in large quantities for future use. Your office might have a depot in the back where supplies are stored.
What type of store is Home Depot?
The Home Depot is the world's largest home improvement retailer operating 2,298 Home Depot stores in all 50 states, the District of Columbia, Puerto Rico, U.S. Virgin Islands, Guam, 10 Canadian provinces and Mexico. The Home Depot's total revenue for 2020 was $132.1 billion. We employ approximately 500,000 associates.
What is Home Depot and Lowes considered?
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.
What are stores considered?
A retail store is a place of business where merchants sell products or services to individual consumers for personal use. Learn more in this post.
What type of store is Lowes?
Lowe's grew from one small-town hardware store in North Carolina to one of the largest home improvement retailers in the world. Then and now, we're committed to helping homeowners, renters and Pros improve their homes and businesses.
Is Home Depot richer than Lowes?
In fiscal 2023, HD reported revenues of $152.7 billion compared with Lowe's $86.4 billion. Despite Home Depot's dominance, Lowe's has been narrowing the gap in recent years through targeted strategies.