Home Depot and Lowe’s are two of the largest home improvement retailers in the United States. Both companies have a wide range of products and services, catering to the needs of homeowners, DIY enthusiasts, and professional contractors.
Despite their similarities, there are significant differences between the two companies.
But, Does Home Depot Own Lowes?
Let’s find out…
Home Depot is a home improvement retailer that was founded in 1978 by Bernie Marcus, Ron Brill, Pat Farrah, Ken Langone, and Arthur Blank. The company operates more than 2,200 stores across North America, including the United States, Canada, and Mexico.
They are headquartered in Atlanta, Georgia, and is publicly traded on the New York Stock Exchange under the ticker symbol HD. The company’s sales for the fiscal year 2022 were $151.291 billion, making it one of the largest retailers in the world.
Lowe’s is also a home improvement retailer that was founded in 1946 by Lucius Smith Lowe. The company operates more than 2,000 stores across North America, including the United States, as well as in Canada and Mexico. Lowe’s is headquartered in Mooresville, North Carolina, and is a publicly traded company on the New York Stock Exchange under the ticker symbol LOW. The company’s sales for the fiscal year 2022 were $96.25 billion.
Does Home Depot own Lowe’s? The answer is no, Lowes is not owned by Home Depot; they are both separate companies and are not owned by each other or the same parent company. Home Depot and Lowe’s are publicly traded companies, and their shareholders are the company’s owners.
While they are not owned by the same parent company, both Home Depot and Lowe’s do compete against each other in the home improvement retail industry. They both sell similar products and have a similar target market of homeowners and DIY enthusiasts.
Size And History
In terms of size, Home Depot is larger than Lowe’s. Currently, Home Depot operates about 2,300 stores, while Lowe’s operates 2,180 stores. Home Depot was founded in 1978, while Lowe’s was founded in 1946. To this day, they are both your go-to store for any of your DIY needs.
Home Depot offers a wider variety of products, including lumber, building materials, tools, hardware, plumbing, electrical, paint, flooring, home decor, and appliances. While Home Depot’s inventory tends to be more extensive for professional contractors, it is also the place to go to anyone looking to spruce up their home!
Both stores offer competitive prices. But out of the two, Home Depot is known to have lower prices than Lowe’s. It also has a price match policy, matching the prices of local competitors, including Lowe’s, which benefits customers looking for the best deals on products.
Home Depot offers better service and more knowledgeable staff than Lowe’s. This can be because the company has a Pro Desk service, where contractors can find special products and services, such as bulk pricing, delivery, and credit options.
Both Home Depot and Lowe’s stores also have a tool rental service, which can be helpful for contractors who need equipment for a specific job. However, just as with the Pro Desk Service, the types of tools you can rent at your local Lowe’s may not be as extensive.
Installation And Delivery Services
Home Depot offers a wide range of installation and delivery services for customers, such as flooring installation, kitchen remodeling, bathroom remodeling, and appliance installation. These services are provided by licensed and insured professionals, who are trained to perform the work efficiently and safely.
Home Depot also offers delivery services for products purchased online or in-store, which can be a convenient option for customers.
Home Depot and Lowe’s stores are designed to cater to the different needs of customers, but the overall store experience may vary.
Home Depot stores are more spacious and well-organized, with wide aisles and clearly marked sections. The company also has a wide range of rental equipment and tools, making it easy for contractors to find what they need. Lowe’s stores are also well-organized and tend to have more items and sections dedicated to the DIY market, including home decor and furniture.
Both Home Depot and Lowe’s have a strong online presence, with comprehensive websites and mobile apps that allow customers to shop, track orders, and manage their accounts. They are both easy to navigate, with detailed product information and customer reviews. A wide range of online services, such as online ordering, curbside pickup, and delivery options, are available.
Read more: Does Lowes Accept PayPal?
Why Not Work At Your Favorite Store?
Firstly, depending on your age, check out How Old Do You Have To Be To Work At Home Depot, as well as How Much Does Home Depot Pay, for your rates and hours in 2023.
Next, take a look at our in-depth guide to the Home Depot Application and the most frequently asked Home Depot Interview Questions to help you prepare, and once you get offered a position, you’ll need to know all about the Home Depot Dress Code for your first day on the job!
Or, if you’re shopping at Home Depot for your next DIY project, then you’ll need to know Does Home Depot Sell Sherwin Williams Paint, along with Does Home Depot Take Apple Pay, and Does Home Depot Have A Senior Discount if you’ve retired.
Home Depot and Lowe’s are two of the largest home improvement retailers in the United States. While they both sell similar products and operate in the same industry, they are separate companies with distinct ownership and history; therefore, Home Depot does not own Lowes.
Despite being competitors, they both play a crucial role in the home improvement retail industry as they offer goods and services to customers with different preferences and needs.
All the best with your DIY shopping!