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terry storch: Home Depot vs. Lowe’s

For no reason at all, I’ve always been a Home Depot guy. I guess it’s because of the documentary I once saw about how it was started, etc. Weird, when I think about it. Terry writes about his experiences at both Home Depot & Lowes. What’s more interesting is when you compare financial stats:

Home Depot- 1,400 stores
Lowe’s- 850 stores

Home Depot- $58 billion annual sales
Lowe’s- $26 billion annual sales

Home Depot- 9% sales growth
Lowe’s- 20% sales growth

Home Depot- 2002 earnings up 21%
Lowe’s- 2002 earnings up 44%

Home Depot- Same store sales -6%
Lowe’s- Same store sales 17%

Terry adds: I have become a Lowe’s guy because of outstanding customer service, cleaner and neater stores, and bottom-line a better experience.

Hmm… Maybe it’s time to check out Lowes?

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This entry was posted on Monday, April 4th, 2005 at 8:54 pm and is filed under blog. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.