NEW YORK Home improvement chain Lowe’s Cos laid out a plan to step up its on-line business as extra do-it-yourselfers take the web route to research and purchase new home merchandise.
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Executives also told analysts during a convention call that the retailer plans to reallocate $180 million this year so as to add more sales hours to its shops to raise service ranges. Home Depot further plans to overhaul departments comparable to ceramic tile, tub faucets and bathtub fixtures, categories wherein it has misplaced market share, in the second quarter.
Beyond their target markets , one other level of similarity between Home Depot and Lowe’s is the gargantuan measurement of their shops. The common Home Depot retailer has 104,000 square ft of enclosed area and 24,000 square feet of outside area for backyard merchandise. Lowe’s stores are even bigger, with a mean enclosed area of 112,000 square ft and 32,000 square toes of garden house.