ATLANTA, Sept 20 Home enchancment retailer Home Depot Inc (HD.N) said on Thursday that it plans to close 11 Landscape Supply concept shops later this 12 months, affecting 380 staff.
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As the world’s first and second largest home improvement retailers, Home Depot and Lowe’s share many similarities. Competing for a shared buyer-base across the United States, Canada, and Mexico, these two giants have developed distinctive brand pictures and strategic priorities. Although it is unimaginable to foretell how these strategies will unfold, investors within the house improvement sector can be wise to keep both companies firmly inside their sights.
Today, Home Depot operates 18 mechanized distribution centers in the United States, and one in Canada. By comparison, Lowe’s operates 15 mechanized distribution facilities within the United States, one in Canada, and one in Mexico. When Home Depot launched its modernization program in 2007, virtually all of Lowe’s mechanized distribution facilities have been already in place, giving credence to the perception that Lowe’s had enjoyed a logistical benefit over its rival for many years.
Over the course of his nearly eighty-yr career, Mr. Hachborn’s leadership and entrepreneurialism have had great affect on the national hardware trade and the survival of the independent home improvement retailer in Canada. His mixture of enterprise acumen, work ethic, ingenuity and kindness, have inspired thousands over the course of his distinguished profession and has helped establish Home Hardware as one in all Canada’s Best Managed Companies and 10 Most Admired Corporate Cultures.