Home Depot vs. Lowes Essay -- Compare Contrast Home Improvement Essays

star sign computer memory vs. LowesThe station entrepot Company groundingHome Depot company offer a wide hunt of merchandise and helps, and serve three primary customer groups do-it-yourself customers, do-it-for-me customers and professed(prenominal) customers. A classic Home Depot submit stocks approximately 40,000 to 50,000 return items, including variations in color and size. Major product groups include building materials, pound up plumbing, electrical and kitchen hardware and seasonal, and blusher, flooring and wall coverings. To balance the national betray name products it offers, the Company has formed strategic associations with vendor partners to market products down the stairs brand names that are only offered through The Home Depot. As of fiscal year-end 2001, the Company offered products under more than 30 trademarked and other exclusive brands, including Thomasville kitchen and bathroom cabinets RIDGID power tools Behr Premium Plus paint Mills Pride cabinet s GE SmartWater water heaters, and Vigoro fertilizer. (The Home Depot, 2004)Founded in 1978, in Atlanta, Georgia, The Home Depot is the worlds largest home onward motion retailer currently in operation(p) 1,800 stores, including 1,649 Home Depot stores, 50 EXPO Design Centers, one story Store and three HD Landscape Supply stores in the United States, 84 Home Depot stores in seven Canadian provinces, seven Home Depot stores in Puerto Rico and ten in Mexico. The company account employees approximately 280,000 people.Business Description / Strategic AnalysisThe Home Depot is recognized as being the leader in the home improvement retail industry by combining the economies of scale inherent in a warehouse format with a level of customer service unparalleled among warehouse-style retailers. (Home Depot to, 1999)Each Home Depot store stocks approximately 40,000 to 50,000 different kinds of building materials, home improvement supplies and lawn and garden products. rising Home Depot st ores in the U.S. and Canada range from 114,000 jog feet with an additional 20,000 square foot garden center. The stores have a design center staffed by specialized designers who offer free in-store consultation for home enhancement projects ranging from visible radiation to computer-assisted design for kitchens and bathrooms.Home Depot offers installation services of select products ranging from single-items such(prenominal) as carpet to mor... ...oro, North Carolina tailored Publication.Norman, A. (2004, Jan). A Citizens View of Home Depot. Retrieved Feb 12, 2005, from http//www.sprawl-busters.com/hometown.htmOur Heritage. (2005, Jan). In Lowes - A Company Understood. Retrieved Feb 12, 2005, from http//www.lowes.com/lkn?action=frameSet&url=vocuspr.vocus.com/VocusPR30/DotNet/Newsroom/Query.aspx%253FSiteName=Lowes%2526Entity=PRAsset%2526PublishType=Company+ downplay%2526Title=Company+Overview%2526XSL=CompanyBackground%2526Cache=TrueReimers, Jane L. (2003). Financial Accounting A Business march Application. Upper Saddle River, New Jersey, Prentice Hall.Securities and Exchange Commission. (2000). Retrieved Feb 19, 2005, from http//sec.govThe Home Depot Company (2004). The Home Depot Company 2004 Annual Review. Atlanta, Georgia Custom Publication.Home Depot to Implement Cornerstones Java Technology-based Point-of-Sale Software. (1999, Jan). Retrieved Feb 19, 2005, from http//www.360commerce.com/article.php?article=342& division=1&tid=77The Home Depot Report Record branch Quarter 2004 Earnings. (2004, Mar 18). Retrieved Feb 19, 2005, from http//ir.homedepot.com/ReleaseDetail.cfm?ReleaseID=135414&ShSect=E