In 2024, the Home Depot averaged about *** U.S. dollars worth of sales per square foot. In contrast, Lowe's sales per selling square foot averaged *** U.S. dollars in that same year. The home improvement retail industry in the U.S. The U.S. home improvement industry is comprised of retailers that sell appliances, kitchen fittings, lumber, building materials, plumbing, and other home improvement products. Demand for these products is associated with the demand for housing. Therefore, any changes in sales of new and existing homes significantly impacts the industry’s performance. In 2024, total sales of home improvement retailers in the United States generated nearly *** billion U.S. dollars. Main players in the home improvement retail industry The Home Depot and Lowe's are the two main home improvement retailers in the United States, in terms of annual revenues generated. When it comes to customer satisfaction with home improvement store chains, however, Menards and Ace Hardware leads the ranking. Both record considerably smaller sales than the industry leaders, which does not seem to negatively affect their customers' satisfaction levels.

In 2024, Lowe's sales per average square foot amounted to roughly *** U.S. dollars, down from *** recorded a year earlier. As of that same year, the company operated over ***** stores worldwide.

In 2024, home improvement sales in the United States amounted to around ***** billion U.S. dollars. By 2028, this amount is expected to reach almost *** billion U.S. dollars. Home improvement chains With sales close the *** billion U.S. dollar mark, The Home Depot was the leading home improvement chain in the United States in 2023. Other large chains in the industry included Lowe’s (Home Depot’s main competitor), Sherwin-Williams, Tractor Supply, and Menards that year. In terms of customer satisfaction however, The Home Depot ranked fourth in 2024, while Menards received the highest ratings. The Home Depot Home Depot is the largest home improvement retail store in the United States. The company was founded in Atlanta, Georgia in 1978. When visiting one of their stores, consumers would typically spend an average of ***** U.S. dollars in 2024. Lowe’s customers, on the other hand, spent about ****** U.S. dollars per visit.