Home Depot had a total of ***** stores in operation throughout the United States as of the end of the fiscal year 2024. The home improvement and DIY retailer also operates stores in Canada and Mexico and had a total of ***** stores worldwide in that same year. Home improvement retail in the United States Home Depot is one of the best-known and valuable retail brands in the United States. Home Depot operates within the U.S. home improvement industry, which has witnessed steady sales growth over the past years, with this trend expected to continue in the coming years. This trend shows that home owners are putting substantial sums of money into home repair, home improvement, and remodeling projects. Home Depot As of 2024, Home Depot was the leading hardware and home improvement retailer in the United States, with U.S. retail sales of around *** billion U.S. dollars. The company's product categories include building materials, appliances, tools, and hardware, among others. Lowe’s, Ace Hardware, and Menards are Home Depots’ main competitors in the United States.

In 2024, the DIY chain 'Home Depot' had a total of ***** stores worldwide. Meanwhile, Lowe's registered ***** stores at the end of the same period. The home improvement retail industry 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 approximately *** billion U.S. dollars. Main retailers and competitors In the United States, there are two home improvement retailers that dominate the market: Home Depot and Lowe's. These "Big-Box" companies, which control almost the entire home improvement market in the US, have continued to expand their footprint in the hope of increasing their respective market shares. According to a survey conducted in 2024, The Home Depot and Lowe's ranked as two of the top home improvement store chains in the United States, based on customer satisfaction.

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In 2024, Home Depot’s appliances product category generated global sales of ** billion U.S. dollars. Meanwhile, the company’s lighting net sales amounted to roughly *** billion U.S. dollars. Headquartered in Georgia, United States, The Home Depot, Inc. is the largest home improvement corporation in the United States. Home improvement and hardware stores With almost ***** retail stores, Ace Hardware had the highest number of home improvement outlets located in the United States in 2023. The Home Depot accounted for less than half that number. In terms of customer satisfaction, Menards took the lead with *** out of 1,000 points, as reflected in a 2024 survey. The Home Depot earned a score of ***, just below industry average. Home improvement projects Among the main reasons for kitchen and bathroom renovations in the U.S. was the fact that people were no longer happy with the appearance of their previous kitchens/bathrooms. According to a surveys conducted in July 2024, ** percent wanted to renovated their kitchens for that reason, and ** percent wanted to spruce up their bathrooms.

There were 182 Home Depot stores across Canada as of 2024. Ontario was home to 88, the most stores by far. Alberta and British Columbia were ranked in second and third places, with 27 and 26 stores located in each province, respectively. Home Depot origins Home Depot, the American home improvement retailer, was founded in 1978. The company’s original aim was to build retail superstores larger than any of their competitors and the first two stores were opened in Atlanta, Georgia in the next year. In 1981, the retailer branched out of Georgia and began to open more stores in different states and later entered neighboring markets. By the end of the fiscal year 2024, Home Depot operated over 2,300 big-box home improvement stores across North America. The Canadian home improvement market Canadian home improvement industry sales have mostly witnessed year-on-year growth, predicted to reach around 62 billion Canadian dollars in 2023. When it comes to retailers, Home Depot was the industry leader in terms of annual sales. In 2023, Home Depot brought in approximately 11.6 billion Canadian dollars of sales. Home Hardware Stores and RONA follow in second and third places, with sales of 9.1 and 8.5 billion Canadian dollars respectively in that year.

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