Lowe's Companies Inc Peers & Key Competitors (2024)

FAQs

Who is Lowe's main competitor? ›

As the world's first and second-largest home improvement retailers, Home Depot and Lowe's share many similarities. They compete for a shared customer base across the U.S. and Canada.

(NYSE:LOW) is the second-largest home improvement center in the U.S. The company has several competitive advantages including scale, distribution efficiencies, interconnected retail through stores/internet, excellent management, and a strong balance sheet.

Lowe's Home Improvement competitors include The Home Depot, Best Buy, Sam's Club and Bed Bath & Beyond.

Lowe's's competitors and similar companies include Walmart, The Home Depot, Target, Costco and Best Buy. Lowe's Companies is a retailer of products for home construction, maintenance, repair, remodeling, and decorating.

Lowe's has also been improving its competitive positioning by investing more in technology and product presentation. Through the use of technology and helpful in-store displays and service, customers have even fewer reasons to try out competitors' stores.

Lowe's has grown from a small-town hardware store in North Carolina to one of the largest home improvement retailers in the world. We have a rich heritage of putting the people we serve at the heart of everything we do.

There are three different types of competitive advantages that companies can actually use. They are cost, product/service differentiation, and niche strategies.

Competitive advantages are attributed to a variety of factors including cost structure, branding, the quality of product offerings, the distribution network, intellectual property, and customer service.

If you find a lower price on an identical item at a local or online retail competitor (including shipping and delivery fees), just bring us the competitor's current ad or show a printout, photo, smartphone display or app and we'll match their price.

This project-centric omnichannel strategy is central to Lowe's competitive positioning against Amazon, as well as other retailers outside the home improvement segment of the market.

Who is the largest investor in Lowes? ›

The Vanguard Group, Inc. is currently the company's largest shareholder with 8.9% of shares outstanding.

In 2023, Home Depot's annual sales amounted to over 152 billion U.S. dollars, whereas its main competitor, Lowe's, reached more than 86 billion U.S. dollars of sales.

Walmart does not own Lowes as of 2021.

Home Depot tends to have a wider variety of exclusive products sold for slightly lower prices on average, while Lowe's brands seem to be more focused on stocking high-quality tools that first-time DIYers often require.

Lowe's often has better pricing on select products due to their larger buying power and they have a wider selection of higher end items available in their inventory than most home improvement stores.

Home Depot tends to have a wider variety of exclusive products sold for slightly lower prices on average, while Lowe's brands seem to be more focused on stocking high-quality tools that first-time DIYers often require.

In 2023, Home Depot's annual sales amounted to over 152 billion U.S. dollars, whereas its main competitor, Lowe's, reached more than 86 billion U.S. dollars of sales.