For those who want to start a do-it-yourself project to improve their home or give it a new style, the Home Depot might be considered a shopping paradise. Whether consumers prefer to buy in-store or online, the Home Depot offers
such as appliances, building materials, hardware, indoor garden furniture, paint, kitchen, and bath decorating items, among other important products for home improvement projects. With stores across North America, the company is the leading DIY and home improvement chain in
. By the end of the fiscal year 2023, Home Depot had generated
.
Home Depot facts and figures
The Home Depot is an U.S. home improvement retailer whose first store opened over 40 years ago in Atlanta, Georgia. As of the beginning of 2024, the company had
over 2,300 stores, with the United States being the retailer’s biggest market. In 2023, Home Depot’s brand
was valued at around 61 billion U.S. dollars, competing with world famous names such as Walmart. In that same ranking, the company beat one of its main competitors,
Lowe’s, by a significant amount.
E-commerce and online presence
In recent years, Home Depot has been investing in a strategy to establish a connection between online and brick-and-mortar retail, resulting in a two-way infrastructure between both channels. As of 2022, the home improvement giant was among
the top five leading e-commerce retailers in the United States, and the second
leading online store in the furniture and appliances segment based on e-commerce net sales. The company offers approximately one million products on its online page, as well as DIY project inspiration via the company’s blog.
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