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Home Depot's Indirect Competitors Essay

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Home Depot faced a wide range of competitors, both direct and indirect, in its pursuit of its market dominance. Among its direct competitors were well-established companies such as Lowe’s Companies Inc., Ace Hardware Company, Sherwin-Williams Company etc. Home Depot’s indirect competitors are local electrical and plumbing supply stores, independent hardware stores etc. Furthermore, the rise of e-commerce brought a new class of indirect competitors, including online retailers such as Amazon. Despite the intense competition, Home Depot maintained an edge over its closest rival, Lowe's, in the online space. One factor contributing to Home Depot's success in online sales was its extensive physical store network. This infrastructure provided the
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I think the Home Depot is a stronger than Lowe’s, because the Home Depot is number one-largest hardware chain and Lowe’s is second-largest hardware chain in U.S. and Globally. They both have about the same number of store, but The Home depot is more profitable than Lowe’s. If you compare a Home depot revenue, operating income and free cash flow Lowe’s only generates about half of a what home depot is generating. That’s because Home depot leans more toward the professional contractor – who buy higher value items and Lowe’s leans more toward the homeowner. The Home Deport current Ratio is 1.32 and Lowe’s 1.0 that means that Home Depot has 1.32 to cover there $1.00 liabilities, and Lowe’s has 1.0 cover $1.00 liabilities.

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