Lowes VS Home Depot
Just a quick search online of Lowes vs. Home Depot and you will be met with all sorts of comments, complaints, and reviews. Both of these are big names when it comes to stocking home improvement merchandise. Clearly both have their share of pros and cons, and like all decisions that need to be made, some pros will definitely outweigh the cons in terms of higher margins when put next to each other. Here is an unbiased review of Lowes and Home Depot to help you the consumer make an informed decision.
Starting from the basics, there is so much similarity in these two companies, considering the fact that they both have been in the market for almost the same period of time. Although the number of years is the same, clearly the figures are not. First and foremost, it is important to note that Home Depot has revenue that almost doubles that of Lowes, thus justifying the remarkable upward growth ever since inception.
Having said that though, looking specifically at the last five or so years, many will agree and content with the fact that Lowes has grown to a point of outgrowing the margins set by Home Depot, and the best part of it is that Lowes has a greater growth potential compared to Home Depot. It is estimated that Home Depot has a growth potential of 13% within the next 5 years, while Lowes’s growth potential within the same period of time is estimated at 16%. This definitely gives prospective investors some figures to play around with when thinking of the best stocks to invest in. Most other fundamentals revolving around these two stores follow the same pattern, thus making it more of a guesswork game for both investors and shoppers.
In a more technical analysis, and what will appeal to the average consumer, Lowes seems to beat out Home Depot when it comes to the product it has in stock as well as the discounts it has on offer. As any frugal shopper would tell you, today more and more people are after coupons from home improvement stores and any other stores, restaurants, and manufacturers that care to offer discounts to its consumers. In an effort to attract more consumers and retain its existing clientele base, Lowes seems to outdo Home Depot when it comes to the discounts and promotions on offer. Besides, consumers are of the opinion that Lowes Coupons are readily available and bring to the table more discounts and savings than Home Depot Coupons.
The jury is still out there, also in regards to customer service, which has also been a benchmark for comparing the two retailers. This can however be biased considering the fact that having a bad experience in one store does not make the whole retail chain bad. Most of the reviews available online for customer service in both of these stores are biased since they are written from Individual experiences.
So regarding which one is better than the other, and which one offers a good return on investment and huge savings, your guess is as good as that of millions of other consumers out there!