This guide contains a list of Lowes competitors and alternatives in the US and around the world with low prices for all customers. Firstly, Lowe’s, is an American retail company that deals in home improvement facilities, retailer dealing in all kinds of furniture items. They have their Headquartered in Mooresville, North Carolina. Over the years, the company operates a chain of retail stores in the United States of America.
According to Wikipedia, it was set up in the year 1946 in Mooresville, North Carolina, USA. In 1961, the company became popular and from 1982 the management began a new style of marketing. They even introduced the “DIY – Do it Yourself style of sales. From there, the grew from in-store sales to online shopping stores when the internet came to limelight.
In business there are companies and brands in competition with each other that offers similar goods and services.
However, for a company to be possibly ahead and maintain standard, It is not only necessary to improve their product and as well monitor their competitor offering.
Lowes Companies Inc Comparisons to its Competitors and Alternatives
In this Article:
- 1. Walmart
- 2. ALDI
- 3. Home Depot
- 4. Amazon
- 5. IKEA
- 6. Best Buy
- 7. Target
- 8. LIDL
Below we look at the top 8 competitors of Lowe’s.
1. Walmart: competitors and Alternatives
Walmart is the leading Multinational retail corporation founded in 1962, and incorporated in 1969, it has its headquarters in Bentonville, Arkansas. However, the company is a family business by the Walton family. Walmart company operates across the globe with over 11,500 retail units in 28 countries and as e-retailers in 11 countries.
2. ALDI:
ALDI is a popular supermarket chain set up in the year 1946 in Germany by 2 brothers Karl Albrecht and Theo Albrecht. It is also a Lowes competitor and Alternatives. They took over their mother’s store in the year 1913 and built their brand. The acronym ALDI stands for Albrecht Discount and consists of 2 main groups ALDI SUD and ALDI NORD, each owned by Karl and Theo respectively with independent operations in different markets.
Also, ALDI has left being a small business to a global supermarket that has chains. With an annual turnover of more than $90 billion, employing over 1,00,000 people in its 11,000 stores across 20 countries.
3. Home Depot:
The Home Depot a home improvement supplies superstore that sells tools, construction products and services. Set up in 1978 is a Lowes competitor and Alternative. Home Depot has stores across North America, South America and The United Kingdom.
4. Amazon:
Having start its journey as online book seller, Amazon.com now can be popular as global giant in online retail business. The founder of Amazon.com, Jeff Bezos attracted towards growth of internet reach in early 1990s and started this business in Seattle in 1995. Amazon is now a fortune five hundred company.
5. IKEA:
IKEA by Ingvar Kampard in year 1943 and its headquarters are in Sweden. It Provides its customers low cost functional furniture which is easy to assemble. The main financial principle of IKEA is to grow using own resources.
6. Best Buy:
Best Buy Co., Inc., This is an American multinational, it headquarter is located in Richfield, Minnesota is a consumer electronics retailer. Which was set up in the year 1966 as an audio specialty store by Richard M. Schulze.
7. Target:
This Corporation is one of the largest discount retailer and mass merchandiser in the United States. Target corporation offer everyday essentials at discounted prices. The company was found by George Dayton in 1902 and was called “Goodfellow Dry Goods” at that time.
8. LIDL:
LIDL is one of the biggest competitors of Lowe’s.
Also, in conclusion, the above article furthermore explains various competitors that compete with Lowe’s. This understanding helps to evaluate the various external business factors for any company.
Conclusion of Lowe’s Competitors and Alternatives
This article is on Lowes competitors and Alternatives by our Content & Research Team. It is on review to be published by our Team. The content on this article is solely for educational & academic purpose only.
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