Did Lowe's have more (or less) cash than The Home Depot at the end of ""Fiscal 2016""?

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Business

Alexandria Harmon

25 September, 07:30

Did Lowe's have more (or less) cash than The Home Depot at the end of ""Fiscal 2016""?

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Answers (1)

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Marianna Patrick · Answer 1

Home Depot out-performed the Lowe's in terms of the total sales growth witnessed

Explanation:

Home Depot and Lowe's are the two top-most home improvement retailers in the United States with a combined market share of of 41%. Both brands started off well in 2016, a year that was challenging for other retailers due to the drastic reduction in the spending power of the customers they are servicing.

Home Depot out-performed the Lowe's in terms of the total sales growth witnessed. In 2016, in response to this trend and to narrow the existing business performance disparity with the high-performing Home Depot, Lowe's planned on opening over 45 more stores in the U. S and other international markets.