Top 20 Home Depot Competitors & Alternatives in 2024

The top Home Depot competitors are Target, Lowe’s, JC Penney, Walmart, Amazon, Best buy, Staples and others.
Home Depot is an American home improvement retailer company is situated in Georgia, United States. Home Depot has about 2,200 stores in United States, Mexico, and Canada.

The total number of people employed by Home Depot exceeds 518,100. By 2023, it’s Market Cap and net income were $329.13B and $4.659B respectively. Home Depot gross profit for the quarter ending July 31, 2023 was $14.157B.

Home Depot is also associated with online commerce. Home Depot offers more than 35,000 products in stores and more than one million products are available online. Their products fall into the categories of home appliances, hardware, building materials, flooring, garden requirements and many more. They offer a good customer by placing their requirements first.

Top 20 competitors of Home Depot in 2023

1) Target

• Product Type: General merchandise retailer
• Industry: Retail
• Founded Date: 1902
• Founder: George Dayton
• Headquarters: Minneapolis, Minnesota, United States
• Area Served: United States
• Current CEO: Brian Cornell
• Revenue: $24.773B (July 31, 2023)
• Number of employees: 440,000 (2023)
• Market cap: $60.56B (August 18, 2023)

Target Corporation is a discount retailer that is headquartered in the United States. As of May 22, 2023, Target has 1,954 stores located in various parts of the United States. Target Corporation has a widespread deal with various products based on the design and brand.

Target gross profit for the quarter ending July 31, 2023 was $6.975B. Target net income for the quarter ending July 31, 2023 was $0.835B. Target operating income for the quarter ending July 31, 2023 was $1.197B.

The stores of Target offer products at low cost and of high quality. The products offered by Target Corporation are apparel, accessories, baby products, furniture, electronics and many more. The stores are designed in an attractive manner by having wider passages and drop ceilings. The products display is arranged in an attractive way with clean fixtures.  Due to their excellent selection of products and the brands, it is considered as top Home Depot competitors.

2) Lowe’s

• Product Type: Home improvement retailer
• Industry: Retail
• Founded Date: March 1, 1921
• Founder: Lucius Smith Lowe
• Headquarters: Mooresville, North Carolina, United States
• Area Served: United States and Canada
• Current CEO: Marvin Ellison
• Revenue: $22.347B (April 30, 2023)
• Number of employees: 307,000 (2023)
• Market cap: $128.53B (August 18, 2023)

Also regarded as a top home improvement, Lowe’s was founded in the year 1946 and is headquartered in North Carolina, United States. Lowe’s has been into home improvement for more than 70 years.

Lowe’s has various product categories like appliances, bathroom products, building products, doors & windows, electrical products, home décor and furniture, lawn and garden, lighting and ceiling fans, outdoor products and many more.  It also provides home services for their products in form of design, project management, and installation.

Lowe’s has a workforce of 307,000 people who drove its sales to $22.34 billion in the year 2023.  In the same year, the company’s Market Cap is $128.53B. As of January 28, 2022, Lowe’s operated 1,971 home improvement and hardware stores.

Lowe’s reported total sales of approximately $88-$90 billion for fiscal year 2023, which is a 52-week year (comparisons to full year 2022, which was a 53-week year). Lowe’s reported net sales of $22,347 million for the first quarter of 2023, which ended on May 5, 2023. Lowe’s annual gross profit for 2023 was $32.257B.

Lowe’s aims at making the customers home a better place to live. As Lowe’s is one of the fastest rising companies with regards to home improvement and due to their wide products and services, it is indeed considered as one of the top Home Depot competitors. 

3) JC Penney

• Product Type: Department store
• Industry: Retail
• Founded Date: April 14, 1902
• Founder: James Cash Penney
• Headquarters: Plano, Texas, United States
• Area Served: United States, Puerto Rico
• Current CEO: Marvin Ellison

JC Penny is department store situated in the United States. JC Penney offers a broad range of branded products to the customers. Their products are from the categories of furniture, bed and bath products, women, men and kid’s products, jewelry and many more.

It has about 870 stores across the United States and also has their operations through online commerce with the website named jcpenney.com. Their operations are well-taken care by their offices spread across 11 supply chain facilities in Plano and Texas.

For the benefit of their shoppers, JC Penney reforms their business into a technology-oriented one, the ways that the customers will desire. Due to their services and product categories, JC Penney is considered as one of the top Home Depot competitors.

4) Walmart

• Product Type: Hypermarkets, discount department stores, and grocery stores
• Industry: Retail
• Founded Date: July 2, 1962
• Founders: Sam Walton and James “Bud” Walton
• Headquarters: Bentonville, Arkansas, United States
• Area Served: Worldwide
• Current CEO: Doug McMillon
• Revenue: $161.632B (July 31, 2023)
• Market cap: $424.15B (August 21, 2023)
• Number of employees: 2,100,000 (2023)

Walmart is a multinational retail corporation that is based out in the United States. It controls a series of discount departmental stores, grocery stores, and hypermarkets. It is considered the world’s largest revenue generating company.

In India, Walmart have about 21 stores across nine states that offer almost 5,000 products to the customers in a wholesale format of Cash and Carry. Walmart’s stores give the best price with wider choice and focus on the quality of products to their customers. Walmart stores cater to the wide range of business requirements by the customers.

Walmart has expanded internationally and currently operates approximately 10,500 stores and clubs in 20 countries

Walmart net income for the quarter ending July 31, 2023 was $7.891B. Walmart gross profit for the quarter ending July 31, 2023 was $39.782B. Walmart total assets for the quarter ending July 31, 2023 were $245.053B.

Walmart stores provide services to three main categories of business – Reseller, Offices & Institutions and Hotels, Restaurants and Caterers. The business members will get huge benefits for the variety of products. The businesses requirements will be fulfilled with great discounts, offers and a flexible payment options. Due to their great reach across, Walmart is considered as one of the top Home Depot competitors. 

5) Amazon

• Product Type: Online retailer, cloud computing platform, digital streaming, and artificial intelligence
• Industry: E-commerce
• Founded Date: July 5, 1994
• Founder: Jeff Bezos
• Headquarters: Seattle, Washington, United States
• Area Served: Worldwide
• Current CEO: Andy Jassy
• Revenue: $134.383B (June 30, 2023)
• Market cap: $1374.53B (August 18, 2023)
• Number of employees: 1,541,000 (2022)

Amazon is popular as an e-commerce company that is based in Seattle; Wash. Amazon uses the cloud technology platform and is the largest retailer in the world which provides its services over the internet. Amazon.com started by started by selling books, TV shows, and films during their initial years of service.

At present, Amazon extended its services to an extensive range of products under one roof. It includes electronics, food, grocery, clothing and many more. Amazon provides various deals on daily basis and also during festive times.

Amazon gross profit for the quarter ending June 30, 2023 was $65.010B. Amazon net income for the quarter ending June 30, 2023 was $6.750B.

Amazon provides a website and also an app for the users to make their online shopping easy. The interface helps the user to place the order of their choice, make payments online, track the orders and also provides return and refund of items if not satisfied. Due to their popularity and their brand, Amazon is considered as one of the top Home Depot competitors.

6) Best buy

• Product Type: Consumer electronics retailer
• Industry: Retail
• Founded Date: August 22, 1966
• Founder: Richard M. Schulze
• Headquarters: Richfield, Minnesota, United States
• Area Served: United States, Mexico, and Canada
• Current CEO: Corie Barry
• Revenue: $9.467B (April 30, 2023)
• Market cap: $17.21B (August 22, 2023)
• Number of employees: 90,000(2023)

Best Buy is a multinational consumer electronics company that is located in Minnesota, United States. Best Buy has their business operations in United States, Mexico, and Canada. Their products fall into the category of Appliances, TV and Home theatre, Computer, Cameras, Cell phones and many more.  It is a foremost supplier of products, services, and solutions that are related to technology.

Best Buy net income for the quarter ending April 30, 2023 was $0.244B. Best Buy gross profit for the quarter ending April 30, 2023 was $2.150B.

Best Buy provides good customer service for those who visit their store. It has about 1,000 stores across United States, Mexico, and Canada. Best Buy also provides online commerce. A customer can make use of BestBuy.com or also Best Buy app to avail the services.  Due to their products and technology-oriented services, Best Buy is considered as one of the top Home Depot competitors.

7) Staples

• Product Type: Office supplies retailer
• Industry: Retail
• Founded Date: May 1, 1986
• Founders: Leo Kahn and Thomas G. Stemberg
• Headquarters: Framingham, Massachusetts, United States
• Area Served: United States, Canada, and Puerto Rico
• Current CEO: John A. Lederer

Also regarded as one of the top Home Depot competitor, Staples is a company that provides office equipment and equipment that are used in organizations. It provides various kinds of work-related solutions which deliver industry related products and services. Their services include facilities, promotional products, technology, print, and marketing. As of July 5, 2023, there were 998 Staples stores in the United States.

Staples cater to businesses from small to big size business. It deals with customers through many channels like sales, online commerce, through app and retail. As Staples is regarded to be one of the fastest growing companies, it is indeed considered as one of the top Home Depot competitors.

8) Kingfisher PLC

• Product Type: Home improvement retailer
• Industry: Retail
• Founded Date: 16 September 1982
• Founder: Paternoster Stores Ltd.
• Headquarters: City of Westminster, London, United Kingdom
• Area Served: Eight countries in Europe
• Current CEO: Thierry Garnier
• Revenue: £13,183 million (2022)
• Number of employees: 80,000 (2023)
• Market cap: $5.69 Billion (September 2023)

Kingfisher PLC is global home improvement company that is located in London, United Kingdom. The company considers that people should have a home that makes them feel good and hence Kingfisher PLC works for a better home improvement solutions that are provided to their customers. It also makes their home improvement services available to the people.

Kingfisher PLC works across with their brands B&Q, Castorama, Brico Depot, Screwfix, and Kostas. B&Q has about 40,000 products in home improvement and garden. Castorama has about 50,000 products that cater to home and garden requirements.

Brico Depot offers customers about 10,500 DIY and renovation products. Screwfix offers tools for the trade, plumbing, electrical and kitchen. Due to their huge product categories, Kingfisher PLC is considered as one of the top Home Depot competitors.

Net income of kingfisher Plc was £843 million in 2022. Operating income in 2022 was £1,086 million.

9) True Value

• Product Type:  Home improvement company
• Industry: Automotive
• Founded Date: 2001
• Founder: Maruti Suzuki India Limited
• Headquarters: New Delhi, India
• Area Served: India
• Current CEO: Shashank Srivastava

Also regarded as a top home improvement company, True Value Company was founded in the year 1948 and is situated in Illinois, United States. Their products include home improvement products, household hardware, tools, home appliances, building materials, paint, and plumbing materials. It also provides equipment on the rental basis.

True Value provides an exciting store that gives a good feel for the retail experience. It focuses on great customer service.  The company operates at more than 4,500 locations across the globe. As it is considered as fastest growing home improvement company, True Value is considered as one of the top Home Depot competitors.

10) Costco

• Product Type:  Home improvement company
• Industry: Retail
• Founded Date: September 15, 1983
• Founders: Jeffrey H. Brotman and James Sinegal
• Headquarters: Issaquah, Washington, United States
• Area Served: United States, Canada, Mexico, United Kingdom, Japan, South Korea, Taiwan, Australia, and China
• Current CEO: W. Craig Jelinek
• Revenue: $53.648B ( May 31, 2023)
• Number of employees: 304,000 (2022)
• Market cap: $241.46B (August 18, 2023)

Yet another home improvement company, Costco is dedicated to bringing out the feasible prices for the customers. Their main focus is on quality and price so that the customers will be able to get the benefit of their service.

Costco is being operated at more than 100 locations across the globe. It offers a wide array of selection in various categories and also the accessibility of departments and membership access that is designed carefully to meet the customer requirements.

In 2023, its Market Cap was $241.46B and net income $1.302 billion. Costco gross profit for the quarter ending May 31, 2023 was $6.473B. Costco operating income for the quarter ending May 31, 2023 was $1.679B.

Their product categories that are offered to their customers are electronics, furnishings, gifts, books, jewelry, home & kitchen, office products, clothing, baby products and the lot more under one roof. Due to their wide reach of retail business, Costco is considered as one of the top Home Depot competitors.

11) Macy’s

• Product Type: Department store
• Industry: Retail
• Founded Date: October 28, 1858
• Founder: Rowland Hussey Macy
• Headquarters: New York City, New York, United States
• Area Served: United States
• Current CEO: Jeff Gennette
• Revenue: $5,173 million (April 30, 2023)
• Market cap: $4.01B (August 22, 2023)
• Number of employees: 94,570 (2023)

An American department store, Macy’s operates in about 690 locations across the United States with the name Macy’s and Bloomingdale’s and about 160 stores with the name Bluemercury. Macy’s operates in about 44 states. It also has their operations through online commerce with the websites being marcys.com, bloomingdales.com, and bluemercury.com.

 Macy’s Annual Gross Profit in 2023 is $2,185(Millions of US $). Macy’s Annual Net Income in 2023 is  $155(Millions of US $).

Macy’s has a wide range of products under the categories of women, men, home, bed & bath, shoes, handbags, accessories, kid’s watches and many more. Macy’s business operations also ensure that it provides best customer service right from the start to end. Due to their reachability and their wide range of products, it is considered to be one of the top Home Depot competitors.

12) Kohl’s

• Product Type: Department store
• Industry: Retail
• Founded Date: September 12, 1962
• Founder: Maxwell Kohl
• Headquarters: Menomonee Falls, Wisconsin, United States
• Area Served: United States
• Current CEO: Michelle Gass
• Revenue: $18,098 million
• Market cap: $3.17B (August 22, 2023)
• Number of employees: 97,000 (2023)

Yet another home improvement company, Kohl’s is located in the United States. It is an American based retail establishment that offers a wide range of consumer goods under in many product categories. Kohl’s products fall under the categories footwear, clothing, bedding, jewelry, furniture, electronic products, beauty products and home appliances.

Kohl’s Annual Gross Profit in 2023 is $6,641 (Millions of US $). Kohl’s Annual Net Income in 2023 is $-19 (Millions of US $).

Kohl’s main focus is to enable families to make a fulfilled living. Kohl’s generates wonderful products for their customers by offering them the known brand for their products. It has approximately 1,155 stores that are operated in about 49 states. Kohl’s is technology oriented to make shopping experience unique. Due to their product and service, Kohl’s is considered to be one of the top Home Depot competitors.

13) Dillard’s

• Product Type: Department store
• Industry: Retail
• Founded Date: 1938
• Founder: William T. Dillard
• Headquarters: Little Rock, Arkansas, United States
• Area Served: 29 states in the United States
• Current CEO: Alex Dillard
• Revenue: $6.996B (2023)
• Market cap: $5.47 Billion (September, 2023)
• Number of employees: 29,900 (2023)

Yet another retail establishment that offers a wide range of consumer goods under in many product categories, Dillard’s is headquartered in the United States. Dillard’s products fall under the categories footwear, clothing, bedding, jewelry, furniture, electronic products, beauty products and home appliances.

Dillard’s annual revenue for 2023 was $6.996B. Dillard’s annual gross profit for 2023 was $3.013B. Dillard’s annual net income for 2023 was $0.892B.

The stores of Dillard’s accommodate to middle and upper-middle-class people with the main focus on apparel and home furnishings. Dillard’s has their business operations in their retail outlets located in various shopping malls, open-air centers and also through online commerce. Due to their various product categories, Dillard’s is considered as one of the top Home Depot competitors.

14) Walgreens

• Product Type: Department store
• Industry: Retail
• Founded Date: 1901
• Founder: Charles R. Walgreen
• Headquarters: Deerfield, Illinois, United States
• Area Served: United States, Puerto Rico, and the U.S. Virgin Islands
• Current CEO: Rosalind Brewer
• Revenue: $35.415B (May 31, 2023)
• Number of employees: 325,000 (2022)
• Market cap: $22.91B (August 18, 2023)

An American company that operates for the pharmacy sector, Walgreens is headquartered in Chicago. It started its initial operations as a drug store and later ventured into setting up ice cream and alcohol stores. It is well known for services related to health and wellness products, filling prescriptions and health information.

Walgreens net income for the quarter ending May 31, 2023 was $0.118B. Walgreens gross profit for the quarter ending May 31, 2023 was $6.589B.

This store provides products to the customers at an affordable rate. Apart from selling drugs, Walgreens also has the option of providing health information and services to their customers. Due to their innovative services and their focus on pharmacy, Walgreens is considered as one of the Home Depot competitors.

15) Menards

• Product Type: Home improvement retailer
• Industry: Retail
• Founded Date: 1958
• Founder: John Menard Jr.
• Headquarters: Eau Claire, Wisconsin, United States
• Area Served: 15 states in the Midwestern United States
• Current CEO: John Menard Jr.

Menards is a family-owned and operated home improvement retail company headquartered in Eau Claire, Wisconsin. The company was founded by John Menard Jr. in 1960 and has since grown to become the third-largest home improvement chain in the United States, more than 300 stores in 15 states.  The company sells a wide range of products, including lumber, building materials, tools, hardware, and home decor.

Menards has expanded its operations over the years, opening locations in Iowa, Minnesota, North Dakota, South Dakota, Nebraska, Illinois, Indiana, Michigan, and other states. The company has been successful in providing quality products and services to its customers while also maintaining a non-union workforce.

In 2022, Menards ranked 28th on Forbes’ list of “America’s Largest Private Companies” with an estimated revenue of US$ 13 billion.

16) Home Hardware

• Product Type: Home improvement retailer
• Industry: Retail
• Founded Date: 1964
• Founder: Walter Hachborn
• Headquarters: St. Jacobs, Ontario, Canada
• Area Served: Canada
• Current CEO: Kevin Macnab

Home Hardware Stores Ltd. is a Canadian home improvement, construction materials, and furniture retailer. It was co-founded in 1964 by Walter Hachborn and is headquartered in St. Jacobs, Ontario. The chain is cooperatively owned by over 1,100 independently owned member stores, including one located in the French territory of Saint Pierre and Miquelon. Home Hardware offers a complete range of both hardware store and building center products. Lumber, tools, paint, plumbing, and electrical supplies are some of the products available.

Home Hardware has won several awards for its business practices.

17) At Home

• Product Type: Home decor superstore
• Industry: Retail
• Founded Date: 2014
• Founder: Lee Bird III
• Headquarters: Dallas, Texas, United States
• Area Served: 40 states in the United States
• Current CEO: Lewis Bird

At Home is a home decor superstore that offers a wide range of products for every room, style, and budget. The company was founded in 1979 and is headquartered in Plano, Texas. At Home  is known for its vast selection of home decor items, including furniture, rugs, lighting, wall art, and seasonal decorations. The company’s mission is to provide customers with a one-stop-shop for all their home decor needs, at affordable prices.

At Home has a user-friendly website that allows customers to browse and purchase products online, as well as find inspiration and ideas for their home decor projects. The company also offers a loyalty program, At Home Insider Perks, which provides members with exclusive discounts, early access to sales, and other perks. Overall, At Home is a popular destination for those looking to decorate their homes on a budget without sacrificing style or quality.

18) Abt Electronics

• Product Type:  Home decor superstore
• Industry: Retail
• Founded Date: 1936
• Founder: Jewel Abt
• Headquarters: Glenview, Illinois, United States
• Area Served: United States
• Current CEO: Mike Abt

Abt Electronics is the largest independently-owned, single-location retailer of electronics, appliances, and home goods in the USA. It was founded in 1936 by David Abt and his wife Jewel Abt as a small store with only three employees in the Logan Square neighborhood of Chicago. Today, Abt carries tens of thousands of products in a variety of categories including appliances/custom kitchens, gourmet cooking, home comfort, TV and A/V, computers, furniture, mattresses, watches, fitness, and more.

Abt Electronics has technical in-house staff that handles repairs, installation, and service issues. Each member of the Abt service team is recognized by the store’s manufacturers as having superior repair knowledge and skills.

19) Sodimac Homecenter

• Product Type: Home improvement retailer
• Industry: Retail
• Founded Date: 1952
• Founder: Ricardo Solari Magnasco
• Headquarters: Santiago, Chile
• Area Served: Chile, Argentina, Brazil, Colombia, Peru, Uruguay, and Mexico
• Current CEO: Alejandro Arze Safian

Sodimac Homecenter is a Chilean-based chain of home improvement stores that offers a wide range of household items and building materials. It is owned and operated by Falabella and has stores in Argentina, Brazil, Chile, Colombia, Mexico, Peru, and Uruguay. Homecenter is like a combination of Home Depot and Bed Bath & Beyond, offering everything from tools, home improvement products, lumber, cabinets, flooring, kitchen items, bathroom items, bedroom items, furniture, appliances, pet products, auto products, cleaning products, paints, and much more. Homecenter is convenient for home improvement projects and also when furnishing an apartment.

20) Nebraska Furniture Mart

• Product Type: Home improvement retailer
• Industry: Retail
• Founded Date: 1937
• Founder: Rose Blumkin
• Headquarters: Omaha, Nebraska, United States
• Area Served: Nebraska, Kansas, Iowa, Texas
• Current CEO: Irv Blumkin

Nebraska Furniture Mart is a home furnishing store that sells furniture, flooring, appliances, and electronics. It is the largest of its kind in North America and was founded in 1937 by Rose Blumkin, who was known as Mrs. B., in Omaha, Nebraska. The Mart is known for its vast selection of home furnishings and moderate prices. In terms of material quality, a shopper with a keen eye might be able to comb through their vast catalog of items to find a good deal, but make sure to take a look at what goes into the furniture if possible.

Nebraska Furniture Mart has expanded its retail operation to North Texas, and the new store started construction in September 2012 in The Colony. Overall, Nebraska Furniture Mart is a fourth-generation family business that supports its community’s well-being through jobs, revenue, and meaningful history.

Conclusion

The requirements for the home are a never-ending task and people tend to keep buying things as and when they are out. In the digital technology decision makers are moving at a very fast pace to achieve their business goals and objectives. Home Depot makes use of digital technology for providing various solutions to provide the living for the customers.

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