The Home Depot chain has long been known for its expansive selection of home improvement and construction supplies. However, the company has been facing stiff competition from big box stores like Lowe’s and Home Depot’s main rival, Walmart, in recent years. In 2017, the company announced that it would be closing 100 stores in the U.S.
, with the majority of those closures happening in the Western United States. Many have speculated that the closures are related to Home Depot’s struggles to compete with the other big box stores. However, the company has yet to confirm this. .
Looking into the future, it seems likely that Home Depot will continue to face stiff competition from the other big box stores. However, the company’s expansive selection of home improvement and construction supplies may still be enough to keep customers coming back.
In the short term, the closures may cause some inconvenience for customers. However, in the long term, it seems likely that the closures will result in a decrease in competition, which could lead to better prices and a better selection for customers.
