www.slashgear.com: The Home Depot is a giant in the home improvement sector of the retail industry. In fact, they are the largest company in the space, and it's not particularly close. Home Depot has almost three times the market value of its second-place competitor, Lowe's, with an extra thousand stores to boot and nearly double the operating revenue.
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I’m not a huge fan of Home Depot but I think their strategy of consuming smaller companies in order to expand and specialize in different areas is very interesting. This article shows the unspoken way that Home Depot has gobbled up smaller businesses in the past in order to grow its own empire. I think the kind of transparency displayed in this article is very important, and it’s interesting to see what kind of mergers and acquisitions Home Depot has prioritized, becoming more specialized in areas of home improvement and textiles at the same time as they purchase contractor-focussed companies. I think the distinction between Husky tools being directly owned by Home Depot and the other tool companies that the store just has an exclusivity deal with is interesting but its monopoly over low-cost personal tools cannot be healthy for the industry. Of course, if you’re trying to buy a quality tool you’re probably not making Home Depot your first stop but this article shows that that might be a future possibility as its consumption of other brands continues the American trend of valuing cost-efficient one-stop-shop locations over more specialized locations that provide higher-quality products at the cost of convenience.
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