Trefis estimates additional improvement to round 10.9% in 2019. Comparatively, Home Depot’s number of stores metric has remained nearly flat over the previous few years. Average shops rose from 2,278 in 2016 to 2,287 in 2018.
This disparity is definitely tracked with a metric called sales per square foot. In its third-quarterearnings call, Home Depot management said that sales per sq. foot had been $449. Lowe’s would not present this metric quarterly however does in its annual report. For 2018, its sales per sq. foot were $336, up lower than 1% from $320 in 2017, and nonetheless considerably lagging Home Depot’s 2018 sales of $447 per sq. foot...Read More