Home Depot failed to enter the markets in Chile and Argentina due to strong local competition and an inability to attract loyal customers. While Home Depot has traditionally succeeded due to excellent management, competitive prices, superior customer service, and a full product range, it has now cut back expansion plans and opened smaller urban stores and design centers focused on women to diversify. Home Depot also plans to expand appliance sections to boost sales and compete with Lowe's large appliance business.
Home Depot failed to enter the markets in Chile and Argentina due to strong local competition and an inability to attract loyal customers. While Home Depot has traditionally succeeded due to excellent management, competitive prices, superior customer service, and a full product range, it has now cut back expansion plans and opened smaller urban stores and design centers focused on women to diversify. Home Depot also plans to expand appliance sections to boost sales and compete with Lowe's large appliance business.
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Home Depot failed to enter the markets in Chile and Argentina due to strong local competition and an inability to attract loyal customers. While Home Depot has traditionally succeeded due to excellent management, competitive prices, superior customer service, and a full product range, it has now cut back expansion plans and opened smaller urban stores and design centers focused on women to diversify. Home Depot also plans to expand appliance sections to boost sales and compete with Lowe's large appliance business.
Copyright:
Attribution Non-Commercial (BY-NC)
Available Formats
Download as PPTX, PDF, TXT or read online from Scribd
stiff local competition and the inability to steal their extremely loyal customers. • Home Depot’s key success factors are excellent management, competitive prices, superior customer service, full range of product and expansive distribution channels. It has also invested and committed to build its web presents and e-commerce strategy to counter the new entries of many home improvement e-tailers. • Home Depot has cut back its overall expansion pace. Some of those new stores are smaller "neighborhood" units, designed for urban markets such as Chicago and Brooklyn, N.Y., and Expo Design Centers, aimed mostly at women. Home Depot already has 48 of those centers, which provide decorating services and other high-end goods. In order to counter Lowe's huge share of major appliance sales which is12.1% of the market is larger than any retailer except Sears, Roebuck & Co., Home Depot plans to build larger appliance sections in 200 existing stores and include them in new stores as well.