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Lowe's is the second-largest hardware chain in the United States (previously the largest in the U.S. until surpassed by The Home Depot in 1989) behind rival The Home Depot and ahead of Menards. [6] It is also the second-largest hardware chain in the world, also behind The Home Depot but ahead of European retailers Leroy Merlin, B&Q, and OBI. [7]
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The housing market saw a burst of activity in August. New home sales rose around 15% last month, the biggest jump since 2022. Buyers are coming back to the market as mortgage rates ease.
Home Depot stores average 105,000 ft 2 (9,755 m 2) in size and are organized warehouse-style, stocking a large range of supplies. Home Depot's two largest stores are located in Vauxhall, New Jersey, which encompasses 217,000 ft 2 of space, and in Anaheim Hills, California, where it encompasses 204,000 ft 2.
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