Top home improvement retailers in Canada by sales 2018

Home Depot was the leading home improvement retailer in Canada in 2018, with sales amounting to around 8.5 billion Canadian dollars. Lowe’s and Home Hardware stores ranked in second and third places, with sales of around 7.4 and 6.6 billion Canadian dollars respectively.

Home Depot origins

Home Depot, the American home improvement retailer, was founded in 1978. The company’s original aim was to build retail superstores larger than any of their competitors and the first two stores were opened in Atlanta, Georgia in the next year. In 1981, the retailer branched out of Georgia and began to open more stores in different states and later entered neighboring markets. By 2018, Home Depot operated almost 2,300 big-box home improvement stores across the whole of North America and Mexico.

Consumers’ choice

Results from a recent consumer survey support Home Depot’s sales ranking - over 40 percent of Canadian respondents stated that Home Depot was their DIY and home improvement retailer of choice. With almost 50 percent of Canadians planning to renovate their homes in 2019, it is important for Home Depot to keep this loyal customer base.