The Home Depot is a leading retailer of home and business improvement, construction products and services. Although Home Depot operates in a highly competitive market, they have remained successful. For example, Home Depot, Inc. is the world's largest home improvement specialty retailer with fiscal 2014 retail sales of $83.2 billion and earnings of $6.3 billion (Home Depot Corporate). The success of Home Depot depends on several factors. According to the Annual Report (10K), the success of
directly with Macy’s Inc., Kohl’s Corp., J.C. Penney, Nordstrom, Dillard’s Inc. Belk Inc, Saks Inc., and Bon-Ton Stores (Lazich, 2015). In 2013, Sears’ market share was 21.40% in this sector (Fig. 6 Appendix). In the home services and appliance sectors, Sears competes with Home Depot and Lowes (Sears Holdings Corp., Form 10-K, 2015). In 2014, Sears held a 27.50% market share in appliance sales (Fig. 7 Appendix; Lazich, 2015). Finally, in the online sales sector, Sears.com, through its marketing
Canadian Tire fears a weak economy because it can greatly impact their MasterCard business and threat of new entrants. In the retail market, there are constantly new businesses entering the market and giving competition to retailers like Canadian Tire who may have difficulty to maintain their sales growth. “A cost-reduction program is accompanying the expansion. Canadian Tire has upgraded its supply chain, making it more efficient to get goods on the shelves. And because it buys from around the world