Answer:
Home Depot out-performed the Lowe’s in terms of the total sales growth witnessed
Explanation:
Home Depot and Lowe’s are the two top-most home improvement retailers in the United States with a combined market share of of 41%. Both brands started off well in 2016, a year that was challenging for other retailers due to the drastic reduction in the spending power of the customers they are servicing.
Home Depot out-performed the Lowe’s in terms of the total sales growth witnessed. In 2016, in response to this trend and to narrow the existing business performance disparity with the high-performing Home Depot, Lowe’s planned on opening over 45 more stores in the U.S and other international markets.
