The Total retail space of The Home Depot, Inc. in United States of America reached 206,336 Sq. Ft. in 2020
The indicator recorded a historical growth (CAGR) of 0.07% between 2017 to 2020
Apparel retail in the United States
The apparel retail market includes baby clothing, toddler clothing and casual wear, essentials, formalwear, formalwear-occasion, and outerwear for men, women, boys and girls; excludes sports-specific clothing.
The US apparel retail market experienced moderate growth during the historic period, with the exception in the year 2020 when it declined by a significant share. The market is expected to recover and achieve strong growth in 2021. Increased consumer confidence translates into better domestic consumption, which has historically driven apparel retail sales in the country.
Impact of COVID-19
The US market declined by a significant share in 2020 due to lockdown measures which was introduced to inhibit the spread of COVID-19. With lockdown measures implemented throughout the year meaning all non-essential travel was prohibited, apparel retail was one of the worst hit retail sectors in 2020. As more consumers stayed at home, the demand for new clothing was not present. As a result, the pandemic has adversely affected the apparel market and led several retailers and brands to file for bankruptcy, speeding up the shakeout of the weakest who were already struggling because of over-expansion, high debts and lack of relevance to changing demand.
Company overview
The Home Depot Inc (Home Depot) retails home improvement products. The company offers various products including building materials, home improvement supplies, hardware, electrical products, kitchen and bath products, flooring and paint products, appliances, and lawn and indoor and outdoor garden products. The company offers various services including credit card services, home delivery, e-retail and installation services.
Home Depot offers its products under various brands including HDX, Husky, Hampton Bay, Home Decorators Collection, Glacier Bay, Vigoro, Everbilt, RIDGID, Home Depot, LifeProof, SuperClean, EcoSmart, PetProof and Ryobi. It merchandises products through various e-commerce websites including homedepot.com, homedepot.ca, homedepot.com.mx, blinds.com and thecompanystore.com. The company’s operations are spread across the US, Canada and Mexico. Home Depot is headquartered in Atlanta, Georgia, the US.
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