11 home-improvement chains that rose up before Home Depot and Lowe's took over the industry

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 51%

Business News News

Business Business Latest News,Business Business Headlines

The home-improvement business is currently dominated by Home Depot and Lowe's, but that wasn't always the case.

Back in the day, there were far more national and regional chains in the market.When we talk about home-improvement retail, we're essentially talking about two different companies: Home Depot and Lowe's.Throughout the 20th century, plenty of home-improvement chains sprung up around the US.

But the business proved increasingly competitive and unforgiving over time.Builders Square launched in 1970 and grew quickly from there. Kmart bought the home-improvement retailer in 1984. Builders Square became a major player in the do-it-yourself business, but its downfall began after Kmart arranged a merger with rival Hechinger. When Hechinger filed to liquidate in 1999, all Builders Square stores shut down.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in BUSİNESS

Business Business Latest News, Business Business Headlines