WORLD HQ, Toronto ― Big box home improvement stores in Canada continue to represent a significant piece of Canada’s retail home improvement market. But they’re not keeping pace with the overall industry.
According to the Hardlines Retail Report, an exclusive research report on the size and growth of the industry, sales by all big boxes grew by 3.1% in 2017. However this was below the industry average of 5.1%. As a result, the market share of these large format retailers edged down last year.
Nevertheless, the format remains a major force in the industry, especially considering that just two companies, Home Depot Canada and Lowe’s Canada, comprise the lion’s share of the big box market. Kent Building Supplies, which has eight big stores of its own, is the dominant big box retailer in Atlantic Canada.
(All data is from the Hardlines Retail Report. This comprehensive analysis of Canada’s retail home improvement industry is available in either PDF or handy PowerPoint format. It has 200 slides, dozens of charts and graphs, and more photos than ever before. Click here for details and to order your Hardlines Retail Report now!)
