The Moat Anatomy · Moat & Competition
Home Depot and Lowe's Sell the Same Drill. Only One of Them Still Sells It at Retail.
Same SKUs, same parking lots, same orange-vs-blue rivalry. But in June 2024 Home Depot paid $18.25B for a roofing distributor and added a second business that has nothing to do with retail foot traffic. Lowe's, three decades older, is still chasing the Pro customer it has never owned.
8 min