Home Depot Defends Against Amazon With Size and Speed
Ever since Amazon.com (NASDAQ: AMZN) came on the scene, it's been taking market share from competitors worldwide. By increasing the items available on its site, improving efficiency, offering convenience to customers through fast shipping, and keeping prices low, Amazon puts pressure on retailers to play its game or risk losing customers. As a result, Amazon is primarily taking the blame for starting the retail apocalypse, where several bricks-and-mortar retailers went out of business.
Still, some retailers are keeping the behemoth at bay. One of them is Home Depot (NYSE: HD). Through a combination of size, speed, and the ability to sell big and bulky products that are difficult to ship, Home Depot has so far fended off Amazon from encroaching on its business.
A typical Home Depot store is 105,000 square feet. Image source: Home Depot.
Source Fool.com
