Hornbach (retailer)

Hornbach Baumarkt AG is a German DIY-store chain offering home improvement and do-it-yourself goods. In the 2020/2021 financial year (March 1, 2020 to February 28, 2021), the Hornbach Baumarkt Group generated sales of Euro 5.1 billion.[1]

Hornbach Baumarkt AG
IndustryRetail (Home Improvement)
Founded1977
HeadquartersBornheim, Germany
Key people
Albrecht Hornbach
Erich Harsch
ProductsHome improvement products such as home appliances, tools, household hardware, and garden supplies & plants.
RevenueEUR 5.12 billion
Number of employees
22,136 (Feb 2021)
Websitewww.hornbach.de
Hornbach activities
A Hornbach store

The Hornbach Baumarkt Group currently operates a total of 161 DIY megastores with garden centers and online stores in nine European countries, of which 96 stores are located in Germany (plus: Austria, the Netherlands, the Czech Republic, Luxembourg, Switzerland, Sweden, Slovakia, and Romania), as well as two specialist stores for hard flooring (Bodenhaus) in Germany.

Until March 2014, it was 21% owned by Kingfisher plc, a UK company, who also own the B&Q and Castorama DIY chains. Kingfisher sold off the interests as it was planning expansion in new markets that would be in direct competition with Hornbach. Kingfisher has since launched its Screwfix stores in Germany and Brico Dépôt stores in Romania, where Hornbach operates.

History

In the 1960s, the Wilhelm Hornbach OHG was in a bad state, so his grandson Otmar Hornbach launched the idea of a do-it-yourself home improvement store after a visit to the United States. The business was filed on the stock exchange in 1987 and has expanded to a chain of 163 stores.

Otmar Hornbach died on 2 August 2014.[2]

Hornbach in Europe
Country First store Number of stores[3]
Germany196898
Austria199614
Netherlands199717
Luxembourg19981
Switzerland20027
Czech Republic199810
Sweden20037
Slovakia20044
Romania20078

References
  1. "Annual Report 2020/21" (PDF). Hornbach Holding: Annual Report 2020/21 of Hornbach Baumarkt AG Group.{{cite web}}: CS1 maint: url-status (link)
  2. Bouwmarktpionier Otmar Hornbach (84) overleden: hij leerde Duitsland doe-het-zelf - Z24 (in Dutch)
  3. "Factbook Fiscal Year 2020/21".{{cite web}}: CS1 maint: url-status (link)

Media


This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.