Hornbach (retailer) explained

Hornbach Baumarkt AG
Foundation:1977
Location:Bornheim, Germany
Key People:Albrecht Hornbach
Erich Harsch
Industry:Retail (Home Improvement)
Num Employees:22,136 (Feb 2021)
Products:Home improvement products such as home appliances, tools, household hardware, and garden supplies & plants.
Revenue:EUR 5.12 billion
Homepage:https://www.hornbach.de/

Hornbach Baumarkt AG is a German DIY-store chain offering home improvement and do-it-yourself goods. Hornbach is one of the leading DIY-store chains in Germany. 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] The stores are owned and operated by Hornbach Baumarkt AG.[2]

The Hornbach Baumarkt Group currently operates a total of 171 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.[3]

Hornbach in Europe

CountryFirst storedata-sort-type="number"Number of stores[4]
196898
199614
199717
19981
20027
199810
20038[5]
20045
20079 [6]

External links

Media

Notes and References

  1. Web site: Annual Report 2020/21. Hornbach Holding: Annual Report 2020/21 of Hornbach Baumarkt AG Group.
  2. Web site: Köln . RM Handelsmedien GmbH & Co KG, Rudolf Müller Mediengruppe . Hornbach bestätigt verhaltene Umsatzprognose . 2023-07-17 . baumarktmanager.de . en.
  3. http://www.z24.nl/ondernemen/bouwmarktpionier-otmar-hornbach-overleden-hij-leerde-duitsland-doe-het-zelf-485761 Bouwmarktpionier Otmar Hornbach (84) overleden: hij leerde Duitsland doe-het-zelf
  4. Web site: Factbook Fiscal Year 2020/21.
  5. Web site: Hornbach expands in Sweden with smaller format .
  6. Web site: HORNBACH va deschide pe 28 septembrie, la Constanța, magazinul cu numărul 9 din România . 20 September 2022 .