 | |
| Industry | Retail (Home Improvement) |
|---|---|
| Founded | 1977 |
| Headquarters | Bornheim, Germany |
Key people | Albrecht Hornbach Erich Harsch |
| Products | Home improvement products such as home appliances, tools, household hardware, and garden supplies & plants. |
| Revenue | EUR 5.12 billion |
Number of employees | 22,136 (Feb 2021) |
| Website | [1] |
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[2] 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.
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Transcription
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
| Country | First store | Number of stores[4] |
 Germany |
1968 | 98 |
 Austria |
1996 | 14 |
 Netherlands |
1997 | 17 |
 Luxembourg |
1998 | 1 |
 Switzerland |
2002 | 7 |
 Czech Republic |
1998 | 10 |
 Sweden |
2003 | 8[5] |
 Slovakia |
2004 | 5 |
 Romania |
2007 | 9 [6] |
References
- ^ "Annual Report 2020/21" (PDF). Hornbach Holding: Annual Report 2020/21 of Hornbach Baumarkt AG Group.
- ^ a b Köln, RM Handelsmedien GmbH & Co KG, Rudolf Müller Mediengruppe. "Hornbach bestätigt verhaltene Umsatzprognose". baumarktmanager.de. Retrieved 2023-07-17.
{{cite web}}: CS1 maint: multiple names: authors list (link) - ^ Bouwmarktpionier Otmar Hornbach (84) overleden: hij leerde Duitsland doe-het-zelf - Z24 (in Dutch)
- ^ "Factbook Fiscal Year 2020/21".
- ^ "Hornbach expands in Sweden with smaller format".
- ^ "HORNBACH va deschide pe 28 septembrie, la Constanța, magazinul cu numărul 9 din România". 20 September 2022.
External links
Media
- Portrait of Albrecht Hornbach at the Wayback Machine (archived April 13, 2012)
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This page was last edited on 29 December 2023, at 13:36