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This statistic highlights Sherwin William’s Number of Stores within its Americas Group, from Q1 2016 onwards. Sherwin Williams Co is an American multinational company which is in the painting and coating manufacturing industry. They produce, distribute, and sell paints, coatings and floorcoverings.
|Q1 2020||Q2 2020||Q3 2020||Q4 2020||Q1 2021|
|Total stores – The Americas Group||4,760||4,741||4,758||4,774||4,785|
From the chart, it can be seen that the number of Sherwin Williams stores worldwide, has increased from 4,393 in Q1 2016 to 4,785 in Q1 2021, which is an increase of 9%.
Further, between Q4 2020 when 4,774 stores existed, and Q1 2021, the number of stores saw a growth of 0.23%. The company witnessed a negative growth of -0.4% between Q1 2020 and Q2 2020 where the number of stores actually reduced from 4,760 to 4,741. From Q1 2020 to Q1 2021, it can be seen that the number of stores has increased, from 4,760 to 4,785. Thus, excluding a small dip in the number of stores during the first half of 2020, the number of stores of Sherwin Williams has generally shown an increasing trend, despite the COVID -19 pandemic. The table also shows that, amongst all quarters, the highest inter-quarter growth has been between Q2 2020 and Q3 2020, when the number of stores increased by 17, which was a growth rate of about 0.36%.
Sherwin-Williams and other controlled brands architectural paint and coatings, protective and marine products, OEM product finishes and related products are marketed and sold by Americas Group company-operated stores.
A majority of these products are manufactured in facilities of the Consumer Brands Group. Each store in this segment is engaged in meeting the demands of architectural and industrial paint contractors and do-it-yourself homeowners. In addition to this, each store sells select associated products. Further stores in the Latin America region, meet regional customer demands through developing, licensing, manufacturing, distributing and selling a variety of architectural paints, coatings and related products in North and South America. Given the nature of business, it will not be adversely affected due to the loss of a single customer.
The Americas Group as of December 31, 2019, consisted of operations from subsidiaries in 10 foreign countries. This segment, during 2019, opened 94 new stores which included 83 in the United States, 7 in Canada, and 4 in South America. However, 32 stores were also closed during this period including 6 in the United States, 17 in South America and 9 in Mexico. In comparison, 76 new stores were opened in 2018 and 101 in 2017.
Sherwin Williams is a public limited company, founded by Henry Sherwin and Edward Williams, in 1866. It is headquartered in Cleveland, Ohio. During the year 2018, the company was ranked 190th on the Fortune 500 list of companies. They deal in products such as paints, coatings, stains, caulks, sealants and Applicators. Sherwin Williams Corporation’s key managerial persons are John G. Morikis(Chairman, CEO and President) and Allen J. Mistysyn(CFO). As of 2020, the number of employees of the company has more than 61,000. They operate in three segments namely: The Americas Group, Consumer Brands Group, and Performance Coatings Group. Competitors of Sherwin Williams are BEHR, Ecolab, Benjamin Moore and Kelly Moore Paints. They provide products to professional, industrial, commercial, and retail customers.
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