The Home Depot, Inc.
Beginning with just three stores, the Home Depot now boasts stores in all fifty states, Canada, Mexico, and Chile. Turning a potential disaster into an opportunity, Marcus, a native of Newark, New Jersey, Home depot history Blank, a native of New York City, hatched a business plan.
After securing sufficient capital and searching nationwide for a suitable location, Marcus and Blank opened two stores on June 22,in Atlanta, which made the city the official home of the Home Depot. The stores were a rousing success, Arthur Blank and Marcus and Blank initiated an aggressive yet well-planned expansion program.
By the Home Depot had grown from three stores employing people to more than 1, stores employingpeople. Despite such criticism, the company continued its expansion. The Home Depot revolutionized the home-improvement industry by offering a wide selection of merchandise, low prices, and exemplary customer service to both the professional contractor and the do-it-yourself customer.
Before the advent of Home Depot, small mom-and-pop stores, carrying a limited and specific selection of merchandise, dominated the industry and typically emphasized sales to the professional contractor.
As a result, home-improvement projects often required driving to several stores to obtain the necessary materials. By contrast, the Home Depot stores offer a one-stop shopping warehouse. The average Home Depot store is approximatelysquare feet and is stocked from floor to ceiling with some 40, different products.
An emphasis on size and volume allows the Home Depot to remain profitable by selling more for less. This, in turn, allows the Home Depot to negotiate lower prices from the merchandise vendors, with the savings passed on to the consumer.
The Customer Service Home Depot stores are staffed by knowledgeable professionals who are able to assist the novice in home improvement. Every Home Depot associate undergoes extensive and continuous training in product knowledge and customer-service skills.
To further assist the do-it-yourself customer, and to bolster sales, the Home Depot stores also provide home-improvement training seminars to the public free of charge.
You Might Also Like.Find out what you don't know about home improvement retailing giant Home Depot's products, brands, strategies, customers, and stores.
Download the full history timeline Self-reliance. Resilience. Tireless optimism. These are the traits of our customers. We built The Home Depot for them, to provide them with the products, services and knowledge they need to create the homes of their dreams.
Decades later, they’re still the No. 1 reason we wear the orange apron. HD historical prices, HD historical data,Home Depot, Inc. (The) Common Stock historical prices, historical stock prices, historical prices, historical data.
|The Home Depot - Wikipedia||Download the full history timeline Self-reliance.|
|2000 - Present||Home Depot Did the jilted wife of the owner of Home Depot create the Lowe's chain of home improvement stores?|
|1990 - 1999||This framework is centered on three tenets: Customer experience, product authority and capital allocation driven by productivity and efficiency.|
|Dividend History | The Home Depot||The Home Depot Backyard occupies the site of the Falcons' previous stadium, the Georgia Domeand serves as parking and tailgating space during Falcons' and Atlanta United FC home games and public use greenspace during non-event days.|
Nov 16, · In , Home Depot listed their company on the New York Stock Exchange (NYSE), and by , the company was able to report sales amounting to about $1 billion.
In , Home Depot’s sales rose to $20 billion that made the company the fastest growing home improvement retailer/10(8). You may automatically receive The Home Depot, Inc. financial information by e-mail. To choose your options for e-mail notification, please enter your e-mail address below and click Submit.
submit. The Home Depot began after coworkers Bernie Marcus and Arthur Blank were fired on the same day in from their executive jobs at Handy Dan Home Improvement Centers in southern California.
Turning a potential disaster into an opportunity, Marcus, a native of Newark, New Jersey, and Blank, a native of New York City, hatched a business plan.