Home Depot Essay

The Home Depot (Ticker: HD) is the world’s largest home-improvement retailer along with being an American Fortune 50 company. The company operates 2,259 retail building supply/home improvement “warehouse” type stores all across the United States, Canada and Mexico. The Home Depot has over 340,000 team members and is based in Atlanta, Georgia. The average store size is just over 100,000 square feet along with an additional 24,000 square feet set aside for seasonal gardening.

More savings. More doing. Now that’s the power of Home Depot (homedepot.com). “ The Home Depot was founded in 1978 by Bernie Marcus and Arthur Blank, along with investment banker Ken Langone and merchandising guru Pat Farrah” (corporate.homedepot.com). The founders envisioned a “one-stop shop” for the do-it-yourselfer. The first Home Depot opened June 22,1979 in Atlanta, Georgia. The first stores had around 60,000 square feet that dwarfed the competition stocking over 25,000 SKUs much more than any other hardware store at the time (corporate.homedepot.com). As a facade to look like there was an abundance of merchandise The Home Depot would stack empty boxes on the shelves. Home Depot has come a long way since their humble beginnings.

Home Depot is the fastest growing retailer in the U.S. by some accounts. It has a fascinating history of innovation and entrepreneurship. The company had some difficulties in the mid-2000s that some attribute to cultural clashes. However, during this period the company was able to take full advantage of the housing boom. Yet when the bubble burst, Home Depot was forced to claim substantial losses. Despite these loses Home Depot has weathered the storm fairly well and is in prime position to take advantage of an economic recovery; if it ever comes.

The Home Depot knows that they must stay on top of technology and management must be able to organize this function in a way that surpasses the competition, pleases the customers, and keep the employees satisfied.

The Home Depot (NYSE: HD) is a home improvement, construction products and services retailer operating over 2,000 big-box stores in the United States and abroad. The Home Depot was founded in 1978 by Bernie Marcus and Arthur Blank with the vision of one-stop shopping for do-it-yourself (DIY) customers, installation services for do-it-for-me (DIFM) customers and competitive products for the professional market. Their DIFM installation programs include products such as carpeting, flooring, cabinets, countertops, and water heaters. In addition, the company provides installation of various professional products like generators and HVAC systems.

Organizational overviewBeginning in 1978, The Home Depot was founded by Bernie Marcus and Arthur Blank. , the founders' vision of one-stop shopping for the do-it-yourselfer came to fruition with the help of investment banker Ken Langone and merchandising guru Pat Farrah. The first two Home Depot stores opened on June 22,

$66.2 billion and $47.2 billion, respectively, which means Home Depot's returns were approximately $5.3 billion

Home Depot is the world's largest home improvement retailer operating in 45 states, Canada, Chili and Puerto Rico. Home Depot stores aim to serve both do-it-yourselfers and professional contractors with home improvement superstores carrying between 40,000 and 50,000 different products. Home Depot has also been listed as one of Fortune's most admired specialty retailers for the past six years. In order for companies to succeed in the competitive current marketplace they must consider not only the bottom line and their investors but also their impacts on the community, their employees, and their customers. Home Depot was founded on the idea that treating employees well is an important responsibility. Home Depot believes employees that are

1. Home Depot currently has 2,200 stores that are open in the United States (homedepot.com, 2017.) The Home Depot stores are known for offering home improvement materials, construction materials, and other products as well as services. The concept and stores were created in 1978 by Arthur Blank and Bernie Marcus (homedepot.com, 2017.) These two creators had an idea for their store to be a facility where customers could come to find a various array of products and services that cater to the do it yourself group. The intent for their organization also included ideas and concepts that allow for customers to find a source for different installation services and offering different products that are intended for the professionals working in the

Home Depot utilized its assets with better efficiency to generate revenues in all three years than Hechinger Company. The higher asset turnover demonstrated Home Depot’s ability in resources control. Home Depot’s financial leverage increased more than 50% from 1984 to 1985, but outperformed Hechinger in 1984 and 1985. It borrowed more debt to support its expansion plan. There were minimal differences for average tax rate between Hechinger and Home Depot in 1983 and 1984. However, Home Depot had a much lower effective tax rate in 1985. Due to the fact that Home Depot did not pay cash dividends, Home Depot’s sustainable growth rate equaled its ROE, which decreased through the years due to the drop in earning and increased

• Nardelli’s expansion strategy resulted in more financial growth rate rather than the appearance of Home Depot.

The Home Depot Inc. was founded in 1978 and is the world’s largest home improvement retailer and the second largest retailer in the United States. The sales for the fiscal year 2000 were $45.7 billion, compared to $38.4 billion in fiscal 1999. As of January 2001, the company was operating 1,134 retail stores in forty-seven states, six Canadian provinces, Puerto Rico, Chile and Argentina.

Home Depot was founded in 1978, which makes it fairly young company, yet it is the largest home improvement retailer in the world. The first two stores were open in Atlanta Georgia. The first stores, at around 60,000 square feet each, were cavernous warehouse that dwarfed the competition and stocked 25,000 SKUs, much more than the average hardware store at the time. There were empty boxes piled so high on the shelves give the illusion of even more product. From the start, associate were able to offer the best customer service in the industry, making sure they guard customer through project such as dry walls, electrical and laying tile etc. associate did not only undergo rigorous product knowledge training but they also began offering how to do it yourself clinics so customer can learn how to do it themselves. The home Depot is the world largest home improvement retailer in the U.S., Canada and Mexico etc. Home Depot has thousands of stores across the county, which really is good for globalization due to the face that they are just here in the states and not worldwide.

A strong foundation for success and growth was already in place in Home Depot under Marcus leadership. The company demonstrated a very strong culture, built on entrepreneurialism and customer service. Abundant promotion opportunities were created due to rapid growth attracting carpenters, plumbers and other building professionals as salespeople. Most of the non-entry-level jobs were filled internally, and from the 400 department heads, just a dozen came from outside the company. Additionally, employee stock

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