Home Depot
Home Depot is an American multinational home improvement retailer. It sells tools, construction products, appliances, and services, including fuel and equipment rentals.
Home Depot is the largest home improvement retailer in the United States. In 2021, the company had 490,600 employees and more than $151 billion in revenue. Its headquarters are in unincorporated Cobb County, Georgia. It has an Atlanta mailing address. It has many big-box stores across the U.S., including all 50 states, D.C., Guam, Puerto Rico, and the U.S. Virgin Islands.
It also has stores in all 10 Canadian provinces and all 32 Mexican states, plus Mexico City.
The Home Depot owns the MRO company Interline Brands (now The Home Depot Pro). It has 70 distribution centers across the U.S. Home Depot is the 6th largest U.S. employer.
History 1978–1999
Home Depot Bernard Marcus, Arthur Blank, Ron Brill, Pat Farrah, and Ken Langone founded it in 1978. The Home Depot planned to build bigger home improvement superstores than its competitors.
Investment banker Ken Langone helped secure funds for the founders, Marcus and Blank. Bernie and I founded The Home Depot with a vision. We wanted to create a company that would uphold our values.
Values like respect, great customer service, and giving back to society. The Home Depot Atlanta Store Support Center, 2018. On June 22, 1979, the first two stores opened in metro Atlanta.
They were in Doraville and on Memorial Drive in Decatur, both near I-285. J. C. Penney leased spaces for the stores they built. Those spaces had been Treasure Island “hypermarket” stores. The Home Depot issued its initial public offering on September 22, 1981.
The offering raised $4.093 million. The Home Depot joined the New York Stock Exchange on April 19, 1984. In 1981, the first of many stores outside Georgia opened in Hollywood and Fort Lauderdale, Florida. By 1984, The Home Depot was operating 19 stores with sales of over $256 million. To penetrate the Dallas market.
The Home Depot purchased Bowater Home Center from Bowater Inc. on 31st October 1984 for $40 million. The Home Depot’s rapid growth in the mid-1980s caused financial problems. Earnings fell by 42%, and debt rose to $200 million. The financial crisis of The Home Depot likewise led to a decrease in the stock price. Maintenance Warehouse.
2000–2007
Home Depot Hours a San Diego company. It sold maintenance and repair supplies to apartment managers and builders.
It was acquired by The Home Depot in 1997 for $245 million. At its purchase, Maintenance Warehouse was a top direct-mail marketer of MRO supplies.
It would be hard for The Home Depot to reach its customers. Formed in Atlanta, Apex Supply was acquired by The Home Depot in 1999. Apex Supply is a wholesale distributor of plumbing, HVAC, industrial pipe, and fittings. In 2004, Apex Supply and Maintenance Warehouse was rebranded as The Home Depot Supply.
In a 2004 case, a Detroit suburb store rejected a bid by the United Food and Commercial Workers to represent its workers. In 2004, labor opposed efforts to select a managed care provider for other teamster members.
If The Home Depot had won, this Michigan store would have been the first union at Depot . In 2001, The Home Depot acquired Your Other Warehouse. It was a large plumbing distributor that focused on special order fulfillment.
The company also takes care of two other Home Depot Divisions, and the EXPO Design Centers. This “EXPO Design Center” division was reorganized into three divisions: a Silicon Prairie Engineering Division in South Plainfield, NJ; a Southern Division in Orange, CA; and a Northern Division in Atlanta, GA.
Finances 2005 to 2023[47] Year Revenue (millions USD) Net Income (millions USD) Price per Share (USD) Employees Stores[48] 2005 73,094 5,001 25.46 325,000 1,890 2006 77,019 5,838 24.59 345,000 2,042 2007 79,022 5,761 23.70 364,000 2,147 2008 77,349 4,395 17.36 331,000 2,234 2009 71,288
2,260 17.61 322,000 2,233 2010 66,176 2,661 22.70 317,000 2,244 2011 67,997 3,338 27.06 321,000 2,248 2012 70,395 3,883 41.22 331,000 2,252 2013 74,754 4,535 58.48 340,000 2,256 2014 78,812 5,385 68.55 365,000 2,263 2015 83,176 6,345 95.33 371,000 2,269 2016 88,519 7,009 108.50 385,000 2,274 2017 94,595 7,957 132.80 406,000 2,278
2018 100,904 8,630 164.89 413,000 2,284 2019 108,203 11,121 185.68 413,000 2,291 2020 110,225 11,242 228.67 415,000 2,296 2021 132,110 12,866 306.72 504,800 2,317 2022 151,157 16,433 297.81 490,600 2,322 2023 157,403 17,105 303.98 518,100.
Mascot Home Depot
Home Depot rental Ford Transit in Oshawa, Ontario The mascot has been Homer D. Poe since 1981. He first appeared in ads. Its illustrator, Gwyn Raker, said I designed him to be a funny guy next door who wasn’t intimidating.
The for-associate charity, The Homer Fund, is named after the mascot, who since its creation, has been a part of culture ever since. This includes signage, ads, awards, and a life-size costume for stores to rent. Homer has a wife, named Daisy.
Home Depot stores average 105,000 ft2 (9,755 m2). They are organized like warehouses and stock a wide range of supplies. Two largest stores are in Vauxhall, NJ, and Anaheim Hills, CA. The Vauxhall store is 217,000 ft2.
The Anaheim Hills store is 204,000 ft2. The company color is bright orange (PMS 165, CMYK 60M100Y, HEX FF6600). It is used on signs, equipment, and employee aprons. Contractors are five percent customers.
But, they account for 45 percent of its $132 billion in annual sales. To serve its contractor customers, the company is building new flatbed distribution centers. They are designed to serve builders that arrive in contractor flatbed trucks.
Marketing Home Depot
Home Depot Hours On December 5, 2019, The Marketing unveiled a new tagline. It was the first change in 10 years. The new tagline is, “How Doers Get More Done.
The former was More saving. More doing The other was “You can do it. We can help from 2003 to 2009.In the past 25 years, other slogans include. The Home Depot, Low prices are just the beginning in the early 1990s.
In the late 1990s, “You’ll feel right at home” was used at Home Depot. From 1999-2003, it was “The Home Depot: First In Home Improvement. On September 2, 2014, security reporter Brian Krebs reported a breach of Home Depot’s payment system.
He found credit card numbers from purchases for sale online. On September 8, 2014, Confirmed that their payment systems were compromised. The company’s press release said a data breach affected customers who used credit or debit cards at any store from April to September 2014. Offered affected customers a free, one-year credit monitoring service from All Clear ID.
Also in their news release, they made sure to point out that there was no evidence to indicate that online customers were exposed by the breach. On September 18, 2014, Announced that the hackers had acquired a total of 56 million credit card numbers as a result of the breach.
Since the breach, has encrypted all its cash registers and self-checkouts to protect consumers. A class-action lawsuit was filed against the company.