The impact of this customer group is so significant that Home Depot is investing in flatbed distribution centers, which can easily accommodate flatbed trucks to cater to the builders that come to the store in flatbed pickup trucks. While contractors make up only five percent of its customer base, they contribute to about 45% of the company’s approximate $132 billion annual sales. The largest portion of the company’s annual sales comes from its smallest customer demographic, which is contractors. The company has consistently used its bright orange brand colors in its equipment, signs, and employee aprons. The Vauxhall store encompasses 217,000sq.ft, and the Anaheim Hills facility is 204,000 sq. The largest Home Depot stores are located in Vauxhall, New Jersey, and Anaheim Hills, California. ft in size and they’re all organized in a warehouse style and are packed with a variety of home improvement of supplies. Currently, Home Depot’s stores average about 105,000 sq. Home Depot’s aggressive expansion drive worked as the company surpassed Lowe’s to become the largest home-improvement retailer in the United States. However, this aggressive expansion came at a heavy financial toll, with the company suffering a 42% dip in earnings and a growing debt that amounted to $200 million. For instance, to break into the Dallas market, Home Depot acquired Bowater Home Center from Bowater Inc. What followed was more aggressive expansion and several acquisitions. By 1984, when the company was going public, it already had 19 stores with sales exceeding $256 million. In 1981, the company opened a store in Florida. traded on the New York Stock Exchange.īefore going public, Home Depot was on an aggressive drive to open up new stores across America. On June 22, 1979, the company opened its first two stores in Metro Atlanta, one in Doraville and another on Memorial Drive.īy September 22, 1981, Home Depot had gone public with the IPO generating $4.093 million in capital. Ken Langone, an investment banker, helped Marcus and Blank secure the necessary capital to start the business. The company was founded with the idea of building home-improvement superstores larger than any provided by their closest competition. was founded in 1978 by Bernard Marcus, Ron Brill, Arthur Blank, and Pat Farrah. In this piece, we’ll explore the history of Home Depot, its operations and finances, global footprint, and the trademarks that support its business.
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So, what is it about this 50-year-old plus company? It consistently outperforms its biggest rivals, such as Walmart, Lowe’s, and Ace Hardware. is headquartered in Cobb County, Georgia.
soil, as well as having an international footprint. The company supplies tools, appliances, construction products, and services to consumers on U.S. Home Depot is currently one of the biggest home improvement retailers in the United States.
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