The Home Depot, Inc.

ViJiT

Vijith Pujari
The Home Depot, Inc.

Type Public (NYSE: HD)

Founded 1978 Atlanta, Georgia

Location Atlanta, Georgia

Key people Robert Nardelli, CEO & Chairman

Industry Retail (Home Improvement)

Products Home improvement products such as appliances, tools, hardware, and garden supplies & plants.

Revenue $81.511 billion USD (2005)

Employees 325,000

Website The Home Depot

The Home Depot NYSE: HD, headquartered in Atlanta, Georgia, is a big box home improvement retailer that aims for both the do-it-yourself consumer and the professional in home improvement and construction. It is the second largest retailer in the United States, behind Wal-Mart; and the third largest retailer in the world, behind Wal-Mart and French company Carrefour. The Home Depot operates about 2,000 stores across North America. The company operates stores in the United States (including the 50 states, Puerto Rico, the United States Virgin Islands), Canada, and Mexico. The Home Depot also operates EXPO Design Center stores in select U.S. markets, providing high-end home design products and services, and 10 Crescent Lane, an online home-furnishings store.

Home Depot has recently added self checkout registers at most of its stores in North America. These automated kiosks allow the customer to scans the barcode of the item they wish to purchase, then insert money to pay for the items, and receive any change automatically. The customer no longer needs to interact with a store employee during checkout, which has allowed Home Depot to redeploy more staff onto their store floors to assist shopping customers.

The Home Depot employs over 325,000 people

History

Home Depot stores are large, averaging 109,000 ft² (10,000 m²) and warehouse-style, stocking a large range of supplies. The company color is a bright orange (PMS 165, CMYK 60M100Y), on signs, equipment and employee aprons.

The company was founded in 1979 in Atlanta, Georgia by Bernie Marcus and Arthur Blank, and grew rapidly, with sales topping $1 billion annually by 1986.

In 2000, Marcus and Blank retired. Robert (Bob) L. Nardelli became chairman, president & chief executive officer of The Home Depot. He had previously spent almost 30 years at General Electric, his career culminating as president and CEO of GE Power Systems.

The Home Depot today

Its 2005 sales totaled US$81.5 billion. Despite the 11% increase in revenue, it dropped one spot to #14 on the 2006 FORTUNE magazine's FORTUNE 500 list (it was #13 in 2005 on $73.1 billion sales in 2004). The Home Depot also owns EXPO Design Center, a chain of higher-end home decorating and appliance stores. and online home-furnishings store 10 Crescent Lane.

Corporate governance

Current members of the board of directors of Home Depot are: Greg Brenneman, Richard H. Brown, John Clendenin, Claudio González, Milledge Hart, Bonnie Hill, Laban Jackson, Lawrence R. Johnston, Ken Langone, Robert Nardelli, and Tom Ridge.

Exclusive Brands

Home Depot carries several exclusive brands:

RIDGID (power tools and professional plumbing tools)
Ryobi (power tools)
Workforce (Home Depot house-brand hand tools)
Thomasville cabinetry
Ralph Lauren paint
Mill's Pride
Hampton Bay (Home Depot house-brand lighting and ceiling fans)
Glacier Bay (Home Depot house-brand faucets)
Behr Paint

Major sponsorships

Since 1991, the company has become a large supporter of athletics, sponsoring the United States and Canadian Olympic teams, and launching a program to offer employment to athletes that fully allowed for their training and competition schedules. While remaining supportive of Canadian Olympians, Home Depot ceased to be a sponsor of the Canadian Olympic Team in 2005. Company co-founder Blank also purchased the Atlanta Falcons franchise of the National Football League in February 2002. The Home Depot is also the primary sponsor of Joe Gibbs Racing. NASCAR driver Tony Stewart drives The Home Depot #20 Chevrolet Monte Carlo SS.

Home Depot Canada

Home Depot Canada is the Canadian unit of Home Depot and one of Canada's top home improvement retailers. The Canadian operations consists of more than a hundred stores in Alberta, British Columbia, Manitoba, New Brunswick, Nova Scotia, Ontario, Quebec, Saskatchewan, Prince Edward Island and Newfoundland and Labrador and employs over 18,000 people in Canada. Unlike its American counterpart, the chain is only known as Home Depot (and does not employ a "The" prefix).

The Canadian unit was created with the purchase of Aikenhead Hardware. Home Depot management has an ambitious plan to overtake its biggest competitor, Rona, which has about four times as many stores. However, many of Rona's stores are smaller than the typical Home Depot store. In terms of big box stores, Home Depot has many more stores than Rona.

External links

Home Depot USA (English website)
Home Depot USA (Spanish website)
Home Depot Canada (English and French website)
Home Depot Mexico
EXPO Design Center
10 Crescent Lane
Bernie Marcus
Home Depot, Scholarly article
Home Depot is Not Always Welcomed in Some Communities
 

Prashant Pandit

New member
most useful ! being with commercial shipping in sales, home depot is one of our esteemed global customer and the information would be of paramount importance from knowledge point of view. thnx.:SugarwareZ-191: :SugarwareZ-191:
 
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