Home Depot is an American retailing company which specializes in home improvement supplies that sells construction products, tools, and services. The company was founded in 1978 by Bernard Marcus, Ron Brill, Arthur Blank, Pat Farrah, and Kenneth Langone. The company has its headquarters in Atlanta, Georgia.
About Home Depot
It is the largest home improvement retailer in America. The company also owns the MRO company Interline brands and has a total of 70 distribution centers across America.
Location and Operations:
It operates in big-box format stores across all the America including all 50 states. The company also has its base in Puerto Rico, Virgin Islands, District of Columbia, and Guam. The company has expanded its base to Canada and Mexico having its stores throughout North America.
Home Depot has around 1200 locations all across North America making it the largest retailer in home improvement in the United States, ahead of its rivals Lowe’s.
Home Depot stores are organized warehouse-style stores which stock a large number of supplies for the Home improvement. The two largest stores of Home Depot are located in New Jersey and California which encompasses around 217000 ft square and 204000 ft square of space.
The company uses bright orange color as their company color wherein the signs, equipment, and employee aprons are all orange in color.
History of Home Depot:
The company was co-founded by Arthur Blank, Bernard Marcus, Ron Brill, and Pat Farrah in 1978. Ken Langone, an Investment Banker helped the founding members with the necessary capital. The Company was proposed to build as a Home improvement superstores which will give a stiff competition to the competitor’s facilities.
The vision of the founders was giving excellent customer service, respect to the people, and giving back to society and the community. In 1979, Home Depot started with two stores which were opened on a space of treasure island hypermarket stores, both opened in Atlanta.
In 1981, The company raised $4.093 million by going public on the NASDAQ. In 1984, it joined the New York Stock Exchange. Then the company began to spread out of Atlanta to other leading States in the United States.
By reaching to other main cities in the United States the company build a strong customer base across America and started to grow exponentially. As of now, the company operates across North America and is one of the leading home improvement retail company.
Corporate Affairs of Home Depot:
Home Depot started work in philanthropy by starting a Home Depot Foundation in 2002. The company has raised around $200 million by providing labor, money, supplies to a number of causes, and also contributing to the military community.
Home Depot aims to promote energy conservation, clean water, and sustainable forestry. The company is committed to investing around $100 million over the next decade to plant 3000000 trees and build over 10000 green affordable homes.
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Home Depot is a leading retail company in home improvement in America which supplies products for building and improving the households. The company has a strong base in North America and are looking to expand their business to other continents.