Home Depot History Essay Text

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Strong market position higher returns than competitors weaknesses sub optimal capital structure product recall opportunities international presence growing popularity of power tools increasing online sales intense competition slowdown in us housing market rising labor wages in the us the home depot inc. The company incorporated in 1978 in delaware and is headquartered in atlanta, ga. The home deport sells improvement products, building materials and lawn and garden products as well as provides related services through retail stores.

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As of the end of fiscal 2007, there were 2,193 the home depot stores located throughout the u.s. Including the territories of puerto rico, the virgin islands and guam , canada, china and mexico. The company also operated 34 expo design center stores, two thd design center stores and five yardbirds stores. The home depot stores average 105,0 square feet of enclosed space, with 23,0 additional square feet of outside garden area. The home depot stores serve three primary customer groups: do it yourself customers who are completing projects themselves, do it for me customers who purchase the material but hire someone to do the project, and professional customers, such as remodelers, general contractors, repairmen, small business owners and tradesmen.

In fiscal 2007, the company completed the sale of hd supply to focus on the retail business, and acquired approximately 15% of outstanding shares of stock as part of its recapitalization plan. Company address georgia 30339 new york: hd employees: 221,770 turnover us$ mn: 77,349 home depot company overview the home depot home depot or the company is one of the world's largest home improvement retailers. Home depot sell an assortment of building materials, home improvement, and lawn and garden products. The company recorded revenues of $77,349 million in the financial year fy 2008, a decrease of 2.1% over 2007. The operating profit of the company was $7,242 million in the fy 2008, a decrease of 18.3% over 2007.

Bernie marcus and arthur blank formed 'the home depot' then mb associates in 1978 in atlanta, georgia. The home depot stock moved from nasdaq to the new york stock exchange three years later in 1984. The company launched its first expo design center in san diego in 1991 home depot is the world's largest home improvement retailer and the second largest retailer in the us, based on net sales for the fiscal year ended january 2008. Home depot stores average about 105,0 square feet of enclosed space with approximately 23,0 additional square feet of outside garden area. The company operates 2,234 stores in total including 2,193 home depot stores in the us including the territories of puerto rico, the virgin islands and guam , canada, china and mexico. However, tight labor markets, government mandated increases in minimum wages and a higher proportion of full time employees resulted in an increase in labor costs, which would increase the overall costs and affect the company's margins.

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Business description pic browse report: pic chapter: 1 2 3 4 5 6 7 8 9 section: 1 home depot is one of the world's largest home improvement retailers home depot is one of the world's largest home improvement retailers. Home depot sells an assortment of building materials, home improvement products, lawn and garden products and provides a number of services. Home depot stores average about 105,0 square feet of enclosed space, with approximately 23,0 additional square feet of outside garden area. The company operates 2,234 stores in total, which include 2,193 home depot stores in the us including the territories of puerto rico, the virgin islands and guam , canada, china and mexico.

The company also operates 34 expo design center stores, two thd design center stores and five yardbirds stores. In international markets, the company operates 165 home depot stores in canada, 66 home depot stores in mexico and 12 home depot stores in china. Home depot's stores stock about 35,0 to 45,0 different kinds of products falling under its major categories: plumbing, electrical and kitchen, hardware and seasonal, building materials, lumber and millwork, and paint and flooring. The company sells these products to do it yourself diy customers, do it for me difm customers, and professional customers who include professional remodelers, general contractors, repairmen, small business owners and tradesmen. The company's expo design center stores expo offer products and services primarily related to design and renovation projects.

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Home depot supply stores and contractors' warehouse stores serve primarily professional customers. The company's home depot floor stores primarily offer flooring products and installation services. Home depot's retail segment includes the company's retail services business and the catalog and online businesses. The segment also includes nine home decorators collection located in california, illinois, kansas, missouri, north carolina and oklahoma/ a acquisitions, joint ventures,alliance, divest. In 20, home depot acquired apex supply, a wholesale distributor of plumbing, hvac, appliances and other related products.