Home Depot, Inc. (HD) and Lowe's Companies Inc. (LOW) have been the giants of the home improvement retailer industry in the U.S. for decades, … In 1997, Home Depot entered the Chilean and Argentine markets. [34] Associates at EXPO were allowed to re-apply for Home Depot jobs after the layoffs, and did not lose any tenure if hired back. Read More Inspire your inbox – Sign up for daily fun facts about this day in history, updates, and special offers. [citation needed], The Home Depot exclusively carries several major brands, including:[citation needed], Additionally, the retailer has its own house brands:[citation needed], In 2006, The Home Depot started testing fuel centers at some of its stores. [64][65][66], In March 2018, the company donated $50 million to train 20,000 people as construction workers over the next decade. When the founders of Home Depot—Bernie Marcus, and Arthur Blank—opened their first store in Atlanta, Georgia, in June of 1979, it was the largest home improvement specialty store. Nardelli resigned amid complaints about his heavy-handed management and whether his pay package of $123.7 million (excluding stock option grants) over the previous five years was excessive, considering the stock's poor performance versus its competitor Lowe's. For Questions about this image usage, please contact: Company co-founder Arthur Blank purchased the Atlanta Falcons franchise of the National Football League in February 2002; Blank later acquired an expansion franchise in Major League Soccer, Atlanta United FC, in April 2014 with the soccer club beginning play in March 2017. The home improvement leader has continued to best its competitors—including Lowe’s. After Matt Kenseth joined the team, The Home Depot's status as the No. It's currently the N°1 Home Improvement company in South America. [23], The Home Depot entered the Mexican market in 2002 with the acquisition of the home improvement chain Del Norte. For all other inquiries including Customer Care issues please call The Home Depot Store Support Center at 1-770-433-8211, or toll free 1-800-654-0688. The financial difficulties of The Home Depot also caused the stock price to fall. In October 2001, Chilean partners Falabella bought out Home Depot's share of the five Chilean Home Center stores and rebranded them Home Store. [10], The initial public offering of Home Depot stock was September 22, 1981. [59] Home Depot supports the U.S. Military community with a 10% military discount. Following through on that commitment, legions of Team Depot volunteers, backed by The Home Depot Foundation, work tirelessly on their own free time to help our nation’s veterans and communities across the country. The company is headquartered in incorporated Cobb County, Georgia, with an Atlanta mailing address. The company has since expanded across Latin America very profitably and successfully. Earnings per share can be defined as a company's net earnings or losses attributable to common shareholders per diluted share base, which includes all convertible securities and debt, options and warrants. View daily, weekly or monthly format back to when Home Depot, Inc. (The) stock was issued. The Home Depot decided to close all Home Depot Landscape Supply stores in late 2007.[26]. Founded in Atlanta in 1978, the Home Depot has evolved into the world's largest home-improvement center and the fourth-largest retailer in the United States. The Home Depot went global. [45] In the Q3 for 2020, ending November 1, Home Depot reported a revenue of $33.5 billion; it represents a year-on-year increase of 24 per cent. After nearly a … It wasn’t enough to sell or even tell — associates also had to be able to show. But the heart of Home Depot was the expertly trained floor associates who could teach customers how to handle a power tool, change a fill valve or lay tile. Speculation of a takeover began in 1999 when the retailer Asda was purchased by Walmart. https://www.homedepot.com/l/Cheyenne/WY/Cheyenne/82001/6002 Built from all the right materials. In 2016, RONA was purchased by Lowes increasing its total store count to over 500 units. Seven people were killed in the front of the store when the 100,000-pound walls collapsed on them, while 28 people in the back of the store survived when those walls collapsed outward. Only two of the slab walls in the Home Depot survived. The Home Depot was co-founded by Bernard Marcus, Arthur Blank, Ron Brill, and Pat Farrah in 1978. In 2002, Argentina's Home Depots were bought out by Chilean company Cencosud and rebranded Easy stores, a company that has also expanded across South America. The Home Depot operates 120 stores and has become one of the largest retailers in Mexico since it entered the market in 2001. During these years Home Depot's sales continued to climb, but for the first time in the company's history the cost of sales also increased. [28] The Home Depot Supply rebranded under the new name HD Supply in January 2007. [76], The Home Depot was a major sponsor for Joe Gibbs Racing in NASCAR from 1999 to 2014. When the company was first founded, the … [96], In the wake of the 2011 Joplin tornado in which the walls of a Home Depot collapsed after being hit by an EF5 tornado, The Kansas City Star, citing engineers, criticized Home Depot's practice of using tilt-up construction in hundreds of its big-box stores (other nearby big-box stores in Joplin, including a Walmart and Academy Sports, which had concrete block construction, lost their roofs but the walls remained intact). which had been used since 2003. Tireless optimism. Today, we’re proud to be the world’s largest home improvement retailer. In 2002, The Home Depot joined PBS as a sponsor of This Old House and Ask This Old House. The Home Depot, Inc., commonly known as Home Depot, is the largest home improvement retailer in the United States,[3] supplying tools, construction products, and services. [71] Home Depot has since worked with environmental groups to create a variety of green programs. [94][95] They also challenged the district court's claim construction, inequitable conduct, and attorney fees determinations. [42], As of 2020, Home Depot is ranked #26 on the Fortune 500 rankings of the largest United States corporations by total revenue. Schwartz was quoted by the New York Post as saying, "I have reason to believe these witnesses were intimidated into giving false testimony." Home Depot's two largest stores are located in Vauxhall, New Jersey, which encompasses 217,000 ft2 of space, and in Anaheim Hills, California, where it encompasses 204,000 ft2. The Home Builders Institute will use the money to train veterans and U.S. Army soldiers, high school students, and disadvantaged youth. [39] One major reason for the data breach was the practice of entering credit card numbers directly into computers at the service-desk and pro-desk, and in specialty departments including flooring, kitchen cabinets, appliances, and millwork, rather than using POS credit card terminals directly. Home Depot - Profile, Founder, CEO, History | Famous Banks | SuccessStory. In December 2006, the Home Depot announced its acquisition of the Chinese home improvement retailer The Home Way. The practice was stopped, and Home Depot offered a year of free credit monitoring through AllClearID for any customers who requested it. Home Depot management had an ambitious plan to overtake its biggest competitor, RONA, which has about four times as many stores. To curb The Home Depot difficulties it opened only 10 stores in 1986 with a stock offering 2.99 million shares at $17 per share that helped The Home Depot to restructure its debts.[13]. Home Depot is based in Georgia. The Canadian unit was created with the purchase of Aikenhead's Hardware. You can expect each associate would give you the proper information like how to change an angle valve or how to operate a power tool. From those two stores in Atlanta, Home Depot has grown to more than 2,200 stores in three countries, but in every store, our goal is the same: to earn our customers’ respect by offering the highest level of service, the broadest selection of products and the most competitive prices. In 2012, the Home Depot conceded that it misread the country's appetite for do-it-yourself products. [50] Other slogans used in the past 25 years include "The Home Depot, Low prices are just the beginning" in the early 1990s and "When you're at the Home Depot, You'll feel right at home" in the late 1990s and "The Home Depot: First In Home Improvement!" The trial initially was concluded in June 2006, but in April 2007, U.S. Department of Labor Judge Pamela Lakes Wood ordered the case reopened after the Home Depot's law firm Akin Gump Strauss Hauer & Feld revealed that the retail giant's in-house counsel had told them that two Home Depot employees who testified at the trial had lied. The Home Depot joined the New York Stock Exchange on April 19, 1984. [22] The "EXPO Design Center" division was reorganized in 2001 with three divisions based in the Northeast at South Plainfield, New Jersey, the West at Orange, California, and the Southeast at Atlanta, Georgia. [40] Interline Brands became fully integrated with The Home Depot in August 2016 with the Interline Brands website merging with The Home Depot website. Atlanta Store Support Center; 2455 Paces Ferry Road NW; Atlanta, GA, 30339, Workforce (tools, shelving, storage cabinets, extension cords, work lights, tarps, paintbrushes), Glacier Bay (kitchen sinks, faucets, etc. Customers feel that aside from the quality products t… public_relations@homedepot.com. The company had a data breach in September 2014. The depot, a National Historic Landmark, was the railroad's largest station west of Council Bluffs, Iowa, and a major western example of Richardsonian Romanesque architecture. Our story, now almost 40 years in the making, is also theirs. 1 reason we wear the orange apron. The Home Depot ended its 2014 fiscal year earning $83 billion in sales. Home Depot was founded in Marietta, Georgia United States in the year 1978. Employees would not only be able to sell, but they would also be able to walk customers at every skill level through most any home repair or improvement. In Quebec, where it has 22 stores, The Home Depot is branded simply Home Depot (using English words but without the definite article "The"). In 2003, The Home Depot became a sponsor for Trading Spaces. [53], Interline Brands (renamed in 2018 as The Home Depot Pro) has over 90 distribution centers throughout the United States, Canada, and Puerto Rico that serves customer needs for MRO supplies. [27] Hughes Supply was integrated into The Home Depot Supply to better serve business-to-business customers. Although a longtime deputy to Nardelli at GE and Home Depot, Blake was said to lack Nardelli's hard edge and instead preferred to make decisions by consensus. [86] The Home Depot has no immediate plans to further expand its specialty stores in China. For example, Home Depot planted thousands of trees at its headquarters in Atlanta to offset carbon emissions. On June 23, 2014, the company announced it would end its NASCAR sponsorship after 2014.[77]. Equal Employment Opportunity Commission v. Home Depot USA Inc", "Home Depot to Pay $100,000 to Settle EEOC Disability Discrimination Suit", How I Built This Podcast – Live Episode! Kingfisher consists of several European DIY chains; however, the Home Depot was only interested in B&Q operations and says that it would dispose of the Castorama chain which operates in France, Italy, Poland and Russia. Values like respect among all people, excellent customer service and giving back to communities and society[8], In 1979, the first two stores, built in spaces leased from J. C. Penney that were originally Treasure Island "hypermarket" (discount department and grocery) stores, opened in metro Atlanta (in Doraville and on Memorial Drive in Decatur, both near I-285)[9] on June 21, 1979. Home to a visitor center and restaurant, the Depot also features the Cheyenne Depot Museum, rich with railroad history, exhibits and interactive displays. [31][32], His successor, Frank Blake, previously served as the company's vice chairman of the board and executive vice president. Talks ending in 2005 did not result in any takeover deal.[88][89][90]. Home Depot Canada has stores in all ten Canadian provinces and serves territorial Nunavut, Northwest Territories, and Yukon through electronic means (Online Sales). In 1989, The Home Depot became the largest home improvement store in the United States surpassing Lowe's. [51], Long-time employee Marc Powers became the head of Home Depot's US stores division in 2014. In 2007, The Home Depot Foundation (the company's charitable foundation) committed to investing $100 million over the next decade to build over 100,000 green affordable homes and plant 3,000,000 trees. Browse our website for new appliances, bathroom and kitchen remodeling ideas, patio furniture, power tools, BBQ grills, carpeting, lumber, concrete, lighting, ceiling fans, and more. This includes signage, advertising, awards, and even a life-size costume for stores to rent out. [70] This program is following The Home Depot's promise in the late 1990s to eliminate the number of sales of lumber from endangered forests in countries including Chile and Indonesia. On July 22, 2015, Home Depot acquired Interline Brands from P2 Capital Partners, Goldman Sachs' private equity arm, and the management of Interline Brands for $1.6 billion. Today, Home Depot has over 2,000 stores. There were also reports of credit card numbers being stolen when used to make purchases on Homedepot.com. … The historical data and Price History for Home Depot (HD) with Intraday, Daily, Weekly, Monthly, and Quarterly data available for download. With help from investment banker Ken Langone and merchandising guru Pat Farrah, Marcus and Blank opened the first two Home Depot stores in Atlanta the following year. [37], In August 2014, it was announced that Frank Blake would step down as CEO and would be replaced by 57-year-old Craig Menear. Home Depot was founded in 1978 by now-billionaires Arthur Blank and Bernie Marcus, along with help from banker Ken Langone and merchandising expert Pat Farrah. [62] The company also provided ready kits and other prizes for an art and essay contest for Georgia elementary school students. Founded in 1946, Lowe’s has grown from a small hardware store to the 2nd largest home improvement retailer worldwide, the 8th largest retailer in the U.S. and 19th largest in the world. These commitments were an extension of the company’s “whatever it takes” philosophy. The company first opened in Canada in 1994, then moved to Mexico in 2001. The Home Depot was embroiled in whistleblower litigation brought under the Sarbanes-Oxley Act (SOX) law. Engineers noted that when concrete block construction fails, structural elements break in pieces and usually not in huge slabs. Investment banker Ken Langone helped Marcus and Blank to secure the necessary capital. Bernie and I founded The Home Depot with a special vision – to create a company that would keep alive the values that were important to us. Homer has a wife, named Daisy. Decades later, they’re still the No. The Home Depot called Schwartz's allegations "meritless". The district court jury returned a verdict in favor of Powell. The Home Depot pays an annual dividend of $6.00 per share, with a dividend yield of 2.22%. All of the Aikenhead's Hardware stores were later converted to The Home Depot stores. While the housing market could be heading for bumpy times in a recession, Home Depot appears to be gathering the tools it needs to keep outperforming rivals. [30], On January 2, 2007, the Home Depot and Robert Nardelli mutually agreed on Nardelli's resignation as CEO after a six-year tenure. "Who in the world has a chance to have a bigger impact on this sector than Home Depot?" "[20], In 2004, Home Depot employees at a suburban Detroit store in Harper Woods, Michigan, rejected a bid to be represented by a labor union, voting 115 to 42 against joining the United Food and Commercial Workers. Outside, the Cheyenne Depot Plaza plays host to concerts and other events. As part of this effort, the company created the largest recycling program in the United States for the bulbs. Our story, now almost 40 years in the making, is also theirs. In September 2005, Home Depot Direct launched its online home-furnishings store, 10 Crescent Lane, shortly followed by the launch of "Paces Trading Company," its online lighting store. But that philosophy extended beyond the store walls. Use of this site is subject to certain Terms of Use. In July 2005, former employee Michael Davis, represented by attorney Mark D. Schwartz, filed a whistleblower lawsuit against the Home Depot, alleging that his discharge was in retaliation for refusing to make unwarranted back charges against vendors. [98] On September 8, 2014, Home Depot confirmed that their payment systems were compromised. While the venture was viewed with great optimism by founders Bernard Marcus and Arthur Blank,[91] it eventually proved unprofitable. Blake would continue with the company as chairman. The Canadian hardware chain Aikenhead's Hardware was acquired by The Home Depot in 1994 for $150 million with a 75% share. It is based in Georgia. In March 2016, Home Depot agreed to pay at least $19.5 million to compensate the more than 50 million consumers affected. When The Home Depot was founded in 1978, Bernie Marcus and Arthur Blank had no idea how revolutionary this new “hardware store” would be for home improvement and the retail industry. These are the traits of our customers. The Home Depot retained two specialty stores in China, a Home Decorators Collection Store and a paint and flooring store.[85]. [54], The domain homedepot.com attracted at least 120 million visitors annually by 2008 according to a Compete.com survey. [102], American home improvement supplies retailing company, Companies with global retail sales of over US$25 billion, Edmund T. Pratt Jr. School of Engineering, United States District Court for the Southern District of Florida, United States Court of Appeals for the Federal Circuit, List of data breaches in the United States, http://otp.investis.com/clients/us/home_depot/SEC/sec-show.aspx?FilingId=13072948&Cik=0000354950&Type=PDF&hasPdf=1, "Why Home Depot Dominates the Home Improvement Market", "The Home Depot Completes Acquisition of Interline Brands, Inc", "Home Depot Corporate website: Our History", Home Depot Stock History: What You Need to Know, "The Home Depot, Inc. – Company Profile, Information, Business Description, History, Background Information on The Home Depot, Inc", "COMPANY NEWS; Home Depot Buys Chain In Canada", "Home Depot Names GE's Nardelli As New CEO in a Surprise Move", "HOME DEPOT TO PAY $245.4 MILLION FOR DIRECT MARKETER", "Home Depot Plans To Buy Maintenance Warehouse", "Home Depot Tightens Focus on Commercial Customers", "New Name For Apex Supply Co. And Maintenance Warehouse", "Home Depot Workers Reject Bid to Unionize", "Home Depot to acquire Your "other" Warehouse", "Home Depot Landscape Supply Blooms in Atlanta", "Home Depot Closing Landscape Supply Stores", "Home Depot to buy Hughes Supply for about $3.2 billion", "The Home Depot Completes Acquisition of Hughes Supply", "Wholesale Division of Home Depot Branded Under Name of HD Supply", "HD Supply, Backed by Carlyle and Bain, Files for I.P.O. On September 2, 2014, security news reporter Brian Krebs reported that he was seeing evidence of credit card numbers linked to Home Depot purchases being sold online, which he concluded to suggest that The Home Depot's payment systems were breached by hackers. The change occurred on November 1, 2014. [15], San Diego maintenance and repair supplies company Maintenance Warehouse was purchased by The Home Depot in 1997 for $245 million. 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