Atlanta-based company Apex Supply was acquired by The Home Depot in 1999. Maintenance Warehouse was a leading direct-mail marketer of maintenance, repair and operations supplies that could reach customers out of reach by The Home Depot. San Diego maintenance and repair supplies company Maintenance Warehouse was purchased by The Home Depot in 1997 for $245 million. By 1995, sales reached $10 billion while operating 350 stores.įormer General Electric executive Robert Nardelli became CEO and president of The Home Depot in 2000. All of the Aikenhead's Hardware stores were later converted to The Home Depot stores. The Canadian hardware chain Aikenhead's Hardware was acquired by The Home Depot in 1994 for $150 million with a 75% share. A 480-page book Home Improvement 1-2-3 was published in 1995. An installation program for quality home improvement items, such as windows or carpets, was launched in 1991 called the EXPO with success. In the 1990s The Home Depot searched for ways to redefine its marketplace. In 1989, The Home Depot became the largest home improvement store in the United States, surpassing Lowe's. A Home Depot store in Blairsville, Georgia 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 which helped The Home Depot to restructure its debts. The financial difficulties of The Home Depot also caused the stock price to fall. The increased expansion of The Home Depot in the mid-1980s created financial difficulties with earnings falling by 42% and debt rising to $200 million. To enter the Dallas market The Home Depot acquired Bowater Home Center from Bowater Inc. By 1984, The Home Depot was operating 19 stores with sales of over $256 million. The Home Depot began to branch out of Georgia to Florida in 1981 with stores opening in Hollywood and Fort Lauderdale. The Home Depot joined the New York Stock Exchange on April 19, 1984. On September 22, 1981, The Home Depot went public on the NASDAQ, raising $4.093 million. 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). On June 22, 1979, the first two stores, built in spaces leased from J. Arthur Blank The Home Depot Atlanta Store Support Center, 2018. Values like respect among all people, excellent customer service and giving back to communities and society Investment banker Ken Langone helped Marcus and Blank to secure the necessary capital.īernie 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. The Home Depot's proposition was to build home-improvement superstores, larger than any of their competitors' facilities. The Home Depot was co-founded by Bernard Marcus, Arthur Blank, Ron Brill, Pat Farrah, and Ken Langone in 1978. It is the sixth largest United States–based employer globally. It has been involved in several controversies, primarily involving the security and safety of its consumers. MRO company Interline Brands (now The Home Depot Pro) is also owned by The Home Depot, with 70 distribution centers across the United States. Virgin Islands) all 10 provinces of Canada and all 32 Mexican states and Mexico City. It operates many big-box format stores across the United States (including the District of Columbia, Guam, Puerto Rico and the U.S. The company is headquartered in incorporated Cobb County, Georgia, with an Atlanta mailing address. In 2021, the company had 490,600 employees and more than $151 billion in revenue. Home Depot is the largest home improvement retailer in the United States. The Home Depot, Inc., often simply referred to as Home Depot, is an American multinational home improvement retail corporation that sells tools, construction products, appliances, and services, including fuel and transportation rentals.
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