I. Organization Introduction – Company History & Current Status
In 1978, Arthur Blank and Bernie Marcus, after having been fired from their jobs at Handy Dan hardware store, established The Home Depot (referred to as simply HD throughout the remainder of the audit) in Atlanta, Georgia with assistance from Kevin Langone, a marketing pundit, and Pat Farrah, a Wall Street investment banker. They built their first two 65,000 square foot stores in spaces leased from J.C. Penny. The young company began with a dream of offering up a retail space for the do it yourself (DIY) customer as a one stop shop for their home improvement needs. During HD’s infancy, there were several other home improvement retailers in the Atlanta area, yet HD’s creators aspired toward their goal of developing the finest retail establishment that would transform the entire industry. The founders of the company not only wanted to be distinguished from their competition, but wanted to be the largest amongst them. Mr. Blank once said that him and Bernie founded HD with the vision of creating a company that would retain the values that were important to them: respecting people regardless of circumstance, providing superior customer service, and paying it forward to the community and society that allowed them to build their empire.
In 1981, HD began trading publically on the NASDAQ and raised slightly over $4 million during their IPO. In the same year the company opened their first two stores outside of Georgia
Bernie Marcus and Arthur Blank founded Home Depot Corp in 1978 (The Home Depot, 2013). The business created strategic product analysis providing an assortment of items to consumers. From the beginning, workers have been able to deliver superior customer satisfaction in the business, helping consumers with jobs such as handling power tools, changing out parts on appliances, laying tile, etc. The Home Depot employees all underwent arduous training to familiarize each employee with products. In addition, the business began hosting workshops to teach consumers on how to do things themselves.
Home Depot was founded in 1978 by Bernie Marcus and Arthur Blank. These founders envisioned providing one-stop shopping for the “do-it-yourselfer,” and this vision became a reality after working with investment banker Ken Lagone and merchandising expert, Pat Farrah. The first two stores were opened on June 22, 1979, in Atlanta, GA. These first stores were approximately 60,000 square feet in size each, and stocked 25,000 products, which made the stores drastically larger than any competitor or hardware store at that time. In addition to offering more products than competitors, store associates were also expected to offer the best customer service in the industry. Associates at
Several different accounting concepts resulted in the 3% reduction of earnings felt by Home Depot in 2007 and 21% lower than 2006.
The Home Depot was founded in 1978 by Bernie Marcus and Arthur Blank. Along with investment banker Ken Langone and merchandising guru Pat Farrah, the founders’ vision of one-stop shopping for the do-it-yourselfer came to fruition when they opened the first two Home Depot stores on June 22, 1979, in Atlanta, Georgia. The first stores, at around 60,000 square feet each, were cavernous warehouses that dwarfed the competition and stocked 25,000 SKUs, much more than the average hardware store at that time. Empty boxes piled high on the shelves gave the illusion of even more product. The corporation was originally incorporated in Delaware but has since moved to Georgia.
Home Depot was founded in 1978 by Bernie Marcus and Arthur Blank. In 1979, the first two stores were opened in Atlanta, Georgia. The Home Depot’s mission is to provide the products and know-how to enable people to take their dreams for their homes into their own hands. 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 105,000 square feet of enclosed space, with approximately 23,000 additional square feet of outside garden area. The company also operates 34 Expo Design Center stores, two THD Design Center stores and five Yard birds’ stores. Home Depot 's stores stock about 35,000 to 45,000 different kinds of products
The Home Depot (NYSE: HD) is a home improvement, construction products and services retailer operating over 2,000 big-box stores in the United States and abroad. The Home Depot was founded in 1978 by Bernie Marcus and Arthur Blank with the vision of one-stop shopping for do-it-yourself (DIY) customers, installation services for do-it-for-me (DIFM) customers and competitive products for the professional market. Their DIFM installation programs include products such as carpeting, flooring, cabinets, countertops, and water heaters. In addition, the company provides installation of various professional products like generators and HVAC systems.
Organizational overviewBeginning in 1978, The Home Depot was founded by Bernie Marcus and Arthur Blank. , the founders' vision of one-stop shopping for the do-it-yourselfer came to fruition with the help of investment banker Ken Langone and merchandising guru Pat Farrah. The first two Home Depot stores opened on June 22,
The Home Depot, Inc. (The Company) is the largest home improvement retailer in the world and the second largest retailer in the United States. The Company has been publicly traded since 1981 on the New York Stock Exchange under the ticker symbol "HD" and is included in the Dow Jones Industrial Average and the Standard & Poor's 500 Index.
In the stakeholder model, the shareholders are the people that legally own a share of stock of The Home Depot Inc. The Home Depot first became public in 1981 through the National Association of Securities Dealers Automated Quotations (NASDAQ) and 3 years later, in 1984, they moved to the New York Stock Exchange (“Our History”). In general, The Home Depot’s stock price increased during the year 2014 (see fig.1). The closing stock price in January 2014 was $76.85 and by the end of December the stock price increased to $104.97(“Historical Lookup”). This is approximately a 36% increase from the beginning to the end of 2014. Lowe’s, another home improvement retailer, is one of The Home Depot’s biggest competitor. Though The Home Depot’s stock price
My race is Black, my ethnicity is African American and my culture (349) could be described as complicated. In applying these factors to my personal experiences I will refer to Matthew and Emirbayer’s “What is Racial Domination?” to explain the racial biases and discriminations that I have experienced from Arkansas to Los Angeles and ultimately Irvine. From the day of my birth my life and the opportunities presented or denied have been defined by racial domination and the Institutional racism of White Americans.
Very little clothing is required. There is very little pressure, very little rush, and very little reminiscent of the world. The Cancun area is undeniably a fabulous place to take a vacation. It has luxurious hotels, exciting activities, and mysterious sightseeing tours.
Home Depot (TheHomeDepot, n.d.) began as a two store operation in Atlanta, GA in 1979. The concept was the brainchild of Bernie Marcus and Arthur Blank, with inspiration from investment banker Ken Langone and well know merchandising expert Pat Farrah. They envisioned a one stop, do it yourself store that carried most of the products needed to do common home care projects.
Previous to my two social work courses, I knew very little about social work. I have seen two movies, Precious and Fathers and Daughters, that have shown the work and responsibilities of a social worker. In the movie Precious, a teenage girl who was raised in Harlem, was subjected to physical, mental and sexual abuse. A social worker, Ms. Weiss, was assigned to her case to help her cope with her troubling life. Ms. Weiss displays the emotional struggle social workers go through while working with people who have been abused. We see this during the scene when Precious tells the detailed story of her sexual abuse from her father and Ms. Weiss cannot hold back her tears. I could see how that would be a very challenging fragment of social work
An industry of competition, and tight margins The Home Depot, and Lowe 's Company are still at it. Both of these companies stand now as the industry standard for the home improvement sector. The numbers that will be presented in this study show proof that both companies have extremely strong financial positions, and a long future in the home improvement industry. Competition is good for the retailer, but even better for the customer.
The case study Renovating Home Depot was the case of a leader who joined a successful business only to discover that the company was running out of growth opportunities and also did not have the basic systems needed for increased growth in place. Robert “Bob” Nardelli was chosen as the CEO of Home Depot based on his proven ability to reenergize slow-growth businesses. He was a leader that went all out to achieve his goals and was identified as someone who was “comfortable in his own suit”, and believes in being successful his own way. He made several innovations which were used in General Electric (GE) where he recorded past successes. We see the success demonstrated in the growth of revenue in Home Depot, as well as opening