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Home Depot – Leading Home Improvement Supplies Retailer

The Home Depot, Inc. is a home improvement supplies retailing company that construction products, sells tools and services. It operates in all the 50 states of the United States, along with the District of Columbia, Puerto Rico, the Virgin Islands, Guam, all the ten provinces of Canada and the country of Mexico. Its headquarters is located at the Atlanta Store Support Center in Cobb County, Georgia, in Greater Atlanta. All of its stores are generally in the big-box format. They are  usually large warehouse style buildings averaging 105,000 square feet. They also have Megastores that operate under larger facilities, with the company’s largest store, located in Vauxhall, New Jersey has an area of 225,000 square feet.

Current Market Value

The Home Depot has a wonderful track record as a top retailing company. As reported to the U.S. Securities and Exchange Commission, this is the largest home improvement retailer in the United States, ahead of rival Lowe’s. They have reported a revenue of US$ 83.176 billion in the year 2015. In the same year they had an operating income of US$ 6.345 billion, a net income of US$ 6.345 billion, total assets of US$ 39.946 billion, total equity of 9.322 billion. Around 385,000 employees are working for the firm.

The company is featured in most of the reputed surveys around the year. It held the 112^th position in Forbes Global 2000. It stood 62nd in sales and profit, 586th in assets and 31st in market value listings of the same survey. It is ranked 39th among World’s Most Valuable Brands. It is at the 177th position of Canada’s Best Employers list.

The company is providing its services at almost 2,274 locations as of February 2016. China is the recent addition to its store locations. “More Saving. More doing.”, is the slogan of the company.

History

Bernard Marcus, Arthur Blank, Ron Brill and Pat Farrah founded The Home Depot in 1978 with a proposition to build, home improvement superstores, larger than any of their competitors’ facilities. The necessary capital was founded by Ken Langone, an investment banker. Their first two stores were built in the space leased from J. C. Penney in 1979. They made their Initial Public Offering approximately in September 1981. On April 19, 1984 the company became a New York Stock Exchange Traded company. The company’s first headquarters was on Terrell Mill Road on the southeast side of Marietta, Georgia, just down from one of the stores at the corner of Cobb Parkway. Following the retirement of Marcus and Blank in 2000, Robert Nardelli

was appointed as the Chairman, President and CEO.

In 2001, Home Depot acquired distributor Your Other Warehouse (YOW), which still operates as its own division. In 2006, the company acquired Hughes Supply which was assimilated into HD Supply serving contractors, which it sold in June 2007. Its 2005 sales totaled US$91.8 billion out of which US$77.0 billion was through retail sales. Home Depot also acquired Interline Brands from P2 Capital Partners, on July 22, 2015 for $1.6 billion.