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The Home Depot
By admin | July 30, 2008
The Home Depot is the biggest retailer in the home improvement industry in the world. It is the second biggest retailer in the United States, second only to Wal-Mart. It has more than 2000 stores all over the US, Puerto Rico, Virgin Islands, Guam, Canada, Mexico, and China. In 2007, it reported earnings of $4.2 billion.
It was founded in 1978 by Bernie Marcus and Arthur Blank. Their first vision of the store is to provide its customers with do-it-yourself supplies and equipment. They also provided service as they assist their customers with various projects. The staff of the stores went through training to be able to provide the best service for their customers.
The Home Depot values of bring the skills and the materials straight to the customers revolutionized the retail and the home improvement industry. It also allowed customers to save on money because they didn’t have to hire people to do the work that they can do themselves.
The retailer of home improvement equipment and materials has experienced a very fast growth. Its stock went public in 1981 and it achieved 100 stores in 1989. Just recently, in 2006, the Home Depot reached China through the acquisition of The Home Way which is a chain of 12 stores.
The common stocks of Home Depot are on the market through the New York Stock Exchange. In the past three months, Home Depot stock prices have dropped since May. Most analyst recommend on holding to the stocks and not sell just yet.
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