Home Depot is one of the ten largest retail chains in the world , according to the annual Global Powers of Retailing list compiled by Deloitte. When the founders of Home Depot—Bernie Marcus, and Arthur Blank—opened their first store in Atlanta, Georgia, in June of , it was the largest home improvement specialty store.
Back then, Home Depot , which the pair opened with the help of investment banker Ken Langone and merch expert Pat Farrah, stocked about 25, different home improvement products in each store. Today, the company carries 36, products in its stores and offers two million more products online. As well-known as Home Depot is now, there is even more little-known history, trivia and fun facts about the company they may not know.
In order to create a warehouse look and give customers the impression that its stores were stocked to the rafters with home improvement merchandise, empty product boxes were strategically placed on high shelves in the earliest Home Depot stores. Marcus and company remedied the situation by buying the products in question from their competitors, repricing them at their price and then delivering them directly to the customers.
Power Paint Satisfaction Study. The Home Depot Low Price Guarantee is an ongoing offer to beat any advertised price from a competitor on any product. If the product is purchased online, Home Depot will match the price of a competitor, including shipping.
There are on some products such as seasonal, obsolete, or clearance items, special order products, items sold with rebates, items from membership retail wholesalers, free offers, or limited promotions, prices based on typographical errors or misprints, and more.
The average size of a Home Depot retail store is , square feet with 24, additional outdoor seasonal space in the garden area. These are the traits of our customers.
We built The Home Depot for them, to provide them with the products, services and knowledge they need to create the homes of their dreams. Our story, now almost 40 years in the making, is also theirs. Avid DIYers, they envisioned a superstore that would offer a huge variety of merchandise at great prices and with a highly trained staff.
Select personalised content. Create a personalised content profile. Measure ad performance. Select basic ads. Create a personalised ads profile. Select personalised ads. Apply market research to generate audience insights. Measure content performance. Develop and improve products. List of Partners vendors. The Home Depot Inc. HD , a leading home improvement retailer, was founded in by Bernie Marcus and Arthur Blank, two avid do-it-yourselfers.
Their vision was a superstore offering a variety of merchandise, low prices, and a highly trained staff who could walk customers through most types of home repair and improvement. The first two Home Depot stores were opened in in Atlanta. It also offers more than 1 million products online. Home Depot, primarily still a brick-and-mortar retailer, has avoided major sales losses to e-commerce giant Amazon. Throughout its history, Home Depot has focused on catering to professional contractors and do-it-yourself consumers with customized service.
That service includes a knowledgeable staff who can guide customers on how to do everything from operating a power tool, to changing a valve, to laying tile. The company has focused on deals that strengthen its core business: by adding both more product offerings and highly trained experts in specific home improvement niches.
Sales to professional builders and contractors have become an increasingly important part of its business. Compact Power Equipment, founded by entrepreneur Roger Braswell, provides equipment rental services, including rentals of cranes, excavators, tractors, and trenchers.
Compact Power Equipment first formed a long-term commercial partnership with Home Depot in that began rentals at Home Depots in six states. In , Home Depot acquired the company, which then was providing equipment rentals at more than 1, Home Depot stores throughout the United States and Canada.
Interline Brands was founded in under the name Wilmar Industries Inc. The company provides maintenance, repair, and operations products to professional contractors, facilities maintenance professionals, hardware stores, and other customers throughout the United States, Canada, and Puerto Rico.
The company specializes in selling window coverings online, which includes live chat and face2face video consultation services.
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