The Home Depot History Founded First Stores Opened












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• • • The Home Depot History Founded First Stores Opened The Vision Values Corporate and Financial Overview
Founded and incorporated in 1978 • Bernie Marcus and Arthur Blank
First 2 stores open • Atlanta Georgia, June 22, 1979
The Home Depots Vision • Vision of one-stop shopping for the do-ityourselfer • The Home Depot has a philosophy of customer service—“whatever it takes”—means cultivating a relationship with customers rather than merely just making a sale.
Values • Taking care of associates Giving back to the community Doing the right thing Excellent customer care Creating shareholder value Building strong relationships Respect for all people
Corporate and Financial Overview • Headquarters in Atlanta Georgia • CEO, and chairman is Frank Blake • 2200 retail stores including 1977 in the U. S. and the territories of Puerto Rico, US Virgin Islands, Guam and 180 stores in Canada • More than 300, 000 assoc.
Financial Results (Q 3 2013) • Revenue $19. 5 billion, up 7. 4% from (Q 312) • Earnings $1. 4 billion, compared to $947 million in (Q 312)
Global Presence • 85% of Home Depot’s stores are located in the U. S. • 180 stores located in Canada • 100 stores in Mexico
International Strategy • Official statement by Francis S. Blake, the Chairman and CEO at Home Depot from the company’s Annual Report for FY 2013 • International – “We believe our business is well positioned as the U. S. housing market continues on a path to recovery. ”
International Strategy • Current Chinese home improvement market value of $78 billion and forecasted to be $99 billion by 2017. • U. S. home improvement growth rate by 2017 is predicted to be 1. 7% • Chinese home improvement growth rate by 2017 is predicted to be 4. 9%
Environmental Responsibility Eco Options Program – http: //www. ecooptions. homedepot. com/ • In 2012 alone, The Home Depot’s partnership with Water. Sense saved consumers 35. 5 billion gallons of water and nearly $260 million in water utility costs. • Total purchases made at The Home Depot in 2012 of ENERGY STAR qualified products saved our customers over $700 million in annual utility costs, reducing kilowatt hours usage by over 6 billion
Issues • Many legal proceedings – South Coast Air Quality Management – Unfair business practices and false advertisement