This website uses cookies to ensure you have the best experience. Learn more

Home Depot Finance Case Essay

1309 words - 5 pages

II. Background Information
The Home Depot Inc. was founded in 1978 and is the world’s largest home improvement retailer and the second largest retailer in the United States. The sales for the fiscal year 2000 were $45.7 billion, compared to $38.4 billion in fiscal 1999. As of January 2001, the company was operating 1,134 retail stores in forty-seven states, six Canadian provinces, Puerto Rico, Chile and Argentina.
Home Depot stores sell a wide assortment of building materials, home improvement and garden products. Twenty-six EXPO Design Center stores sell products and services primarily for design and renovation projects. Additionally, the company operates four Villager’s Hardware test stores, which offer products for home enhancement and small projects. In mid-year, Home Depot also launched a Home Depot Floor Store, located in Plano, Texas.
Home Depot stores serve three primary customer groups: do-it-yourself (D-I-Y) customers, who are typically homeowners that purchase products and complete their own projects and installations; buy-it-yourself (B-I-Y) customers, who are typically homeowners that purchase materials themselves and hire third parties to complete the project and/or installation; and professional customers, who are professional repair re-modelers, general contractors and tradesmen.
The Company also offers products through two direct marketing subsidiaries: Maintenance Warehouse and National Blinds and Wallpaper. The Maintenance Warehouse subsidiary is one of the leading mail marketers of maintenance, repair and operations products serving primarily the multi-family housing and lodging facilities management market. The company’s National Blinds and Wallpaper subsidiary is a telephone mail order service for wallpaper and custom window treatments.
Home Depot stores average approximately 108,000 square feet of enclosed space, with an additional approximately 24,000 square feet in the outside garden area. The basic EXPO Design center is approximately 90,000 square feet. Newly acquired companies, Georgia Lighting Inc. and Apex Supply Company Inc., are each operated by Home Depot Inc. as a wholly owned subsidiary. Georgia Lighting, a leading specialty lighting designer, distributor and retailer, has six retail locations. Apex Supply Company is a wholesale supplier of plumbing, HVAC and other related professional products, with twenty-one locations in Georgia, Tennessee and South Carolina.
The co-founder of Home Depot Inc. retired as co-chairman on May 30, 2001. Arthur Blank, 58 years old, ran Home Depot since its inception in 1978 and was chief executive from May 1997 to December 2000. He will not seek re-election to the board. Co-founder Bernie Marcus, 71, the company’s other co-chairman, is expected to continue as chairman. Blank decided to retire sooner than he had planned, primarily because of what he called the successful transition of leadership to CEO Robert Nardelli, a former General Electric Co. executive and the first...

Find Another Essay On Home Depot Finance Case

Marketing Plan The Home Depot Essay

1973 words - 8 pages to exploit opportunity, which is based on its current or potential position in the industry. In the case of The Home Depot the product variety is to its highest potential. In this case providing a better service will emphasize the quality of customer service provided by the company. The Home Depot is guided by the values established by its founders Bernie Marcus and Arthur Blank these values are excellent customer service, taking care of people

Final Report Home Depot vs. Lowes

4834 words - 19 pages bet, say some analysts that the Lowe's tried-and-true formula will be a hit in Canada, as well.In the meantime, Lowe's, like Home Depot, is pumping more sales out of existing stores. For example, "installation" sales, aimed at the fast-growing do-it-for-me market, grew 22% last year to $2.6 billion. As construction projects go, building a case for Lowe's is easy these days. With savvy management, a solid housing market and a friendlier Fed, the

HomeDepot Business Case Analysis

1768 words - 7 pages coverage it earned, sent shockwaves through all of Home Depot's competitors."(Mike Brune. Important Update on Home Depot and Competitor Policies. Retrieved October 5, 1999, from http://forests.org/archive/america/compdebo.htm). Home Depot has stores all over the map nationally, and is expanding worldwide. It recently put competitor Hechinger out of business, and before that Builder's Square.(Rob Landley. A Case for Home Depot. Retrieved January 14,2000

Home Depot Incorporated and Lowe's Market Report

2904 words - 12 pages Home Depot Incorporated and Lowe's Market ReportThere are many competitors in the home improvement industry today and competition is at an all time high. There are two very strong leaders in the industry today and they are The Home Depot and Lowe's. An industry of competition, and tight margins these two companies still at it. Both of these companies stand now as the industry standard for the home improvement sector, and have extremely strong

Lowes’ Porter's Five Forces Competitive Analysis

1272 words - 5 pages -improvement retail company after Home Depot (Yahoo Finance, 2014). The company is focused on home and business improvement products which customer can make or build themselves at home. As of today, Lowes owns 1,825 stores and employs 245,000 people. The company offers more than 500,000 products in store and online (About Lowe’s, 2014). Financially, as it was mentioned before Lowes has been found 1952 and growing rapidly since 1962 when the company went

Home Depot's Operation Management

1844 words - 8 pages Company Background Founded in 1978 by Bernie Marcus and Arthur Blank, The Home Depot is a one stop shop, do-it-yourself home improvement retail store. The first two Home Depot stores opened in Atlanta, Georgia in 1979 as warehouses, each occupying a space of 60,000 square feet (The Home Depot, 2013). When it opened, The Home Depot was the largest hardware store, selling over 25,000 different products and offering various home improvement

Organization/Industry Overview

1077 words - 4 pages , the growing rate of unemployment, and the lack of consumer confidence, all contribute to a dreadful economy which are negative forces faced by the company. Therefore, in order for Home Depot to maintain its market share as a supplier to the home improvement industry, understanding and recognizing present issues is vital for management to develop strategies to help offset the recession.ReferencesCalculated Risk Finance & Economics. (2009

Home Depot Corporate Governance

1152 words - 5 pages appropriate to ensure that the Company remains compliant. This committee must be comprised of three or more independent directors from the Board and they cannot receive any compensation other than directors’ fees from Home Depot. A requirement for this committee is to have a basic understanding of finance and accounting principles and practices. At least one member must be an “audit committee financial expert.” Mr. Brown acts as the audit

The Home Depot, Inc. Forecast and Recommendations

2939 words - 12 pages business as well by cutting their average variable cost.Therefore, a constant watch on leading indicators of the economy will truly provide a clear vision of what type of market conditions the company would possibly face and will contribute to solutions that will help Home Depot succeed in a dreary economy.ReferencesCalculated Risk Finance & Economics. (2009). Calculated Finance & Economics. Retrieved on March 24, 2009 from http

The Home Depot

3675 words - 15 pages the US Equal Employment Opportunity Commission joined in Louisiana and the company was ordered to pay another female employee $1.7 million in a case in Oakland, California. Home Depot past the 500-store mark in 1997. In mid-1997 Blank succeeded Marcus as the company’s CEO; Marcus remained chairman. Home Depot bought National Blind & Wallpaper Factory (a mail order firm) and Maintenance Warehouse (a direct-mail marketer). In 1998, Home Depot

General and external environment

1011 words - 4 pages resources organizations place on examining the environmental. Thus, if for organizations wants to be efficient in examining the environment appropriately, one of the cautioning strategies is to pre-determine where the organization can determined the issue beforehand.A specific company which was affected by an external environmental factor was Home Depot. In this case the specific environmental uncertainty was the hurricane Katrina by which it was

Similar Essays

Home Depot Case Essay

4900 words - 20 pages . Their business model is simple. Sell home improvement products and services to DIY, BIY, and professional customers in huge spacious warehouses that boast a wide variety of products with sales associates that are educated and knowledgeable about home improvement (case). This is all done with low prices as the primary driver.The Home Depot name has become synonymous with home improvement. This association has been forged over a long time of being

Case Study: The Home Depot

10049 words - 40 pages Case Study: The Home DepotPrefaceThis Essentials of Strategic Management assignment has been made by three persons which have been working together and individually to finish the assignment properly and in time.Secondly, we would like to thank the company whose websites we were able to visit and use, to get additional information that we could use for leading the assignment of Home Depot to a successful ending.We can say, that it was a pleasure

Home Depot Inc. Case Analysis

2179 words - 9 pages mentioned above, Home Depot can improve its future performance and profitability and be dominant in the market in the years coming.References:K. Palepu, 'The Home Depot, Inc.', the case, Harvard Business School, 1996Palepu, Healy and Bernard. 'Business analysis and valuation', Third edition, 2004Table 1: Stores Productivity198319841985Sales/Store ($million)Transaction/Store (000)Sales/TransactionSquare Foot/Store (000)Sales/Square

Case Study On Home Depot

1137 words - 5 pages Executive SummaryHome Depot's company stated vision is described in the case as "to be one of the most successful retailers in the next millennium" which is further defined by Home Depot's management as "the most successful retailers... will be those, among other things, can effectively profitability extend their reach to global markets". Management at Home Depot also states that they plan to take the existing success in areas where they have a