A Collection of Resources To Tell The Story of Home Depot
This post contains and an abundant amount of resources from across the web that will give you the whole story of how this idea dreamed up in a coffee shop became America’s Largest home improvement retailer, but first a brief introduction.
With revenue of over $108 Billion in 2019 and employing over 400,000 people, Home Depot is the largest home improvement retailer in the United States. Operating as a big-box format retailer the company offers a wide variety of home improvement items from top brands as well as its own brand names.
Some of the categories the company provides include; garden supplies, appliances, paint, lumber, tools, plumbing supplies, building materials, kitchen and bath products, flooring, hardware, electrical supplies, and more.
It was the year 1978 In a coffee shop in Los Angeles where Bernard Marcus and Arthur Blank after being fired during a corporate power struggle at Handy Dan, came up with the idea of The Home Depot.
The core idea was what they call the “bill of rights,” consisting of the best variety of products, enough quantities of stock, great pricing, and the help of trained qualified sales associates to help customers find the right product for their needs as well as offer advice for their home improvement and repair projects.
Investment banker Ken Langone and merchandising guru Pat Farrah, with their expertise and connections were a key part of the success of getting this idea up and running with the first two Home Depot stores opening in Atlanta.
The stores opened with a warehouse look and with 60,000 square feet, there were more items than any of their competitors. They had so much space they stacked the top shelves with empty boxes to give the impression the store was packed with products. In the early days, Marcus and Blank drove forklifts around the warehouse to make skid marks so it would look like there was a lot of forklift traffic and the store was busy.
During the grand opening Marcus and Blank had their kids stand at the exit and give each customer a dollar as a thank you for coming in, they barely had any customers come that day so the kids moved to the parking lot offering people a dollar to come in and tour the store.
For the complete story of Home Depot and peek into its financials, shareholders, employee relations, company facts and more, see the unique collection of hand-picked resources in the sections to follow.
Sections included in this post:
- The History of Home Depot
- Home Depot Founders
- Home Depot Executives
- The Home Depot Mission Statement
- Home Depot Divisions And Subsidiaries
- Home Depot Ownership And Investors
- Facts About Home Depot
- Home Depot Reports And Financial Statements
- Business Strategies Used By Home Depot
- Revenue Strategies
- The Main Competitors of Home Depot
- Target Market & Marketing Strategies
- Products & Services Offered By Home Depot
- Home Depot Employee Relations
- Home Depot Company Culture
- The Reputation of Home Depot
- Home Depot Company Complaints
- Home Depot Failures
- Inside The Success of Home Depot
- Home Depot Articles And Stories of Interest
- Books Related to Home Depot
- The Latest About Home Depot
- Latest Search Results Related To Home Depot
- Latest News Related To Home Depot
Tweets Related To Home Depot
Videos Related To Home Depot
The History of Home Depot
A company’s history offers valuable lessons and it’s interesting to find out about a company’s original operations, how it has changed, and the challenges during the startup phase.
Home Depot Founders
This section focuses on the people that started the company. You can gain insights into their goals, ideas, foresight, and how they started the company.
Have a look at the following resources included in this post related to the founders.
Home Depot Executives
In the executive section, you’ll find information related to the management of a company. Management decisions play an important role in a company’s success. It’s not luck that makes a company successful, but planning, strategy, and leadership.
Below are resources related to the executives of Home Depot.
The Home Depot Mission Statement
A mission statement helps a company stay on track and focus on its goals, culture, and ensures everyone is on the same page.
A mission statement is for company employees as well as the public. It’s usually a broad description of the company’s focus and activities.
A company’s mission statement is the company’s public face, and it is commonly used in marketing materials.
Below are the resources I have included related the mission statement for this Home Depot
Home Depot Divisions And Subsidiaries
The division of a company is a part of a business entity. In other words, even if a division operates under a different name it’s still part of the entity.
A subsidiary is an entirely different company, usually owned by a larger company.
Have a look at the resources for Home Depot subsidiaries and Divisions.
Home Depot Ownership And Investors
In this section, you’ll find resources related to ownership, investors, and shares. Below you’ll find the resources I have included for this post.
Facts About Home Depot
In this section, you’ll find facts about the company. I like going through the facts because in a page or two you can learn a lot about the company and if you find something that’s really interesting you can dig deeper.
Have a look at the resources below included in this post related to Home Depot facts.
Home Depot Reports And Financial Statements
In this section, you can find out information such as the company’s profits, losses, net worth, liabilities, shares, owner’s equity, etc. available to the general public.
Have a look at the resources included below.
Business Strategies Used By Home Depot
In this section, can get a glimpse of the strategist used by the company. The strategy a company uses can be the difference between success, failure, a mediocre business, or a huge success story.
Below you’ll see the resources included related to business strategies used by Home Depot
This section focuses on the main revenue sources the company targets. For some companies it’s one main source for others it’s multiple sources of revenue.
Have a look at the resources to follow to give you an overview of the revenue strategies used by Home Depot.
The Main Competitors of Home Depot
This section focuses on direct and indirect competition for Home Depot. Competition is good, it drives innovation. If it wasn’t for competition businesses wouldn’t have to try so hard for your business. Competition makes managers and company owners come up with better ideas for products and services while providing the best prices they can.
Below you can browse through the resources related to the main competition for Home Depot.
Target Market & Marketing Strategies
This section focuses on the target market and the marketing strategies used. Just as above targeting is an important process and without it your focus will be too broad and you won’t be able to zero in on the right marketing techniques.
The marketing strategy used by a company can make or break it. The right strategy can make millions while a poor marketing strategy can end up in bankruptcy.
Products & Services Offered By Home Depot
This section offer resources related to core products and services offered by Home Depot. Many large corporations have a large variety of products and services. Some companies are so large and complex that they stem from a variety of industries that operate on a global level, which is known as conglomerates.
Have a look at the resources below for products and services offered by Home Depot.
Home Depot Employee Relations
In this section, you can find resources related to the employees of Home Depot such as job satisfaction, labor relations, the number of employees, etc.
Home Depot Company Culture
Here’s where you can gain an idea about the culture of the company. A Company’s culture includes the work environment, company values, expectations, ethics, and more.
See the resources included in this post for the culture of Home Depot
The Reputation of Home Depot
In the resources below, you’ll find information related to the reputation of Home Depot. You’ll get insights as to how Home Depot is viewed by the general public.
A companies reputation is important a bad reputation can result in huge losses and the loss of public trust. A company’s reputation is an asset to any company and it’s important to maintain it.
Home Depot Company Complaints
In this section, you can go through the resources to view the complaints, whether the complaints lead to a lawsuit or a viral rant, have a look at the complaints people have against Home Depot.
Home Depot Failures
Companies go through many phases, some are successful and some are miserable failures. Even though a company has failures, it’s a learning experience for management as well as other people.
Below are the resources I have included for this post related to Home Depot failures.
Inside The Success of Home Depot
Success can be the result of a small idea that was executed extremely well at other times it may be the result of a long term vision.
It’s interesting to study the success of companies and how people have dealt with managing a company that started off small and grew into a huge success story.
Have a look at the resources I have included in this post related to the success of Home Depot.
Home Depot Articles And Stories of Interest
In this section, you’ll find a mix of articles worth mentioning in this post related to Home Depot.
Have a look at what’s included for this post related to Home Depot.
Books Related to Home Depot
Some companies are a huge success story or a miserable failure, with many lessons to learn. Have a look at books people have written for a complete overview.
Have a look at the links below to view the books available related to Home Depot
The Latest About Home Depot
In this section, you’ll be able to stay up to date on the latest information related to Home Depot including the latest news, Google searches, videos, what people are tweeting, and more.
I recommend spending some time on the news, tweets, that can offer up-to-the-minute information about Home Depot.