About Home Depot
The Home Depot was founded by Arthur Blank and Bernie Marcus in the year 1978, together with Pat Farrah, a merchandising genius, and Ken Langone, an investment banker. When the first two stores of the Home Depot were opened on the 22nd of June, 1979 in Georgia, the main vision of the founders as regards fruition was to let the buyers do everything themselves. The first stores were about 60,000 sq. feet each, and were basically warehouses which overshadowed competition and had around 25,000 SKUs in stock, which was well above the normal stock held by most hardware stores. There were also some empty boxes on the shelves, which made people think of more inventory lying with them.
From the very beginning, the associates were capable of offering the best of the services to consumers, and assisting them in many things like laying of tile, changing a valve or handling of a power tool. They not only educated customers about the hardware in the best possible manner, but also set up a clinic where people wanting to learn more could join to increase their knowledge. In fact, the Home Depot took the industry of home improvement by storm by letting the customers do the basic work themselves without requiring the services of professionals, which saved them a lot of money.
In the history of the United States, Home Depot is the fastest growing retail house. In the year 1984, the company knocked the doors of the capital market and listed on NASDAQ, the stock exchange of New York. From that time onwards, the company had tremendous decades ahead, and the 100th store opening was marked in 1989. The company also acquired the improvement centers of Aikenhead in Canada in 1994, and after acquiring Total HOME in 2001, they were a popular lot in Mexico. They forayed into China in 2006, with the acquisition of The Home Way.
The Home Depot always had strategic alliances with leading manufacturers of the industry to assist consumers. In that matter, the company reached out to the normal consumers and set its own standards in the home improvement industry.
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