The Home Depot is the largest home improvement center retailer in the US,
and is also branching out to Canada, Mexico, Central America, and South America.
The large amount of home improvement items, and home improvement seminars have
helped the Home Depot grow in size. The customers The Home Depot gets are
not only homeowners, but also home builders. This is because of the low prices,
and large quantity and variety of quality items. The Home Depot is still expanding,
and is going to offer farming and ranching supplies in addition to lawn and
home improvement supplies.
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When Handy Dan Home Improvement Center was eaten up in a corporate buyout,
Bernard Marcus and Arthur M. Blank lost their jobs. They teamed up with
another co-worker, and they decided to create a better home improvement center
called The Home Depot. They had 3 stores in 1979, and in 1981, they went public,
gaining 4 million dollars. With this money, they flooded nearby states with
more stores, and increased sales into the ten millions. In the mid-1980s, The
Home Depot computerized their operation. They got computerized checkout systems
and item lookups, and ever since then, has never lagged behind in their
technology. In 1988, their sales were over $2 billion, due to the fact
that they added over 100 stores.
NYSE symbol: HD
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Chairman, CEO, and Secretary: Bernard Marcus, age 65, $2,600,000 pay
President and COO: Arthur M. Blank, age 52, $2,600,000 pay
EVP, CFO, and Treasurer: Ronald M. Brill, age 51, $605,385 pay
EVP Strategic Development: James W. Inglis, age 51, $556,923 pay
EVP Merchandising: Bill Hamlin, age 42
EVP: Larry Mercer, age 49
SVP Human Resources: Stephen R. Messana
Auditors: KPMG Peat Marwick LLP
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July 29 1994 - July 31 1996
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