81 Facts About Home Depot

Home Depot, Inc, is an American multinational home improvement retail corporation that sells tools, construction products, appliances, and services.

Home Depot is the largest home improvement retailer in the United States.

Home Depot is headquartered in incorporated Cobb County, Georgia, with an Atlanta mailing address.

Home Depot was co-founded by Bernard Marcus, Arthur Blank, Ron Brill, Pat Farrah, and Ken Langone in 1978.

The Home Depot's proposition was to build home-improvement superstores, larger than any of their competitors' facilities.

Related searches

The Home Depot joined the New York Stock Exchange on April 19, 1984.

Home Depot began to branch out of Georgia to Florida in 1981 with stores opening in Hollywood and Fort Lauderdale.

In 1989, The Home Depot became the largest home improvement store in the United States, surpassing Lowe's.

Home Depot entered the Mexican market in 2002 with the acquisition of the home improvement chain Del Norte.

The Home Depot decided to close all Home Depot Landscape Supply stores in late 2007.

In September 2005, Home Depot Direct launched its online home-furnishings store, 10 Crescent Lane, shortly followed by the launch of "Paces Trading Company, " its online lighting store.

In mid-2006, the Home Depot acquired Home Decorators Collection, which was placed as an additional brand under its Home Depot Direct division.

In 2006, the Home Depot acquired Hughes Supply the largest home retailer in the United States for $3.

The Home Depot Supply rebranded under the new name HD Supply in January 2007.

Five months later The Home Depot sold HD Supply to a consortium of three private equity firms, The Carlyle Group, Bain Capital and Clayton, Dubilier and Rice.

In 2008 and 2009, with the downturn in the housing market, The Home Depot announced the layoff of several thousand associates, as well as the closing of 54 stores nationwide, including the entire EXPO Design Center chain.

In 2013, The Home Depot established two large distribution centers in Atlanta and Los Angeles.

Home Depot subsequently served as senior vice president of merchandising from August 2003 to April 2007.

Home Depot then served as an executive vice president of merchandising from April 2007 to February 2014.

The practice was stopped, and Home Depot offered a year of free credit monitoring through AllClearID for any customers who requested it.

On July 22, 2015, Home Depot acquired Interline Brands from P2 Capital Partners, Goldman Sachs' private equity arm, and the management of Interline Brands for $1.

In 2017, Home Depot acquired the online presence of The Company Store from Hanover Direct.

In January 2022, The Home Depot announced Craig Menear would be stepping down as the CEO and president effective March 1, 2022 while continuing to serve as the chairman of the board.

Home Depot was replaced by former executive vice president Ted Decker.

Home Depot's mascot has been Homer D Poe since 1981 when he was first used in advertising.

Related searches

Home Depot color is a bright orange, on signs, equipment and employee aprons.

Home Depot announced the new slogan "How Doers Get More Done" on December 5, 2019, replacing the previous slogan "More saving.

Home Depot took the place of Marvin Ellison, who left to become the chief executive of J C Penney.

In January 2016, Home Depot announced the departure of Powers as division head, to be replaced by another veteran employee, Ann-Marie Campbell, one of Powers' deputies.

Home Depot has over 90 distribution centers throughout the United States to serve over 2, 000 The Home Depot stores.

In 2006, The Home Depot started testing fuel centers at some of its stores.

Home Depot offers rental vans and trucks at many of its locations.

Home Depot Foundation is the philanthropic arm of the company created in 2002.

Since 1993, the "Team Home Depot" program has provided grants to veteran-based organizations and has workers from a local store do volunteer work that would benefit veterans.

Home Depot has partnered with the Georgia Emergency Management Agency's Ready Georgia campaign, leading both supplies and facility use to this statewide effort to increase emergency preparedness among Georgia's children.

Home Depot provided ready kits and other prizes for an art and essay contest for Georgia elementary school students.

In 2005, The Home Depot was among 53 entities that contributed the maximum of $250, 000 to the second inauguration of President George W Bush.

The financial support from Home Depot was to help address the needs of the shortage of construction workers.

Home Depot has stated on their website that they have a commitment "we continue to lead by example, demonstrating to the world that sustainability business practices are not only possible, they are good for business.

Home Depot executives said that as the world's largest buyer of construction material, their company had the power to persuade thousands of suppliers, homebuilders, and consumers to follow its lead on environment sustainability.

Home Depot has since worked with environmental groups to create a variety of green programs.

For example, Home Depot planted thousands of trees at its headquarters in Atlanta to offset carbon emissions.

In 2007, The Home Depot Foundation committed to investing $100 million over the next decade to build over 100, 000 green affordable homes and plant 3, 000, 000 trees.

Additionally, The Home Depot promotes compact fluorescent light bulbs in its stores.

In 2002, The Home Depot joined PBS as a sponsor of This Old House and Ask This Old House.

Related searches

The Home Depot made no formal association with the Falcons until April 2017, when The Home Depot acquired the naming rights to the 11-acre park adjacent to Mercedes-Benz Stadium.

The Home Depot Backyard occupies the site of the former Georgia Dome, and serves as parking and tailgating space during Falcons' and Atlanta United FC home games and public use greenspace during non-event days.

The Home Depot ceased to be a sponsor of the Canadian Olympic Team in 2005 and ended a sponsorship program for the United States Olympic team in 2009.

Home Depot was a major sponsor for Joe Gibbs Racing in NASCAR from 1999 to 2014.

Stewart drove The Home Depot-sponsored No 20 car for Joe Gibbs Racing until 2008, winning 2 of his 3 series championships in the car, and was succeeded by Joey Logano, who took the car to victory lane twice.

Home Depot was the title sponsor of The Home Depot Center in Carson, California, home to the Los Angeles Galaxy of Major League Soccer; the venue was formerly the home of Chivas USA of MLS, which folded in 2014, and the Los Angeles Riptide of Major League Lacrosse, which folded in 2008.

In January 2007, The Home Depot became the official home improvement sponsor of ESPN's College Gameday.

Home Depot Canada is the Canadian unit of the Home Depot and one of Canada's top home improvement retailers.

Home Depot Canada has stores in all ten Canadian provinces and serves territorial Nunavut, Northwest Territories, and Yukon through electronic means.

Home Depot management had an ambitious plan to overtake its biggest competitor, RONA, which has about four times as many stores.

Home Depot operates 126 stores and has become one of the largest retailers in Mexico since it entered the market in 2001.

The Home Depot increased its presence in Mexico in 2004, with the acquisition of Home Mart, the second largest Mexican home improvement retailer.

Home Depot Mexico employs more than 15, 000 associates throughout the country and as of the end of 2016, it had a record of 50 consecutive quarters with posted growth.

In December 2006, The Home Depot announced its acquisition of the Chinese home improvement retailer The Home Way.

In September 2012, The Home Depot announced it was closing all big box stores in China.

The Home Depot retained two specialty stores in China, a Home Decorators Collection Store and a paint and flooring store.

The Home Depot has no immediate plans to further expand its specialty stores in China.

Home Depot is taking a "wait-and-see" attitude towards the Chinese market, but does not want to completely pull out because re-entry into the market would be very costly.

In 2012, The Home Depot conceded that it misread the country's appetite for do-it-yourself products.

In 1993, Home Depot opened its first and only store in Peru, however, low sales and weak promotion for the brand led to its closure the following year.

Related searches

Home Depot has since expanded across Latin America very profitably and successfully.

Home Depot was embroiled in whistleblower litigation brought under the Sarbanes-Oxley Act law.

In July 2005, former employee Michael Davis, represented by attorney Mark D Schwartz, filed a whistleblower lawsuit against the Home Depot, alleging that his discharge was in retaliation for refusing to make unwarranted back charges against vendors.

Davis alleges that the Home Depot forced its employees to meet a set quota of back charges to cover damaged or defective merchandise, forcing employees to make chargebacks to vendors for merchandise that was undamaged and not defective.

Home Depot has settled the dispute in a stipulation of settlement dated March 28, 2008.

The Home Depot agreed to pay the plaintiff's counsel $6 million in cash and $8.

Powell v Home Depot USA, Inc (2011) was a decision by the United States District Court for the Southern District of Florida concerning patent infringement on a "safe hands" device that Michael Powell, an independent contractor for Home Depot, created in response to injuries to the hands of associates using in-store radial arm saws.

In 2011, Home Depot appealed against the decision to the United States Court of Appeals for the Federal Circuit, challenging the district court's denial of its renewed motion for judgment as a matter of law on the issues of infringement, willfulness, and damages.

Home Depot said it fundamentally disagreed with the engineers quoted by the Star and said it would use tilt-up construction when it rebuilds the Joplin store.

On September 2, 2014, security news reporter Brian Krebs reported that he was seeing evidence of credit card numbers linked to Home Depot purchases being sold online, which he concluded to suggest that The Home Depot's payment systems were breached by hackers.

On September 8, 2014, Home Depot confirmed that their payment systems were compromised.

Home Depot offered its affected customers a free one-year credit monitoring service from AllClear ID.

On September 18, 2014, Home Depot released a statement saying that the hackers obtained a total of 56 million credit card numbers as a result of the breach.

Since the breach, Home Depot has rolled out new encryption technology for its cash registers and self-checkout systems to protect customers.

In September 2012, Home Depot agreed to pay $100, 000 and furnish other relief to settle a disability discrimination lawsuit filed by the U S Equal Employment Opportunity Commission, for the alleged failure to provide a reasonable accommodation for a cashier with cancer at its Towson, Maryland, store and then for purportedly firing her because of her condition.

In December 2020, The Home Depot was fined over $20 million for lead paint violations.