History Blake agreed to a much more conservative compensation package than Nardelli, which is very heavily dependent upon the success of the company. When the founders of Home Depot—Bernie Marcus, and Arthur Blank—opened their first store in Atlanta, Georgia, in June of 1979, it was the largest home improvement specialty store. "[20], In 2004, Home Depot employees at a suburban Detroit store in Harper Woods, Michigan, rejected a bid to be represented by a labor union, voting 115 to 42 against joining the United Food and Commercial Workers. Company co-founder Arthur Blank purchased the Atlanta Falcons franchise of the National Football League in February 2002; Blank later acquired an expansion franchise in Major League Soccer, Atlanta United FC, in April 2014 with the soccer club beginning play in March 2017. Employees would not only be able to sell, but they would also be able to walk customers at every skill level through most any home repair or … Laut Home Depot betrug der verursachte Schaden durch die notwendige Behebung der Probleme 62 Millionen US-Dollar. The Home Depot is a home improvement retailer. which had been used since 2003. The subsidiaries of Interline Brands are now companies of The Home Depot. Today, Home Depot has over 2,000 stores. He then served as an executive vice president of merchandising from April 2007 to February 2014. In addition, The Home Depot had begun construction of stores in Mexicali and Tijuana. Only two of the slab walls in the Home Depot survived. The Canadian head office is located in Toronto. When The Home Depot was founded in 1978, Bernie Marcus and Arthur Blank had no idea how revolutionary this new “hardware store” would be for home improvement and the retail industry. The Home Depot, Inc. (HD) Dividend Growth History: By month or year. [102], American home improvement supplies retailing company, Companies with global retail sales of over US$25 billion, Edmund T. Pratt Jr. School of Engineering, United States District Court for the Southern District of Florida, United States Court of Appeals for the Federal Circuit, List of data breaches in the United States, http://otp.investis.com/clients/us/home_depot/SEC/sec-show.aspx?FilingId=13072948&Cik=0000354950&Type=PDF&hasPdf=1, "Why Home Depot Dominates the Home Improvement Market", "The Home Depot Completes Acquisition of Interline Brands, Inc", "Home Depot Corporate website: Our History", Home Depot Stock History: What You Need to Know, "The Home Depot, Inc. – Company Profile, Information, Business Description, History, Background Information on The Home Depot, Inc", "COMPANY NEWS; Home Depot Buys Chain In Canada", "Home Depot Names GE's Nardelli As New CEO in a Surprise Move", "HOME DEPOT TO PAY $245.4 MILLION FOR DIRECT MARKETER", "Home Depot Plans To Buy Maintenance Warehouse", "Home Depot Tightens Focus on Commercial Customers", "New Name For Apex Supply Co. And Maintenance Warehouse", "Home Depot Workers Reject Bid to Unionize", "Home Depot to acquire Your "other" Warehouse", "Home Depot Landscape Supply Blooms in Atlanta", "Home Depot Closing Landscape Supply Stores", "Home Depot to buy Hughes Supply for about $3.2 billion", "The Home Depot Completes Acquisition of Hughes Supply", "Wholesale Division of Home Depot Branded Under Name of HD Supply", "HD Supply, Backed by Carlyle and Bain, Files for I.P.O. Meaning and History logo. [29] 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 (with each agreeing to buy a one-third stake in the division). [27] Hughes Supply was integrated into The Home Depot Supply to better serve business-to-business customers. A successful home improvement retailer, The Home Depot offers a diverse range of tools, construction products, and services. In 2002, The Home Depot joined PBS as a sponsor of This Old House and Ask This Old House. The district court jury returned a verdict in favor of Powell. [41], In 2017, Home Depot acquired the online presence of The Company Store from Hanover Direct. [12] The increased expansion of The Home Depot in the mid-1980s created financial difficulties with earnings falling at 42% and debt rising to $200 million. The first two "Home Depot Fuel" convenience stores (C-Store) were located in Tennessee. A class-action lawsuit was filed against the company. Beginning with stores in the Greater Toronto Area, The Home Depot quickly grew to become one of Canada's leading retailers, opening its first western Canadian store in Edmonton, Alberta in March of 1994. Kingfisher consists of several European DIY chains; however, the Home Depot was only interested in B&Q operations and says that it would dispose of the Castorama chain which operates in France, Italy, Poland and Russia. [80] The CEO in this period was Bob Nardelli, a friend of U.S. President George W. HD Home Depot, Inc. (The) Earnings Date History and Options Price Movements Analysis 20's primary sponsor was taken over by Dollar General, but the company still served as its most frequent secondary sponsor through its Husky Tools division. Employees would not only be able to sell, but they would also be able to walk customers at every skill level through most any home repair or improvement. Customers feel that aside from the quality products t… The appellate court found no inequitable conduct and insufficiently egregious misconduct on the part of Powell's attorney. In mid-2006, the Home Depot acquired Home Decorators Collection, which was placed as an additional brand under its Home Depot Direct division. In Quebec, where it has 22 stores, The Home Depot is branded simply Home Depot (using English words but without the definite article "The"). Each operates more than 2,000 stores, with more than 100,000 square … Originally, their aim was simply to build superstores bigger than their direct competition in the home improvements sector. Nachrichten zur Aktie Home Depot Inc., The | 866953 | HD | US4370761029 [11], The Home Depot began to branch out of Georgia to Florida in 1981 with stores opening in Hollywood and Fort Lauderdale. He took the place of Marvin Ellison, who left to become the chief executive of J.C. Penney. The change occurred on November 1, 2014. The biggest Home Depot is 225,000 square feet. But the heart of Home Depot was the expertly trained floor associates who could teach customers how to handle a power tool, change a fill valve or lay tile. Perfect for birthdays, holidays and just to say “thank you,” our Gift Cards are reloadable in-store and online. In 2012, they proceeded to close the big-box style stores that they had in China, however smaller stores that specialized in custom products and focused on more intimate interactions between customers and associates remain open there. [34] Associates at EXPO were allowed to re-apply for Home Depot jobs after the layoffs, and did not lose any tenure if hired back. The Home Depot joined the New York Stock Exchange on April 19, 1984. In response to Akin Gump's revelation, Davis' attorney, Schwartz, asked for the case to be reopened to permit further questioning of the witnesses. [17][18] Atlanta-based company Apex Supply was acquired by The Home Depot in 1999. The stores are very big, with high ceilings, like a warehouse. Wilmar expanded its retail business by selling MRO products to apartment complexes and multi-family housing. The financial support from Home Depot was to help address the needs of the shortage of construction workers.[67][68]. [37], In August 2014, it was announced that Frank Blake would step down as CEO and would be replaced by 57-year-old Craig Menear. 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. Indeed, Blake repudiated many of his predecessor's strategies, and it has been reported that the two men have not spoken since Nardelli departed Home Depot. Soon, The Home Depot began offering DIY clinics, customer workshops and one-on-one sessions with customers. Eröffnet wurde der Prozess aufgrund einer Sammelklage der Kunden, die von dem Security Breach betroffen waren. [44], For the Q2 of 2020, the company reported sales of $38.1 billion, which represented a growth of 23.4% from the same period, the previous year. In 2002, Argentina's Home Depots were bought out by Chilean company Cencosud and rebranded Easy stores, a company that has also expanded across South America. [45] In the Q3 for 2020, ending November 1, Home Depot reported a revenue of $33.5 billion; it represents a year-on-year increase of 24 per cent. We can help." [59] Home Depot supports the U.S. Military community with a 10% military discount. For example, Home Depot planted thousands of trees at its headquarters in Atlanta to offset carbon emissions. To curb The Home Depot difficulties it opened only 10 stores in 1986 with a stock offering 2.99 million shares at $17 per share that helped The Home Depot to restructure its debts.[13]. Home Depot and Lowe's are both giants of the home improvement sector. The net earnings for the period of three months (ending August 2) rose 27% up to $4.3 billion. From those two stores in Atlanta, Home Depot has grown to more than 2,200 stores in three countries, but in every store, our goal is the same: to earn our customers’ respect by offering the highest level of service, the broadest selection of products and the most competitive prices. Shop online for all your home improvement needs: appliances, bathroom decorating ideas, kitchen remodeling, patio furniture, power tools, bbq grills, carpeting, lumber, concrete, lighting, ceiling fans and more at The Home Depot. Founded in 1978, The Home Depot, Inc. is the world's largest home improvement specialty retailer with fiscal 2018 retail sales of $108.2 billion and earnings of $11.1 billion. The settlement terms included a $13 million fund to reimburse shoppers and a $6.5 million fund for cardholder identity protection services. The Home Depot was embroiled in whistleblower litigation brought under the Sarbanes-Oxley Act (SOX) law. Since the breach, Home Depot has rolled out new encryption technology for its cash registers and self-checkout systems to protect customers. Your Other Warehouse also supplied two divisions of The Home Depot and the EXPO Design Centers. [100], In September 2012, Home Depot agreed to pay $100,000 and furnish other relief to settle a disability discrimination lawsuit[101] 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. [78], In January 2007, The Home Depot became the official home improvement sponsor of ESPN's College Gameday. HOME DEPOT AKTIE und aktueller Aktienkurs. which was introduced in the March 18, 2009, circular, replacing "You can do it. The current TTM dividend payout for Home Depot (HD) as of December 07, 2020 is $6.00 . It has contributed over $200 million in time, labor, money, and supplies to a number of causes, including Habitat for Humanity, California-based City of Hope National Medical Center, and playground construction organization KaBOOM! Talks ending in 2005 did not result in any takeover deal.[88][89][90]. 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. [48] The company color is a bright orange (PMS 165, CMYK 60M100Y, HEX FF6600), on signs, equipment and employee aprons. The Home Depot decided to close all Home Depot Landscape Supply stores in late 2007.[26]. As a spokeswoman for the company said in an interview with the Wall Street Journal, "The market trend says this is more of a do-it-for-me culture.”[85] Some have speculated that The Home Depot could have offered a do-it-for-me model to Chinese consumers. His severance package of $210 million was criticized because when the stock went down, his pay went up. [19] Apex Supply and Maintenance Warehouse were rebranded in 2004 as "The Home Depot Supply. © 2020 Home Depot Product Authority, LLC All Rights Reserved. No fees and they never expire. Marcus and Blank implemented a customer “bill of rights,” which stated that customers should always expect the best assortment, quantity and price, as well as the help of a trained sales associate, when they visit a Home Depot store. The label promotes energy conservation, sustainable forestry, and clean water. 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. The 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. The Home Depot was co-founded by Bernard Marcus, Arthur Blank, Ron Brill, and Pat Farrah in 1978. [98] On September 8, 2014, Home Depot confirmed that their payment systems were compromised. After nearly a … Available in plastic or e-Gift Card options. [76], The Home Depot was a major sponsor for Joe Gibbs Racing in NASCAR from 1999 to 2014. It was founded in 1978. The Home Builders Institute will use the money to train veterans and U.S. Army soldiers, high school students, and disadvantaged youth. [71] Home Depot has since worked with environmental groups to create a variety of green programs. Home Depot (HD) Declares $1.50 Quarterly Dividend; 2.2% Yield Home Depot (HD) Declares $1.50 Quarterly Dividend; 2% Yield Home Depot (HD) Declares $1.50 Quarterly Dividend; 2.4% Yield [31][33], 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. The Home Depot began after coworkers Bernie Marcus and Arthur Blank were fired on the same day in 1978 from their executive jobs at Handy Dan Home Improvement Centers in southern California. It is in Union, New Jersey. While the venture was viewed with great optimism by founders Bernard Marcus and Arthur Blank,[91] it eventually proved unprofitable. Find the latest Home Depot, Inc. (The) (HD) stock quote, history, news and other vital information to help you with your stock trading and investing. The goal of the project is to help provide innovative solutions for the home in areas such as security and home monitoring, communications, energy efficiency, entertainment, environment, and health. The Home Depot: Arthur Blank, Forest City Screwdriver and Drill Company, https://en.wikipedia.org/w/index.php?title=The_Home_Depot&oldid=993428324, 1978 establishments in Georgia (U.S. state), Companies listed on the New York Stock Exchange, Companies in the Dow Jones Industrial Average, Home improvement retailers of the United States, Articles with unsourced statements from August 2019, Articles with unsourced statements from March 2019, Wikipedia articles with CANTIC identifiers, Wikipedia articles with WORLDCATID identifiers, Creative Commons Attribution-ShareAlike License. There were also reports of credit card numbers being stolen when used to make purchases on Homedepot.com. 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