Home Depot, is one of the world’s top companies in Fortune’s Global 500. Back in 2020, it was ranked in the 59th, which was up 3 higher from 2019 with a wealth to be proud of. This world’s giant company engages in the sale of home furnishings. Based on its annual revenue in 2020, Home Depot managed to gain $110,22 billion.
That number was up 1.9% from the previous year. While its net revenue and assets stood at $11,24 billion and $51,23 billion respectively. Let’s talk further about this giant furniture company.
About Home Depot
Founded in 1978, The Home Depot is an American company engaged in the retail industry, especially home furnishings. It is headquartered in Atlanta, Georgia, with Francis S. Blake as the CEO. As one of the largest furniture retailers in the United States, this company is now operating 478 stores and selling more than 40,000 items to a variety of markets.
Besides individuals, Home Depot also sells its home furniture to property developers and professional contractors. It continues to stay ahead of its competitors. It even outperforms its closest rival, Lowe’s. This achievement is clearly visible, thanks to the recognition of continuous efforts to tidy up the storefronts that allow customers to see fuller pictures.
Also, Home Depot’s e-commerce operations grew by more than 20% back in 2019. Expansion of products and ranges is one of the big steps that the company takes. It carefully gets into home decoration products, which are considered effective in difficult conditions during the global pandemic.
How Did Home Depot Become a Giant Company?
In the early days, Home Depot was founded to know its customers’ needs, which Bernard Marcus, one of the company’s founders, considered as one essential element for the company’s growth. Also, Marcus and his colleagues realized that a lot of workers in the industry at that time did not have the technical knowledge or skills to handle most problems in home repair.
So, Home Depot decided to be a solution for such issues in 2 ways. First, the company made sure that all Home Depot stores were spacious enough to store at least 25,000 different items, while its competitors usually only had space for 10,000 items. The second was training the sales staff in every store.
Marcus and others believe that with knowledgeable employees, customers will put more trust in them to handle more home repair projects.
Quick Info:
| Founder | Bernard Marcus Arthur Blank Ron Brill Pat Farrah Ken Langone |
| Founded | June 29, 1978 |
| CEO | Edward Decker |
| Headquarters | Atlanta, Georgia, U.S. |
| Area Served | United States, Puerto Rico, Guam, Canada, Mexico, US Virgin Island |
| Social Media | Twitter.com/HomeDepot Facebook.com/homedepot Instagram.com/homedepot |
| Website | www.homedepot.com |
Home Depot Slogan and Taglines
Home Depot has several slogans and taglines, such as:
- How Doers Get More Done
- More saving. More doing
- You can do it. We can help
- The Home Depot, Low prices are just the beginning
- When you’re at the Home Depot, You’ll feel right at home
- The Home Depot: First In Home Improvement!
Home Depot Logo
Revenue
Home Depot Company earned total revenue of 151.2 billion USD in 2021. This number is higher than the previous year’s revenue by 37.2%.
