South Edmonton Common is one of Canada's largest retail power centres , and when it will be completely developed, it will spread over 320 acres (130 ha) and contain some 2,300,000 square feet (210,000 m) of retail space, making it one of the largest open-air retail developments in North America. The Common is located in south Edmonton , Alberta , extending from 23rd Avenue south to Anthony Henday Drive , and east from Gateway Boulevard to Parsons Road.
65-624: The Common has a large base of retail tenants that provide various goods and services. The first tenant in the Commons was The Home Depot , which opened in April 1998. Anchor tenants at South Edmonton Common include Canadian Tire (the chain's largest location), IKEA , Cineplex Cinemas , Rona+ , Real Canadian Superstore , and Walmart . Other stores include Staples , Best Buy , Marshalls , Lindt , and Mountain Equipment Company . Hartco Income Fund,
130-805: A Compete.com survey. In the US HomeDepot.com has 5 Call centers located in Kennesaw, GA; Atlanta, GA; Marietta, GA; Ogden, Utah and Tempe, AZ. Home Depot online offers in-store pickup and online returns. In 2006, The Home Depot started testing fuel centers at some of its stores. The first two "Home Depot Fuel" convenience stores (C-Store) were located in Tennessee . Four additional prototype stores were built in Acworth, Georgia ; Smyrna, Tennessee ; Greensboro, Georgia ; and Winchester, Tennessee . In 2012, Home Depot VP of Corporate Communication Stephen Holmes stated that
195-455: A chain of stores. The term sometimes also refers, by extension, to the company that operates the store. The term "big-box" references the typical appearance of buildings occupied by such stores. Commercially, big-box stores can be broken down into two categories: general merchandise (examples include Walmart and Target ) and specialty stores (such as Home Depot , Barnes & Noble , IKEA or Best Buy ), which specialize in goods within
260-480: A 75% share. All of the Aikenhead's Hardware stores were later converted to The Home Depot stores. By 1995, sales reached $ 10 billion while operating 350 stores. Former General Electric executive Robert Nardelli became CEO and president of The Home Depot in 2000. San Diego maintenance and repair supplies company Maintenance Warehouse was purchased by The Home Depot in 1997 for $ 245 million. Maintenance Warehouse
325-620: A catalog and online sales, but with five physical locations. The five physical locations were not included in the deal. In December 2020, Home Depot bought back HD Supply for $ 8 billion. 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. He was replaced by former executive vice president Ted Decker . In February 2023, Home Depot announced that it would spend $ 1 billion to raise hourly employee wages. As of 2020, Home Depot
390-704: A for-associate charity, is named after the mascot, who since its creation, has been a part of Home Depot culture ever since. This includes signage, advertising, awards, and even a life-size costume for stores to rent out. Homer has a wife, named Daisy. Home Depot stores average 105,000 ft (9,755 m ) in size and are organized warehouse-style, stocking a large range of supplies. Home Depot's two largest stores are located in Vauxhall, New Jersey , which encompasses 217,000 ft of space, and in Anaheim Hills, California , where it encompasses 204,000 ft . The company color
455-454: A larger, 53,000 square-foot layout and an updated store concept. The store, along with 65 other Future Shop stores, closed on March 28, 2015. and in August 2015, Spirit Halloween took the spot for 2 months, then leaving one anchor tenant vacant. Sport Chek, which opened in fall 2016, replaced Future Shop. The Home Depot This is an accepted version of this page The Home Depot, Inc.
520-439: A mammoth manner. Saravana Stores operating format is said to be the inspiration for Big Bazaar's Kishore Biyani. Similarly, conglomerates, such as Raheja's, Future Group, Bharti, Godrej, Reliance, and TATA, have over the last decade ventured into large-format retail chains. However, most of the stores opened in large malls and not as independent big-box format stores, even though small and medium enterprises (SMEs) still account for
585-491: A specific range, such as hardware , books , furniture or consumer electronics , respectively. In the late 20th and early 21st centuries, many traditional retailers and supermarket chains that typically operate in smaller buildings, such as Tesco and Praktiker , opened stores in the big-box-store format in an effort to compete with big-box chains, which are expanding internationally as their home markets reach maturity. The store may sell general dry goods , in which case it
650-637: A store in suburban Perth . IKEA began operation in Australia in 1975. Bunnings followed in 1995 and Mitre 10 adopted the model with the "Mitre 10 Mega" stores first opening at Beenleigh , Queensland in 2004. Costco has since expanded across Australia since opening its first store in 2009. Apart from major American big-box stores such as Walmart Canada and briefly now-defunct Target Canada , there are many retail chains operating exclusively in Canada. These include stores such as (followed after each slash by
715-655: 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 . If the union had won, the Michigan store would have been the first Home Depot to have union representation. Your Other Warehouse, a large plumbing distributor with a focus on special order fulfillment, was acquired by The Home Depot in 2001. Your Other Warehouse also supplied two divisions of The Home Depot and
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#1732858164731780-456: Is a bright orange (PMS 165, CMYK 60M100Y, HEX FF6600), on signs, equipment and employee aprons. Contractors make up only five percent of Home Depot's customers but they account for 45 percent of the companies $ 132 billion in annual sales. To address these contractor customers the company is building new flatbed distribution centers designed specifically to cater to builders that roll up in a contractor flatbed trucks . The Home Depot announced
845-556: Is a general merchandise retailer (however, traditional department stores , as the predecessor format, are generally not classified as "big box"), or may be limited to a particular specialty (such establishments are often called " category killers "), or may also sell groceries, in which case some countries (mostly in Europe ) use the term hypermarket . In the U.S., there is no specific term for general merchandisers who also sell groceries. Both Target and Walmart offer groceries in most branches in
910-560: Is an American multinational home improvement retail corporation that sells tools , construction products, appliances, and services, including fuel and transportation rentals. Home Depot is the largest home improvement retailer in the United States. In 2021, the company had 490,600 employees and more than $ 151 billion in revenue. The company is headquartered in unincorporated Cobb County, Georgia , with an Atlanta mailing address. Home Depot operates many big-box format stores across
975-509: Is an industrial supply and distribution company. The company, formerly called The Maintenance Warehouse, provided infrastructure and construction support services for businesses throughout North America. Renamed as HD Supply, the business was re-acquired by THD in December 2020. The Home Depot exclusively carries several major brands, including: Additionally, the retailer sells the following house brands , though it does not manufacture any of
1040-506: Is effective as of February 1, 2016. Ms. Campbell has been employed by Home Depot for over 30 years, beginning as a cashier in a branch in South Florida . Her most recent role was as president of Home Depot's Southern division. The Home Depot has over 90 distribution centers throughout the United States to serve over 2,000 The Home Depot stores. The domain homedepot.com attracted at least 120 million visitors annually by 2008 according to
1105-573: Is ranked #26 on the Fortune 500 rankings of the largest United States corporations by total revenue. In 2023, the company was ranked 67th in the Forbes Global 2000 . 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. The net earnings for the period of three months (ending August 2) rose 27% up to $ 4.3 billion. The growth in
1170-401: Is very heavily dependent upon the success of the company. Although a longtime deputy to Nardelli at GE and Home Depot, Blake was said to lack Nardelli's hard edge and instead preferred to make decisions by consensus. 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. In 2008 and 2009, with
1235-702: The NASDAQ , raising $ 4.093 million. The Home Depot joined the New York Stock Exchange on April 19, 1984. The Home Depot began to branch out of Georgia to Florida in 1981 with stores opening in Hollywood and Fort Lauderdale . By 1984, The Home Depot was operating 19 stores with sales of over $ 256 million. To enter the Dallas market The Home Depot acquired Bowater Home Center from Bowater Inc. on October 31, 1984, for $ 40 million. The increased expansion of The Home Depot in
1300-812: The EXPO Design Centers. The "EXPO Design Center" division was reorganized in 2001 with three divisions based in the Northeast at South Plainfield, New Jersey , the West at Orange, California , and the Southeast at Atlanta, Georgia . The Home Depot entered the Mexican market in 2002 with the acquisition of the home improvement chain Del Norte. In addition, The Home Depot had begun construction of stores in Mexicali and Tijuana . In
1365-522: The Southwest Division. He subsequently served as senior vice president of merchandising from August 2003 to April 2007. He then served as an executive vice president of merchandising from April 2007 to February 2014. Until becoming CEO, Menear served as president of U.S. Retail from February 2014 to November 1, 2014. The company had a data breach in September 2014. One major reason for the data breach
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#17328581647311430-923: The U.S. Big-box stores are often clustered in shopping centers, which are typically called retail parks in the United Kingdom. In the United States, when they range in size from 250,000 square feet (23,000 m ) to 600,000 square feet (56,000 m ), they are often referred to as power centers . In Australia, the retail category is known as "large format retail", encompasses bulky goods showrooms and more specialised retail categories within service or Highway commercial type land use zones. In 1969, Kmart Australia opened its first five Big-box type stores across Australia. The first opened in Burwood East , Melbourne in April, followed by Blacktown in Greater Western Sydney , two stores in suburban Adelaide and
1495-401: The U.S. Military community with a 10% military discount. Since 1993, the "Team Depot" program has provided grants to veteran-based organizations and has workers from a local store do volunteer work that would benefit veterans. Big-box store A big-box store , a hyperstore , a supercenter , a superstore , or a megastore is a physically large retail establishment, usually part of
1560-540: The United States (including the District of Columbia , Guam , Puerto Rico and the U.S. Virgin Islands ); all 10 provinces of Canada; and all 32 Mexican states and Mexico City . Maintenance, repair, and operations company Interline Brands ( The Home Depot Pro ) is also owned by The Home Depot, with 70 distribution centers across the United States. It is the sixth largest United States–based employer globally . The Home Depot
1625-417: The United States, Canada, and Puerto Rico that serve customer needs for MRO supplies. The brands of Interline Brands include: Online seller of textile and textile goods for the home decor market. Originally founded in 1911 as a purveyor of home furnishings, its online division—only—was acquired by THD in 2017. Online contractor referral service founded in 2009; now called THD Pro Referral. HD Supply
1690-405: The big-box variety, selling big screen TVs, computers, mobile phones, bicycles, and clothing. Many foreign names appear, such as Carrefour , Auchan , Tesco , Lotte Mart , and Walmart , as well as dozens of Chinese chains. Most stores are three stories with moving sidewalk-style escalators. Some stores are so large as to have 60 checkout terminals and their own fleet of buses to bring customers to
1755-446: The city of Hyderabad, and subsequently, in the city of Navi Mumbai. In Ireland , large merchandise stores in the style of U.S. superstores were not a part of the retail sector until the late 20th century. Dunnes Stores have traditionally had a supermarket-plus-household-and-clothes model and now have some large stores. Tesco Ireland now runs upwards of 19 hypermarkets across the country. The big-box phenomenon hit New Zealand in
1820-489: The company had no plans for additional fuel centers or growth in that area. The Home Depot offers rental vans and trucks at most of its locations. Blinds.com is an e-commerce retailer of window blinds and window coverings . Blinds.com was founded by Jay Steinfeld in 1993. By 2006, the company was named #186 on the Internet Retailer Top 500 Guide, as well as the 10th fastest-growing e-commerce company on
1885-636: The company that owns Compusmart, began shutting down its 15 Compusmart locations in May 2007. Originally, the South Edmonton Common location was not one of the first five to be shut down; however, it was quickly sold as well. As of January 2017, the location is currently occupied by Party City. Walmart initially opened in 1998 where as one of the first two retailers to open in South Common, the other being The Home Depot . It relocated from its former location in
1950-455: The company's patent-pending Instafit shade product. In January 2014, Blinds.com was acquired by The Home Depot. Power equipment rental company that prior to 2017 provided equipment to rental departments in over 1,000 Home Depots in North America. Acquired by The Home Depot on July 6, 2017. Interline Brands (renamed in 2018 as The Home Depot Pro) has over 90 distribution centers throughout
2015-717: The damaging competition that a large Walmart penetration would inflict on Canadian-based retailers. In the early 21st century, commercial developers in Canada such as RioCan chose to build big-box stores (often grouped together in so-called " power centres ") in lieu of traditional shopping malls . Examples include Deerfoot Meadows ( Calgary ), Stonegate Shopping Centre and Preston Crossing ( Saskatoon ), South Edmonton Common ( Edmonton ), and Heartland Town Centre ( Mississauga ). There are currently more than 300 power centres, which usually contain multiple big-box stores, located throughout Canada. Most large grocery stores in China are of
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2080-420: 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. Associates at EXPO were allowed to re-apply for Home Depot jobs after the layoffs , and did not lose any tenure if hired back. In the year of February 2009, sales totaled $ 71.288 billion, more than $ 20 billion down from
2145-612: The employees of such stores are usually not unionized. Unions such as the United Food and Commercial Workers Local 770 and the Joint Labor Management Committee of the Retail Food Industry have expressed concern about the grocery market because stores such as Kmart , Target , and Walmart now sell groceries. Unions and cities sometimes attempt to use land-use ordinances to restrict these businesses. Because it
2210-501: The global concept of a hypermarket , although they do not always have a grocery section, and the term "hypermarket" is not in common use in the United States. "Discount store," "megastore," and "superstore" are sometimes used in addition to the industry term "general merchandise retailer." The category began in 1931, when Fred G. Meyer opened what he called a "one-stop shopping center" in Northeast Portland, Oregon. Meyer's format
2275-496: The goods itself: Home Depot is mainly owned by institutional investors, who own around 70% of shares. The largest shareholders in December 2023 were: The Home Depot Foundation is the philanthropic arm of the company created in 2002. 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! Home Depot supports
2340-757: The large out-of-town supermarkets which have waned in popularity. The term "big-box store" is not used in the UK. "Superstore" is sometimes used, but with a slightly different meaning: on road signs it means "large supermarket"; in self-service shop names it denotes an outlet larger than that particular chain's usual size. In the United States , some big-box stores may specialize in categories of merchandise (" category killer "), such as Best Buy in electronics and appliances and Kohl's , Burlington , and Nordstrom Rack in apparel and home furnishings. Big-box general merchandise retailers such as Target and Walmart are similar to
2405-484: The largest home improvement store in the United States, surpassing Lowe's . In the 1990s The Home Depot searched for ways to redefine its marketplace. The EXPO Design Center subsidiary was launched in 1991 to provide high-end products and design services. A 480-page book Home Improvement 1-2-3 was published in 1995. The Canadian hardware chain Aikenhead's Hardware was acquired by The Home Depot in 1994 for $ 150 million with
2470-622: The largest superstore network in Hong Kong . The first Wellcome superstore opened in 2000 and it has only 17 superstores. In addition, CRC has four superstores in Hong Kong. Because Hong Kong is a very densely populated city, the sizes of superstores are considerably smaller than those in other countries. Some superstores are running at deficit, such as Chelsea Heights which therefore has stopped selling fresh fish . Furthermore, some ParknShop superstores and megastores, such as Fortress World, belong to
2535-704: The late 1980s, with the introduction of Kmart Australia and later the " Warehouse " superstore, a local company. Mitre 10 New Zealand opened their first Mega in 2004 at Hastings six months before the Australian Mega store; it opened to great success with 20 more stores opening within two years. Australian-owned Bunnings Warehouse opened its first store in New Zealand in 2006. In the United Kingdom , Makro and Costco membership-only warehouse club stores have been around for four decades. General merchandise shops along
2600-516: The late 1990s and "The Home Depot: First In Home Improvement!" from 1999 to 2003. Long-time employee Marc Powers became the head of Home Depot's US stores division in 2014. He 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. The change in leadership
2665-521: 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 $ 3.2 billion. Hughes Supply was integrated into The Home Depot Supply to better serve business-to-business customers. The Home Depot Supply rebranded under
South Edmonton Common - Misplaced Pages Continue
2730-495: The lines of U.S. superstores are not a large part of the retail sector, but this has been changing in recent years, with the creation of extra-large supermarkets such as Tesco and Asda selling a broader range of non-food goods, typically in out-of-town shopping centres or retail parks. As in the US, such large shops are sometimes called anchor tenants . The growth of online retail and budget retail has led to these chains moving away from
2795-582: The list. In 2009, Blinds.com was given the Marketer of the Year Award by the American Marketing Association , in recognition of its innovative marketing strategy. In response to demand for window coverings that could be installed quickly and easily, CMO Daniel Cotlar led a partnership with a manufacturing vendor to design a window shade that could be installed without tools or adhesive. This led to
2860-594: The majority of the daily consumer transaction needs. However, the most successful consumer retail chain that took the market and penetrated also to tier 2 and tier 3 cities was D Mart, owned by Avenue Supermarkets Limited. An attempt was made to allow international large format retailers such as Walmart into the country. However, it was successfully opposed by small retailers citing job elimination due to increased efficiency and lowered prices due to fewer losses and lower costs. Big-box format stores in India were opened by IKEA in
2925-491: The management of Interline Brands for $ 1.6 billion. Interline Brands became fully integrated with The Home Depot in August 2016 with the Interline Brands website merging with The Home Depot website. The subsidiaries of Interline Brands are now companies of The Home Depot. In 2017, Home Depot acquired the online presence of The Company Store from Hanover Direct . The Company Store was founded in 1911, operating primarily as
2990-404: The mid-1980s created financial difficulties with earnings falling by 42% and debt rising to $ 200 million. The financial difficulties of The Home Depot also caused the stock price to fall. 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 which helped The Home Depot to restructure its debts. In 1989, The Home Depot became
3055-552: The nearby Heritage Mall. On November 7, 2007, the newest Walmart Supercentre opened on the south end of South Edmonton Common, replacing the former retail location at Parsons Road and 21 Avenue. Konto Furniture , Sofa Land , Rooms + Spaces and Babies "R" Us now share the space of the former Walmart. The Walmart Supercentre has a full indoor garden centre, a fully serviced grocery store including meat, produce, bakery and floral. All former services such as McDonald's, optometrists, photo finishing and portrait studio are available at
3120-461: The new location, along with a Tim Hortons located in the building, which brings a total of three Tim Hortons locations to South Edmonton Common. Walmart is the only tenant of the shopping centre that is east of Parsons Road. On September 19, 2008, the Edmonton Journal reported Future Shop would be opening its largest store in Canada at 53,000 square feet (4,900 m). The location featured
3185-658: 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 (with each agreeing to buy a one-third stake in the division). On January 2, 2007, the Home Depot and Robert Nardelli mutually agreed on Nardelli's resignation as CEO after a six-year tenure. Nardelli resigned amid complaints about his heavy-handed management and whether his pay package of $ 123.7 million (excluding stock option grants) over
3250-478: The new slogan "How Doers Get More Done" on December 5, 2019, replacing the previous slogan "More saving. More doing." which was introduced in the March 18, 2009, circular, replacing "You can do it. We can help." which had been used since 2003. Other slogans used in the past 25 years include "The Home Depot, Low prices are just the beginning" in the early 1990s and "When you're at the Home Depot, You'll feel right at home" in
3315-539: The newly enlarged population of customers with cars, being located in suburbs and surrounded by ample parking lots. They were enabled by the decline of laws which prevented large retailers from getting bulk discounts. Warehouse club stores are another category of big-box general merchandise stores, such as Sam's Club , Costco , and BJ's Wholesale Club . They require membership to purchase and often require purchasing larger quantities of goods at once. Big-box development has at times been opposed by labor unions because
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#17328581647313380-474: The owner) Hudson's Bay , Loblaws / Real Canadian Superstore , Rona , Winners / HomeSense , Canadian Tire / Mark's / Sport Chek , Shoppers Drug Mart , Chapters / Indigo Books and Music , Sobeys , and many others. The indigenous Loblaw Companies Limited has expanded and multiplied its Real Canadian Superstore (and Maxi & Cie in Quebec) branded outlets to try to fill any genuine big-box market and fend off
3445-518: The peak of two years earlier due to the sale of HD Supply and falling revenue at the retained business. 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 that focused on more intimate interactions between customers and associates remain open there. In 2013, The Home Depot established two large distribution centers in Atlanta and Los Angeles . In August 2014, it
3510-426: The previous five years was excessive, considering the stock's poor performance versus its competitor Lowe's . His severance package of $ 210 million was criticized because when the stock went down, his pay went up. His successor, Frank Blake , previously served as the company's vice chairman of the board and executive vice president. Blake agreed to a much more conservative compensation package than Nardelli, which
3575-548: The sales was a result of Americans staying at home as a result of the COVID-19 pandemic . 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. The Home Depot's mascot has been Homer D. Poe since 1981 when he was first used in advertising. Gwyn Raker, the illustrator, says, "I designed him to be a funny guy next door who wasn't intimidating." The Homer Fund,
3640-425: The same corporation, Hutchison Whampoa . India has been going through a retail revolution since the late 1990s, following the introduction of Big Bazaar in 2001. However, even before that, large retail stores were not uncommon in India. Spencer's, a popular hypermart, traces its history as far back as 1863. Likewise, Saravana Stores operating as a large independent showroom format since 1969, continue to grow in
3705-551: The same year the Home Depot Landscape Supply was launched to integrate professional landscapers and upscale plants into a plant nursery retail chain. Home Depot Landscape Supply lasted only five years with only a few stores each in metro Atlanta and Dallas/Fort Worth . 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
3770-463: The store at no charge. Many configurations exist: the hypermarket that sells many kinds of goods under one roof (like French chains Carrefour , Auchan , and E.Leclerc ), most of which are integrated within a shopping mall ; the supermarket that is a smaller version of a hypermarket; the market located in city centres; the department store , which first appeared in Paris, then opened in other parts of
3835-588: The values that were important to us. Values like respect among all people, excellent customer service and giving back to communities and society On June 22, 1979, the first two stores, built in spaces leased from J. C. Penney that were originally Treasure Island " hypermarket " ( discount department and grocery ) stores, opened in metro Atlanta (in Doraville and on Memorial Drive in Decatur , both near I-285 ). On September 22, 1981, The Home Depot went public on
3900-614: The world; the "category killer" superstore that mainly sells goods in a particular domain (automotive, electronics, home furniture, etc.); and the warehouse store , like Metro Cash and Carry (for professionals only) and Costco , who opened its first store in June, 2017. To contend against Carrefour , ParknShop opened the first superstore in 1996 based on the concept of a wet market . Most superstores in Hong Kong emphasizes one-stop shopping, such as providing car park services. Today, ParknShop has more than 50 superstores and megastores, making it
3965-430: Was a leading direct-mail marketer of maintenance, repair and operations supplies that could reach customers out of reach by The Home Depot. Atlanta-based company Apex Supply was acquired by The Home Depot in 1999. Apex Supply is a wholesale distributor of plumbing, HVAC, industrial pipe and fittings. Apex Supply and Maintenance Warehouse were rebranded in 2004 as "The Home Depot Supply." In 2004, Home Depot employees at
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#17328581647314030-454: Was announced that Frank Blake would step down as CEO and would be replaced by 57-year-old Craig Menear . The change occurred on November 1, 2014. Blake continued with the company as chairman. Menear joined The Home Depot in 1997 and served in various management and vice-presidential positions, until 2003, including merchandising vice president of hardware, merchandising vice president of the Southwest Division, and divisional merchandise manager of
4095-428: 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. Investment banker Ken Langone helped Marcus and Blank to secure the necessary capital . Bernie and I founded The Home Depot with a special vision – to create a company that would keep alive
4160-458: Was imitated by Meijer in 1962 and later by Walmart, Kmart , Target (the discount brand of Dayton department store), and Woolco (the discount brand of the Woolworth department store) all opened. These were called " discount stores " — still an industry term for this type of store — and which between the 1960s and 1980s started to open larger-format stores called "megastores." These stores served
4225-624: Was the practice of entering credit card numbers directly into computers at the service-desk and pro-desk, and in specialty departments including flooring, kitchen cabinets, appliances, and millwork , rather than using POS credit card terminals directly. The practice was stopped, and Home Depot offered a year of free credit monitoring through AllClearID for any customers who requested it. There were also reports of credit card numbers being stolen when used to make purchases on Homedepot.com. On July 22, 2015, Home Depot acquired Interline Brands from P2 Capital Partners, Goldman Sachs' private equity arm, and
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