The company has made a name for itself as a one-stop shop for all of your home improvement needs. Their retail stores carry a wide selection of building materials and offer a full service installation program. In addition, the company operates a number of home improvement warehouses and is a major wholesale distributor to professional contractors and facilities maintenance professionals. They are also a leader in sustainability and environmental initiatives.
The founders of Home Depot, Bernie Marcus and Arthur Blank, were avid do-it-yourselfers and recognized the enormous market potential for a large store that offered a broad assortment of products and expert advice. The company’s early employees cultivated a culture of helping customers, even under the tightest budgets. According to Wyatt, the company’s merchandising guru and former executive vice president of merchandising, Home Depot has long promoted its philosophy that “Helping people make the right choices is the most important business we’re in.”
Since its founding in 1978, the Home Depot chain has grown to become the world’s largest home improvement specialty retailer with 2,298 stores operating throughout the United States, the District of Columbia, Puerto Rico, Guam, the U.S. Virgin Islands, and 10 Canadian provinces. The company has also expanded internationally, opening stores in Mexico and China.
The Company has continued to grow through a series of acquisitions including the Company Store, a chain of retail outlets that sells sheets, quilts, bath towels, and select clothing; Interline Brands, a wholesale distributor of maintenance, repair, and operations products for non-industrial businesses; and Compact Power Equipment. The Company is also a leading provider of online home improvement and do-it-yourself projects, with a dedicated website and mobile apps.