Miss Doffin
Address:
Shenzhen, Guangdong, China
Telephone:
Zip Code:
Fax:
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Account Registered in:
2009
Business Range:
Arts & Crafts, Electrical & Electronics, Furniture, Lights & Lighting, Tools & Hardware
Business Type:
Other
Company Introduction
The Home Depot (NYSE: HD) is an American retailer of home improvement and construction products and services. The Home Depot operates 2, 193 big-box format stores across the United States (including all 50 U. S. States, the District of Columbia, Puerto Rico, the Virgin Islands and Guam), Canada (all ten provinces), Mexico and China. The Home Depot is headquartered from the Atlanta Store Support ...
The Home Depot (NYSE: HD) is an American retailer of home improvement and construction products and services. The Home Depot operates 2, 193 big-box format stores across the United States (including all 50 U. S. States, the District of Columbia, Puerto Rico, the Virgin Islands and Guam), Canada (all ten provinces), Mexico and China. The Home Depot is headquartered from the Atlanta Store Support Center in unincorporated Cobb County, Georgia, near Atlanta.
The Home Depot is the largest home-improvement retailer in the United States, ahead of rival Lowe′s, and the second-largest general retailer in the United States, behind only Wal-Mart.
The Home Depot was founded in 1978 by Bernie Marcus, Arthur Blank, Ron Brill, and Pat Farrah. [7] The Home Depot′s proposition was to build home-improvement warehouses, larger than any of their competitors′ facilities. Investment banker Ken Langone helped Marcus and Blank to secure the necessary capital.
Nardelli resigned amid complaints over his heavy-handed management and whether his pay package of $123.7 million, excluding stock option grants, over the past 5 years was excessive considering the stock′s poor performance versus its competitor Lowe′s. His golden parachute severance package of $210 million has been criticized because when the stock went down his pay went up. His successor is Frank Blake, who 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 his predecessor that is very heavily dependent upon the success of the company.
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 the year to February 2009 sales totaled $71.288 billion, more than $20 billion down from the peak of two years earlier due to the sale of HD Supply and falling revenue at the retained business.
The Home Depot is the largest home-improvement retailer in the United States, ahead of rival Lowe′s, and the second-largest general retailer in the United States, behind only Wal-Mart.
The Home Depot was founded in 1978 by Bernie Marcus, Arthur Blank, Ron Brill, and Pat Farrah. [7] The Home Depot′s proposition was to build home-improvement warehouses, larger than any of their competitors′ facilities. Investment banker Ken Langone helped Marcus and Blank to secure the necessary capital.
Nardelli resigned amid complaints over his heavy-handed management and whether his pay package of $123.7 million, excluding stock option grants, over the past 5 years was excessive considering the stock′s poor performance versus its competitor Lowe′s. His golden parachute severance package of $210 million has been criticized because when the stock went down his pay went up. His successor is Frank Blake, who 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 his predecessor that is very heavily dependent upon the success of the company.
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 the year to February 2009 sales totaled $71.288 billion, more than $20 billion down from the peak of two years earlier due to the sale of HD Supply and falling revenue at the retained business.
