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Home Depot

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  • October 2010
  • 263 Words
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Nardelli took over Home Depot in December 2000. Since he did that the company has grown tweleve percent each year to 81.5 billion. Also profits have more than doubled to 5.8 billion. Earnings have risen at least twenty percent a year for the past decade, and the stock has soared. At a recent $69.75, it's up more than three hundred percent in the past two years. If you'd invested $1,000 when Home Depot went public in 1981, your stake would now be worth more than $1.4 million. However, coporate performance is down thirteen percent.

Home Depot is the world’s largest home improvement retailer and the second-largest retailer in the US after Wal-Mart. It has a impressive market share of over 10% in the highly-fragmented market, and is followed by Lowe’s, which posted less than half of Home Depot’s revenues in 2004.They have stores in all 50 states, the District of Columbia, Puerto Rico, U.S. Virgin Islands, 10 Canadian provinces, Mexico and China. The Home Depot is the largest home improvement retailer in the U.S., Canada and Mexico. They entered Canada in 1994 and Mexico in 2001 through a combination of acquisitions and organic growth. They also operate 12 stores in six cities in China as a result of an acquisition made in December 2006. Their global expansion demonstrates how The Home Depot combines its vast knowledge of the home improvement industry with the needs, shopping trends and customs of each unique geography to best serve customers.

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