The Home Depot’s two main customers are at home “do-it-yourselfers” and contractors. The main products and services offered help solve the wants and needs of customers involved with home construction and maintenance, renovation and remodeling.…
Bernie Marcus and Arthur Blank founded the Home Depot in 1978. Along with investment banker Ken Langone and merchandising expert Pat Farrah, the founder’s vision of one-stop shopping for the do-it-yourselfer became a reality when they opened the first two Home Depot stores on June 22, 1979, in Atlanta, Georgia. The first stores, at around 60,000 square feet each, were enormous warehouses that dwarfed the competition and stocked 25,000 SKUs, much more than the average hardware store at that time. Empty boxes piled high on the shelves gave the illusion of even more product and in only one year they opened a 4th store in Atlanta and the company had annual sales…
The Home Depot grew to encompass stores in Georgia, Florida, Louisiana, Texas and Alabama, within the first five years. The company has expanded beyond the orange box to include EXPO Design Center and The Home Depot Supply. The growth continues to this day, with more than 2,005 stores throughout the United States, Canada and Mexico. A new store opens on average every 48 hours.…
Home Depot is the world’s largest home retailer. The fourth largest retailer in the U.S. and the fifth largest retailer in the world.…
The company Sears belongs to the parent company, Sears Holdings Corporation who is also the parent company of Kmart Holding Corporation and Roebuck and Co. The company was founded in 1886, making it one of the oldest retail companies to exist. The locations Sears operates are in the United States as well as parts of Canada and Mexico. As stated in the 10-K form by sec.gov: “Full-line Stores—894 broad line stores, of which 842 are full-line stores located across all 50 states and Puerto Rico. These stores are primarily mall-based locations averaging 133,000 square feet”.…
The company’s website displays a blue colored-theme to differentiate from its customers. It focuses on DIY projects by teaching customers to do installation by themselves through instructional videos. It also has DIY project ideas that customers can try themselves. Moreover, Lowe's team can also take care of the installation and help with financing. In addition, Lowe’s has a kitchen planning checklist for customers to go through to help them build their home kitchen. Customers can choose their options from lighting, tiles, cabinets, etc. Lowe’s website has several helpful features from flooring calculator, to predict how many tiles and how much money needed to finish a project; and “Lowes for Pros”. This is a tool to help businesses buy Lowe’s…
The company that we know today as Target was founded under the name of Dayton Dry Goods Company in Minneapolis, Minn., in the year 1902 by Mr. George Dayton. Mr. Dayton stay active in the store management until his death in 1938, when his son and grandson took over of the Dayton Dry Goods Company…
The Home Depot is the fastest growing retailer in U.S. history. In 1981, the company went…
There are many different exclusive brands that Home Depot carries such as Ryobi, Workforce, Thomasville cabinetry, Ralph Lauren paint, Hampton Bay lighting and ceiling fans, and Glacier Bay faucets. These are just to name a few but these brands are very popular within the home rebuilding industry and are in stock throughout the thousands of Home Depots around the world. There are many services that Home Depot offers to its customers, employees as well as the community. First of all Home Depot has many knowledgeable employees willing to work with customers to show them how to do a certain project. Home Depot also has demo areas around the store in which customers can try out products they are planning on purchasing. For example if a customer is interested in a certain brand of floor buffers or polishers, Home Depot can help them with their decisions. If the customer has no experience operating a floor buffer, they can learn and operate one right there in the store instead of damaging a newly purchased one at home. Customers really appreciate this and feel that Home Depot truly cares about helping them. By allowing employees and customers to create these friendships and relationships, it keeps customers coming back, and makes employees feel appreciated. Home Depot is a great supporter of the community and is continually trying to help the community with various sponsorships. Recently, as of 1991 Home…
The company is the second largest retailer in the United States following Wal-Mart, and has approximately 300,000 employees as of the last quarter in 2008 (The Home Depot, Inc., 2009). The company supplies almost 45,000 items which are not limited to but include: lumber, floor and wall coverings, tools, paint, appliances, fixtures and almost every necessary item for home improvement. The company marketed itself to the large do-it-yourself consumer group and created the slogan, "You can do it. We can help."Although The Home Depot dominates the home improvement market it is far from a monopoly, it is however structured as an oligopolistic firm. As an oligopoly market structure, The Home Depot has very few sellers with similar or identical products, but has numerous amounts of buyers. With competitors such as, Tru Value, Orchard Supply Hardware (OSH), Ace Hardware, and its largest competitor, Lowe 's, The Home Depot must take into account the actions of its…
prices water bottles at $1.50 while The Rogers Cafe prices them at $2.00 some of the products of the DECA store are similar, but not equal to, those of The Rogers Cafe. The One Stop DECA Shoppe sells Ice Sparkling Water while the Cafe sells Izzie Ice Water. This is where the DECA Store saw an opportunity to increase pricing to ensure that our business continues to excel. The One Stop DECA Shoppe is also open after school every day, unlike The Rogers Cafe. Ten percent of the DECA store’s daily profit comes from after school sales. Choosing to be open at this time to increase the amount of customers with after school activities. The secondary competition is the school’s vending, as well as, concessions. The vending machines are unable to be used…
Home Depot is currently the fastest growing retailer in the United States. The company went public in 1981 on NASDAQ and three years later moved to the New York Stock Exchange. In 1989 Home Depot celebrated the opening of its 100th store. There are now 2,256 stores located all over the United States, Canada, and Mexico. Home Depot was also present in China, which entered that market in 2006, until September 2012 when it decided to close all of its seven stores because of no profitability (Home Depot, Inc., 2013).…
The Target Corporation is an upscale retail store. Their slogan “Expect More-Pay Less”, lends itself to their belief that they offer high quality and trendy products at a reasonable discount price. Target also has expanded its store into an online store Target.com, the Super Target which offers groceries. The Target store has much strength that makes it stand apart from other super discount retail stores. I looked into these strengths, along with weakness, through research material and surveying their targeted market customers. I wanted to learn just what it was Target has done to market themselves throughout their growth as a company, what it was that has made them so successful throughout the years. Through this knowledge it is able to see just what makes Target so special as well as what they should do to continue this success and to make their customers happy.…
Berkshire Hathaway “is a holding company that owns subsidiaries” like GEICO, Dairy Queen, Berkshire Hathaway Home Services, and Duracell (Berkshire Hathaway Energy SWOT Analysis, 2016). For generations Berkshire Hathaway, has engaged in” transmission, storage, distribution and supply of energy operating in the US, the UK and Canada” (Berkshire Hathaway Energy SWOT Analysis, 2016). Berkshire is incorporated in the State of Delaware, and its Corporate Headquarters is located at 3555 Farnam Street, Omaha Nebraska 68131. In 2016 Berkshire Hathaway was ranked #4 on Fortune 500 and the company is represented on the stock market by the symbols NYSE: BRK.A. The company recorded revenues of $210,821 million during the financial year ended December 2015…
Shoprite could also ensure that the project is sustainable in tough times by asking for support from the government, or charities or even some of its food suppliers.…