Home Depot and its subsidiaries provides excellent customer service for home improvements, lawn products, and building material. The company stocks about $30,000 to $40,000 different types of home improvement supplies and other merchandise. The Consolidated Financial Statement reports the assets, liabilities, expense, and the amount of revenues for the company. In fiscal year 2013, The Home Depot recent quantitative assessment were completed. In tax year 2014, Home Depot completed its’ annual assessment in order to recover the reporting units from the different countries.…
Shown below is the format that your case analysis MUST be in. You should number and label each section and each item in each section.…
Lowes is a home improvement retail corporation with a historical prospective in home improvement. The corporation was found in 1946 by H. Carl Buchan ( Lowes.com, 2012). Initially Lowes was a small hardware store located in a small town of North Carolina, which provided customers with hardware supplies. Their mission from start till today has been customer satisfaction in home improvement products (Lowes.com 2012). Carl Buchan the founder of Lowes took a route…
Home Depot is a worldwide organization that focuses in the home improvement market, as well as provides product development for the construction industries. This strategically operated organization reflects the commitment from federal and provincial legislations in order to “take care of our people.” Home Depot pledges to create a safe work environment, and to treat everyone fairly. Home Depot is committed to customer service, and building strong relationships with costumers, venders, and associates.…
The growing trend of home improvement has perpetuated a larger demand for box store home improvement shops such as Home Depot and Lowe’s. There are several types of companies that contribute to the booming renovation industry. Home Depot and Lowe’s provide all the materials and tools necessary to facilitate home renovations.…
The Home Depot has been the under the leadership of Robert Nardelli since 2000. Since Nardelli has been CEO The Home Depot has delivered superior sales and earnings by improving its core retail stores, extending the business and has expanded into new markets. He is changing store formats, creating more direct to consumer sales, offering installation services, and expanding into the global marketplace. Nardelli's has made the main goal of Home Depot to "improve everything that we touch". His goal by 2010 is to create 400 to 500 new stores.…
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…
Due to economic expansion over the 1990’s, the home improvement industry has experienced a rapid growth. Due to the wealth effect, consumers spent high amount of cash and credit on improving their most prized and expensive possession, their homes. As a result, the home improvement industry experienced rapid expansion and growth. Both stores offer one stop shopping, low price, convenient locations and excellent customer service. They both also have the super store concept, many local competitors and provide customer quality care. However, presentation counts at Lowes. Its warehouse-style stores are laid out so that two shopping carts can pass in comfort, a feature has helped Lowe’s appeal to women shoppers. Lowes target women because more home projects are initiated by females. The chain is attracting more and more non-professional home improvement shoppers. Home Depot has traditionally relied on low prices, lots of selection and sales of building material to professional contractors. Some of the new stores are now in urban areas like Brooklyn, NY and Chicago, IL. Both stores are able to do what’s right for the customers and…
Offering the largest selection of home products, Home Depot can cater to three distinct target audiences, do-it-yourselfers, do-it-for-me consumers and professional customers.…
An industry of competition, and tight margins The Home Depot, and Lowe 's Company are still at it. Both of these companies stand now as the industry standard for the home improvement sector. The numbers that will be presented in this study show proof that both companies have extremely strong financial positions, and a long future in the home improvement industry. Competition is good for the retailer, but even better for the customer. Each company has its strengths and limitations. The decision on which retailer is the better one must be decided by the individual analyzing of each company. The Home Leader -vs- Improving Home Improvements.…
Home depot is the largest center retailer in the U.S and operating 478 warehouse stores. It is located in 19 states around the west coast, southern western, and northeastern region. The company makes sure that all the stores were large enough to stock at least 25,000 different items. Their competitors normally stock up 10,000 items. California and Florida are the two states that have the most home depot outlets and are clustered around urban areas. Home depot incorporated in 1978 and first opened in Atlanta, Georgia. The majority of home depot’s employees work full-time and 10% of home depot’s sale personnel work part-time. Home depot faced some problems such as hiring unskilled workers, low-paid employees and poor services at the operation…
“The Home Depot is in the home improvement business and our goal is to provide the highest level of service, the broadest selection of products and the most competitive prices. We are a values-driven company.” The above sentence is the mission statement of The Home Depot. The mission statement itself reveals what kind of standard The Home Depot is looking for. The Home Depot Incorporation was established on 22nd June, 1978 by Bernie Marcus and Arthur Blank. Home Depot is the world’s biggest home improvement retailer with 2242 retail stores in the United States and other countries across the globe. According to the article in Reuters, The Home Depot Inc. stands on the fourth largest retailer in the United States and fifth in the world. Since…
Decks, patios, bathrooms you name it, there is no job too difficult when Home Depot is there. Home Depot has helped many troubled individuals accomplish impossible tasks that seem like they can never be done. Home Depot has been around since the late 70's and has only gained more popularity as the years have passed. As one of the leading retailers in the United States, Home Depot is highly respected by the business world, customers, and also by thousands of Home Depot employees working around the world. With all of these employees comes enormous responsibility to maintain quality, sales, and productivity as well as employees motivation throughout…
Home Depot has identified four areas of focus in its responsibility toward the community including affordable housing, at-risk youth, the environment and disaster preparedness, response and relief.…
The Home Depot is in the home improvement business and their goal is to provide the highest level of service, the broadest selection of products and the most competitive prices. Home Depot is a values-driven company. The above sentence is the mission statement of The Home Depot. The mission statement itself reveals what kind of standard The Home Depot is looking for.…