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2024-03-30 03:15:09

The Home Depot

American multinational home improvement retailer
American multinational home improvement retailer
The Home Depot, Inc. is the largest home improvement retailer in the United States, with over 490,600 employees and $151 billion in revenue in 2021. Headquartered in Georgia, it operates stores across the US, Canada, and Mexico.
1978
Founding of The Home Depot
Bernie Marcus and Arthur Blank founded The Home Depot as a one-stop megastore for home improvement products with affordable prices and knowledgeable staff.
1979-06-22
First Two Home Depot Stores Open in Metro Atlanta
On June 22, 1979, the first two Home Depot stores opened in metro Atlanta, specifically in Doraville and Decatur. These stores were built in spaces leased from J. C. Penney and were originally Treasure Island 'hypermarket' stores.
1980
Expansion of Home Depot Stores in Atlanta
In 1980, four more Home Depot stores were opened in the Atlanta area following the success of the first two stores. The performance of the initial stores exceeded expectations, leading to further expansion.
1981-09-22
The Home Depot Goes Public on NASDAQ
On September 22, 1981, The Home Depot went public on the NASDAQ, raising $4.093 million. This move marked a significant milestone in the company's financial history.
1982
Home Depot Expands to Florida
In 1982, Home Depot expanded beyond Atlanta to Florida by adding two more stores. This expansion was made possible by the funds raised after going public.
1984-04-19
Home Depot Joins New York Stock Exchange
On April 19, 1984, Home Depot joined the New York Stock Exchange after earning $100 million in revenue across all its stores. This move signified the company's growth and success.
1984-10-31
The Home Depot Acquires Bowater Home Center
On October 31, 1984, The Home Depot acquired Bowater Home Center from Bowater Inc. for $40 million as part of its strategic expansion plans, particularly in the Dallas market.
1986
Financial Difficulties and Restructuring of The Home Depot
In 1986, The Home Depot faced financial difficulties with earnings falling by 42% and debt rising to $200 million. To address this, the company opened only 10 stores and restructured its debts through a stock offering.
1989
Home Depot becomes largest home improvement retailer in the US
By the end of the 1980s, Home Depot surpassed Lowe's to become the largest home improvement retailer in the United States after restructuring its debts and expanding strategically.
1990
Establishment of The Home Depot
The Home Depot was established in 1990 to provide customers with products, services, and knowledge for creating their dream homes.
1991
Launch of The Home Depot's EXPO Installation Program
In 1991, The Home Depot launched the EXPO installation program for quality home improvement items like windows and carpets, which proved to be successful in redefining its marketplace.
1992
Home Depot allocates $12.5 million towards community initiatives
In 1992, Home Depot dedicated $12.5 million towards community service initiatives, focusing on supporting affordable housing, environmental causes, and at-risk youth. This move reflected the company's commitment to social responsibility.
1993
Initiation of Team Depot program
Since 1993, the 'Team Depot' program by The Home Depot has provided grants to veteran-based organizations and involved workers from local stores in volunteer work to benefit veterans.
1994
Acquisition of Aikenhead's Hardware Chain
In 1994, The Home Depot acquired the Canadian hardware chain Aikenhead's Hardware for $150 million, converting all its stores to The Home Depot stores and expanding its presence in Canada.
1995
Publication of Home Improvement 1-2-3 Book
In 1995, The Home Depot published the 480-page book 'Home Improvement 1-2-3', offering comprehensive guidance on DIY projects and further establishing its authority in the home improvement industry.
1997
Acquisition of Maintenance Warehouse
The Home Depot purchased Maintenance Warehouse, a company specializing in maintenance and repair supplies, for $245 million in 1997.
1998
The Home Depot expands to Chile
In 1998, The Home Depot announced plans to open an outlet in the Chilean capital of Santiago, marking its expansion into new international markets.
1999
Acquisition of Apex Supply
The Home Depot acquired Apex Supply, a wholesale distributor of plumbing, HVAC, and industrial supplies, in 1999.
2000
Robert Nardelli Becomes CEO of The Home Depot
In 2000, former General Electric executive Robert Nardelli became the CEO and president of The Home Depot, bringing his leadership and management expertise to the company.
2001
Acquisition of Your Other Warehouse
The Home Depot acquired Your Other Warehouse, a plumbing distributor focused on special order fulfillment, in 2001.
2002
The Home Depot Expands into Mexico with Del Norte Acquisition
In 2002, The Home Depot made a strategic move by expanding its operations into Mexico through the acquisition of Del Norte.
2004-05-20
Bob Nardelli's Garden Reception/Fundraiser for President George W. Bush
Bob Nardelli, the CEO of The Home Depot at the time, hosted a garden reception/fundraiser for U.S. President George W. Bush at his Atlanta home on May 20, 2004.
2005-07
Whistleblower Lawsuit against The Home Depot
In July 2005, former employee Michael Davis filed a whistleblower lawsuit against The Home Depot, alleging retaliation for refusing to make unwarranted back charges against vendors.
2006-06
Trial Conclusion and Case Reopening
The trial regarding the whistleblower lawsuit against The Home Depot was initially concluded in June 2006, but was later ordered to be reopened in April 2007 due to revelations of false testimony.
2006-12
The Home Depot Acquires The Home Way in China
In December 2006, The Home Depot acquired The Home Way, a Chinese home improvement retailer, establishing its presence in China.
2007
Introduction of Sustainable Label on Products
In 2007, The Home Depot introduced a label on nearly 3,000 products promoting energy conservation, sustainable forestry, and clean water, demonstrating their commitment to sustainability business practices.
2008-03-28
Settlement of Whistleblower Lawsuit
The Home Depot settled the whistleblower lawsuit in a stipulation of settlement dated March 28, 2008, agreeing to pay $6 million in cash and $8.5 million in common stock.
2009
End of United States Olympic Team Sponsorship
In 2009, The Home Depot ended its sponsorship program for the United States Olympic team.
2010
Milestone Achievements of The Home Depot
In 2010, The Home Depot achieved significant milestones in its journey of providing customers with home improvement solutions.
2011-04
Home Depot Closes Beijing Store in China
In April 2011, Home Depot shut its last Beijing store, marking the closure of the fifth Home Depot store in China in the previous two years.
2012-02
Introduction of HDX brand
HDX, a low-cost brand, was introduced in February 2012, replacing the Workforce brand. The quality of products sold under the brand has received negative reviews from Consumer Reports in 2017.
2012-09
Home Depot Settlement for Disability Discrimination
In September 2012, Home Depot agreed to pay $100,000 and provide other relief to settle a disability discrimination lawsuit filed by the U.S. Equal Employment Opportunity Commission. The case involved the alleged failure to accommodate a cashier with cancer at a Maryland store.
2013
The Home Depot's $30 Million Pledge to Military Veteran's Housing Issues
In 2013, The Home Depot committed $30 million over three years to address housing issues faced by military veterans.
2014-11-01
Craig Menear becomes CEO of The Home Depot
In August 2014, Frank Blake announced his resignation as CEO of The Home Depot, with Craig Menear taking over on November 1, 2014. Menear had been with the company since 1997, holding various management positions before becoming CEO.
2015-07-22
Home Depot acquires Interline Brands
On July 22, 2015, Home Depot acquired Interline Brands for $1.6 billion. The integration was completed in August 2016, with Interline Brands becoming part of The Home Depot.
2016-02-01
Ann-Marie Campbell Becomes Head of Home Depot's US Stores Division
In January 2016, Ann-Marie Campbell replaced Marc Powers as the head of Home Depot's US stores division, effective February 1, 2016.
2017-07-06
Compact Power Equipment Inc. acquired by The Home Depot
On July 6, 2017, The Home Depot acquired Compact Power Equipment Inc., a company providing power equipment rental services.
2019-12-05
The Home Depot's New Slogan
On December 5, 2019, The Home Depot announced its new slogan 'How Doers Get More Done', replacing the previous slogan 'More saving. More doing.'
2020-02-25
Home Depot's Strong Fourth Quarter Earnings
On February 25, 2020, Home Depot reported stronger-than-expected fourth quarter earnings, with earnings per share at $2.28 and group sales at $25.8 billion. The company's same-store sales exceeded forecasts for the holiday period.
2020-11-01
Home Depot reports Q3 revenue increase
In the third quarter of 2020, ending on November 1, Home Depot reported a revenue of $33.5 billion, showing a year-on-year increase of 24%.
2020-12-31
Home Depot reports Total CO2e emissions
For the twelve months ending on December 31, 2020, Home Depot reported Total CO2e emissions at 1,821 Kt, showing a decline from the previous year.
2021-04
Boycott of The Home Depot by Black Faith Leaders in Georgia
In April 2021, black faith leaders in Georgia called for a nationwide boycott of The Home Depot due to the company's lack of stance against the Election Integrity Act of 2021.
2022-03-01
Craig Menear steps down as CEO of The Home Depot
In January 2022, Craig Menear announced his resignation as CEO of The Home Depot, effective March 1, 2022. He continued to serve as the chairman of the board, with Ted Decker taking over as CEO.
2023-02
Home Depot announces $1 billion for hourly employee wages
In February 2023, Home Depot revealed plans to invest $1 billion to increase hourly employee wages. This move aimed to enhance employee satisfaction and retention.
2024
Home Depot Product Authority
The Home Depot Product Authority is mentioned in the footer of the website with a copyright date of 2024.
End of the Timeline
The Home Depot

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The Home Depot

American multinational home improvement retailer
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