Home Depot Inc. Case Analysis

national Depot was founded in 1978 in Atlanta, Georgia. The company went general in 1981. Their stocks were first traded in OTC (Over-The Counter) and were subsequently listed on the raw York Stock Exchange in 1984. The Chain stores were warehouses that had great amounts of edifice materials and billet approach products targeting customers that were individual home owners and polished contractors. Their let was to bring the warehouse retailing concept to the home warmness effort. This was considered to be the first successful company in do-it-yourself (DIY) atom and was famous for providing high quality products with deplorable prices. Beside providing best quality products, the company?s distinctive trait was that they provided knowing customer services. All sales personnel were call for to touch product knowledge training classes. The home improvement industry in which Home Depot is spokesperson of was a large, promptly growing and competitive industry during the 1980?s. With two profits earners in each household, families were willing to sp end up more coin on home improvement projects and they rather do it themselves. whence the DIY segment grew speedily. This growing industry attracted many rivalrys who had a pipe dream of gaining a quick and easy profit.

The success of the first leash stores in 1979 encouraged the company to expand its business rapidly and chance upon the 50th store opening by the end of fiscal 1985. Due to this rapid refinement, the sales grew from $7 one thousand thousand in 1979 to $700 million in 1985. A remarkable part of this expansion plan in 1985 was to acquire nine stores from! a competitor store chain which was in financial difficulty, Bowater Home Centers. However, objet dart gaining market shares in the industry, the company?s net earning declined. Furthermore, in 1985, the industry and retailing in general faced a difficult period in which the strongest... If you want to get a full essay, order it on our website: OrderCustomPaper.com

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