successfully. Home Depot had an enormous growth of achieving $40 billion in revenue in 20 years. However its sales started to stagnate‚ unable to cope up with the fast growth. Mr Nardelli identified some of the problems‚ key being appropriate structure and systems to support a strategic growth platform. Mr Nardelli believed that a sustainable growth in any business will need discipline‚ rigor in handling pressure from clients and meeting high standards‚ irrespective of the nature of the business – manufacturing
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SWOT analysis Strength: 1. Being the industry leader ‚ it has enough capital and resources to spread its business 2. Improving the core stores by diversifying services‚ new channels and move upstream and to international markets. 3. Developing a wholesale builder supply business and home service business 4. Cutting labor costs by doubling the number of part-time workers Weakness: 1. The large number of part-time workers can decrease the quality of products. Workers won’t work
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Home Depot STRENGTHS - Strong market position - Higher returns than competitors - Balanced brand mix - WEAKNESSES Sub optimal capital structure - Product recall OPPORTUNITIES - International presence - Growing popularity of power tools - Increasing online sales THREATS - Intense competition - Slowdown in US housing market - Rising labor wages in the US |The Home Depot Inc. (HD)
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Nardelli laid out his plan for change was one of the reasons I think it was so successful. He came in and addressed the problems that were easy to point out and also the ones that weren’t apparent to other employees. Nardelli needed to rebuild an organization that could easily compete with other big names‚ and this was relatively easy because the people at Home Depot knew the importance of taking advantage of its growing size. Nardelli did this by implementing a three strategy plan that involved enhancing
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The Home Depot 2008 Annual Report Dear Shareholders: In 2008‚ our retail sales declined by 7.8 percent‚ with comp sales down 8.7 percent. Our adjusted earnings per share from continuing operations declined 22 percent. In ordinary times‚ these would be very disappointing results. But 2008 was not an ordinary year. Despite the difficult economic environment‚ we continued to improve our retail business‚ through investing in our associates and our stores‚ rebuilding our supply chain and
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Home Depot fix or not Lady? Alan E. Paschal MGMT 302A November 27‚ 2013 Laryssa Ziolkowski Home Depot fix or not Lady? Home Depot is a home improvement retailer that is trying to stay with the other rival home improvement stores like Lowes. Home Depot was founded in 1979 in Atlanta‚ Georgia the first home depot was around 60‚000square feet with about 25‚000 sku’s. The biggest problem was they were still using the same technology in 2010 that they had in 1990’s (Home Depot‚ 2012). They need
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Introduction Home Depot is a nationally and somewhat internationally recognized company. They not only have stores throughout the US but they have broken into Canada‚ District of Columbia‚ Puerto Rico and Mexico. They are the United States’ largest retailer behind Wal-Mart. Home Depot is known for its bright orange logo and its multiple departments available to individuals and businesses. They have primary operations in the home center and hardware store industry. Their strongest competition
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Home Depot – 2010 Financial Report For fiscal year ended January 30‚ 2011 ("fiscal 2010")‚ Home Depot reported Net Earnings of $3.3 billion and Diluted Earnings per Share of $2.01 compared to Net Earnings of $2.7 billion and Diluted Earnings per Share of $1.57 for fiscal year ended January 31‚ 2010 ("fiscal 2009"). The results for fiscal 2010 included a $51 million pretax charge related to the extension of our guarantee of a senior secured loan of HD Supply‚ Inc. (the "HD Supply Guarantee Extension")
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HOME DEPOT‚ INC. in the New Millennium Tom Thomson‚ Suzanne Ma‚ Todd Humphrey‚ Owen Clements June 28‚ 2006 Agenda Background/History Current situation Accounting and Finances Growth Initiatives Financial Analysis Forecast HOME DEPOT Inc. Founded In 1978 in Atlanta‚ Georgia Largest Retailer of home improvement products Stores were warehouses and sold large volumes of goods at low prices Offered ‘how-to-clinics’ and knowledgeable customer service representatives Between
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Part 4 Case 1: Retail Development Comes To Hattiesburg‚ Mississippi Hattiesburg-a small town full made up of university students mostly has been losing its customers to nearby large towns and cities such as Mobile‚ New Orleans and Biloxi. However‚ the new mall Turtle Creek Mall is expected to lure back the crowd inside the town. This huge center has many big-box retailers such as Bed‚ Bath and Beyond‚ Old Navy etc. it is expected that the new retail facilities will increase retail square footage
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