“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
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The Home Depot Case Analysis "The Home Depot NYSE: HD‚ headquartered in Vinings‚ Georgia‚ is a home improvement retailer that aims for both the do-it-yourself consumer and the professional in home improvement and construction. It is the second largest retailer in the United States‚ behind Wal-Mart; and the third largest retailer in the world‚ behind Wal-Mart and French company Carrefour. The Home Depot operates about 1‚900 stores across North America. The company operates stores in the United States
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such as Home Depot‚ is a direct relationship between their fixed and variable costs. Apparently‚ Home Depot was taking advantage of their operating leverage in the years prior to 2006 and found this approach to be profitable. In fact‚ it appears they were gambling with the fact of whether the market was in a lull and would recover. Based upon their decline in 2007‚ they had underestimated the market. A major activity of management is to plan and control costs of the firm. Assuming‚ Home Depot
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An Analysis of Home Depot and Lowe’s Learning Team A: FIN324 – Financial Analysis for Managers Table of Contents I. Introduction II. Company Selection – Overview of Home Depot and Lowe’s A. Company’s Product or Service B. When the Companies Started C. Financial Statements and Auditing Companies D. Company Industry and Ranking E. Stock Ticker Symbol III. Ratio Analysis and Statement of Cash Flow A. How The Companies Generate Their Cash Flow B. Significant Internal Events That Affected The Company’s
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Strengths Home Depot has many competitive strengths that make them a very difficult company to compete against. Home Depot’s strengths include: • Business model • Well known brand name • Extensive product offerings • Ability to grow Home Depot’s business model‚ the first of its kind in the home improvement industry has revolutionized the way customers shop for home improvement products. Their business model is simple. Sell home improvement products and services to DIY‚ BIY‚ and professional
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.............................................................................................3 History of Home Depot…………………………………………………………………………....4 Business risks related to capital structure…………………………………………………………5 Financial risk related to capital structure………………………………………………………….5 Home Depots Financial Status………….…………………………………………………............6 Future and Flexibility of Home Depot….…………………………………………………………7 Conclusion………………………………………………………………………………………...8 References…………………………………………………………………………………………9
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INTRODUCTION Home Depot enjoyed high growth of revenues and profits in the period 1978-2003. From 7 mio USD of revenues in 1979 to 64‚8 bn in 2003. Revenue growth was generated mainly due to external growth coming from mergers and acquisitions. Home Depot has four product categories: Building and Remodeling‚ Home Décor and Organizing‚ Outdoor Living and Tool and Hardware. Company went through some structural changes when in 2000 first non funder Bob Nerdelli became the CEO of the company. Nerdelli
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Home Depot is in the business of customer service‚ so I think the leadership style Home Depot is looking for revolves around a participative leadership style. The military is in the business of defending the nation‚ so the leadership style that the military is training for requires
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The Home Depot "You Can Do It. We Can Help." History of The Home Depot As you can see the stock that we charted for this project was the Home Depot’s stock. The Home Depot was founded by two men Bernie Marcus and Arthur Blank. Their original partnership was called MB associates and they officially incorporated on June 29‚ 1978. They did change their company name obviously to The Home Depot. They opened their first store on June 22‚ 1979 in Atlanta Georgia. They have been growing ever since then
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Set up in the late 1970s‚ Home Depot grew rapidly over the 1980s and early 1990s‚ adding stores at the average annual rate of 20 percent. In the late 1990s‚ the company’s comparable store growth rate began declining. It was also experiencing operational difficulties due to its tardiness in developing systems to manage its rapid growth. In this situation‚ the board decided to bring new leadership to the company that can focus on new technologies‚ build efficiencies and reallocate resources while keeping
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