The Home Depot
The Home Depot was founded in 1978 by Bernie Marcus, Arthur Blank, Ron Brill, and Pat Farrah. The Home Depot’s proposition was to build home-improvement warehouses, largerthan any of their competitors’ facilities. Investment banker Ken Langone helped Marcus and Blank to secure the necessary capital.
“ | “Bernie and I founded The Home Depot with a special vision – tocreate a company that would keep alive the values that were important to us. Values like respect among all people, excellent customer service and giving back to communities and society.” | ” |—Arthur Blank |
In 1979, the first two stores, built in spaces leased from J. C. Penney that were originally Treasure Island “hypermarket” (discount department and grocery) stores, opened in metro Atlanta onJune 21. Two more opened not long after, and all four shared the space under the “squiggly” zig-zag roof with Zayre on its right side. The first headquarters was on Terrell Mill Road on the southeastside ofMarietta, Georgia, just down from one of the stores at the corner of Cobb Parkway. the Marietta Plaza strip mall, became Value City, changing to Burlington Coat Factory in 2008; part was alsoa short-lived Little Bucks, in which Brill had a stake.)
Since the 1990s, its headquarters have been a complex of high-rise buildings on Paces Ferry Road, on the western edge ofthe Cumberland/Galleria edge city in unincorporated Cobb County, Georgia, across Interstate 285 from the town of Vinings, and served by mail from Atlanta. The tallest building is approximately 85 metres (279 ft) high, thefourth-tallest in the Vinings area.
In 2000, after the retirement of Marcus and Blank, Robert Nardelli was appointed chairman, president, and CEO.
Nardelli resigned as Chairman CEO on January 3,2007, amid controversy over his salary, the company’s stagnating stock price, and poor customer service. He was succeeded by executive vice president and vice chairman Frank Blake. Although a...
Leer documento completo
Regístrate para leer el documento completo.