Home Depot has long been considered an industry leader and recently increased their revenue while remaining cost-conscious. They’ve managed to do both.
This company operates warehouse-style stores offering an assortment of building materials, home improvement products, lawn and garden supplies and decor items for both DIYers and professional contractors alike.
Home Improvement Retail Stores
Home improvement retail stores sell products designed to assist consumers in their home remodeling projects, including appliances, tools, hardware, building materials and lawn and garden items. One of the largest home improvement and hardware retailers in the US is Home Depot; their stores feature an inviting atmosphere where advice can be readily offered; competitors include Lowe’s 84 Lumber and Menards as competitors for the top spot.
Companies operating within this industry procure goods from global manufacturers and wholesalers before offering them for sale to three categories of buyers: do-it-yourselfers, do-it-for-meers and professional customers. Their stores feature warehouse-style spaces offering an assortment of floor coverings, wall coverings, kitchen and bath fixtures, lumber supplies, plumbing supplies and paint for purchase – not forgetting facilities maintenance/repair products through subsidiary Maintenance Warehouse, custom window treatments delivered via National Blind & Wallpaper Factory mail orders as well as online ordering/pickup options for Pro customers!
Appliance Retail Stores
Home Depot is the leading specialty home improvement retailer and offers a vast array of products for home improvement projects. Their selection includes building materials, tools, hardware, garden & lawn equipment, kitchen & bathroom appliances as well as storage solutions – as well as home delivery/installation services.
Home Depot stands out from other large-box stores by its down-home feel and staff’s dedication to offering helpful advice and superior service, making it popular with do-it-yourselfers, contractors and business customers.
Home Depot is a Fortune 100 company with 2,300 stores located throughout the United States, Canada, Mexico, Puerto Rico and Guam. Led by Craig Menear since Bernie Marcus and Frank Blake departed as CEO and chairman respectively in 2006 and 2007, respectively; its core values – placing customer satisfaction first while treating employees fairly and maintaining its commitment to social responsibility have not changed over time.
Building Materials Retail Stores
The company operates large warehouse-style stores throughout North America. These stores sell building materials, home improvement supplies, lawn and garden products and decor items – plus offer various services including installation of home improvements or equipment rentals.
Home Depot transformed the home improvement industry, replacing mom-and-pop hardware stores that focused mainly on selling to professional contractors with their vast selection of merchandise and limited offerings.
Home Depot employees are trained to approach retail buyers who walk into stores as retail customers and ask about any project that prompted their visit, to put themselves on equal ground and offer suggestions from an informed perspective. This approach helps put employees and buyers alike on equal teams and to provide feedback with confidence.
Home Depot sells its products through several direct mail subsidiaries: Maintenance Warehouse and National Blind & Wallpaper Factory as well as its stores in China. In addition, there are a few specialty stores of Home Depot’s in China as well.
Hardware Retail Stores
Home Depot is one of the world’s premier home improvement and warehouse-type hardware stores in the United States, boasting massive stores designed to resemble someone’s personal warehouse and emphasizing customer service over pricing or selection – distinguishing itself from many other retailers who prioritize these aspects over customer care.
Home Depot stands out as an employer by the way it treats its employees. By creating an environment of teamwork and emphasizing internal promotion, they have fostered an environment where dedicated and loyal customer relations have emerged.
Home Depot may find growth potential by expanding internationally. One approach would be acquiring and integrating companies such as Company Store or Menards that have strong presences in specific market segments; this would expand their product offering while simultaneously increasing revenue streams; additional avenues include increasing online sales – currently not part of its core business model.
Deepak Wadhwani has over 20 years experience in software/wireless technologies. He has worked with Fortune 500 companies including Intuit, ESRI, Qualcomm, Sprint, Verizon, Vodafone, Nortel, Microsoft and Oracle in over 60 countries. Deepak has worked on Internet marketing projects in San Diego, Los Angeles, Orange Country, Denver, Nashville, Kansas City, New York, San Francisco and Huntsville. Deepak has been a founder of technology Startups for one of the first Cityguides, yellow pages online and web based enterprise solutions. He is an internet marketing and technology expert & co-founder for a San Diego Internet marketing company.