{"id":4260,"date":"2014-09-24T12:21:04","date_gmt":"2014-09-24T12:21:04","guid":{"rendered":"http:\/\/newsroom.chainstoreguide.com\/?p=4260"},"modified":"2014-09-24T12:21:04","modified_gmt":"2014-09-24T12:21:04","slug":"home-depot-the-end-of-an-era","status":"publish","type":"post","link":"https:\/\/www.chainstoreguide.com\/offthechain\/2014\/09\/home-depot-the-end-of-an-era\/","title":{"rendered":"Company Snapshot: Home Depot The End of an Era?"},"content":{"rendered":"

The Home Depot Inc.<\/strong><\/p>\n

Address:<\/strong>
\n<\/strong>2455 Paces Ferry Rd NW
\nAtlanta, GA 30339-1834<\/p>\n

Phone:<\/strong>
\n<\/strong>770-433-8211 <\/strong><\/p>\n

Website:<\/strong>
\n<\/strong>www.HomeDepot.com<\/a> <\/strong><\/p>\n

Year Founded:<\/strong>
\n<\/strong>1978<\/p>\n

Total stores:<\/strong>
\n<\/strong>2,264<\/p>\n

Total Sales:<\/strong>
\n<\/strong>$78,812,000,000<\/p>\n

Senior Executives:<\/strong>
\n<\/strong>Francis S. Blake- Chairman, CEO
\nCraig A. Minear- President U.S. Retail<\/p>\n

\u00a0<\/strong><\/p>\n

Prior to the company\u2019s official debut, its founders carefully plotted a distinct course for a new type of home improvement retailer.\u00a0 The founders built the new platform with the intent to eclipse and vastly expand upon the then state of the art home center prototype.\u00a0 Thus the giant home center warehouse was created.<\/p>\n

This model was created not only to offer do-it-yourselfers a greater depth and breadth of offerings with which to implement and complete projects.\u00a0 The founders correctly envisioned a retail entity which could prove to be a destination, one so dominant that manufacturers would grant the retailer unprecedented financial and logistical concessions just to be sure they are included in the retailer\u2019s merchandising.\u00a0 The model succeeded to the point that after just a few years, The Home Depot was the industry\u2019s number one retailer and has remained so ever since.<\/p>\n

The company\u2019s founders, famously headed by Arthur Blank and Bernie Marcus, became the retailer\u2019s first generation of management.\u00a0 In the year 2000, as the founders decided that it was time to go on to new adventures, they determined it was best to look outside the company for the next CEO.<\/p>\n

This became Robert Nardelli who decided to expand the company to serve many new roles, while cutting costs to meet Wall Street\u2019s bottom line expectations.\u00a0 In 2007, he was ushered out by stockholders, though with a controversial golden parachute.\u00a0 Long-term company loyalist Frank Blake became CEO and turned the company around.<\/p>\n

Now Mr. Blake has announced his decision to leave his CEO position, while remaining onboard as Chairman.\u00a0 He will oversee operations as the current President of U.S. Retail, Craig Minear, rises to the CEO position in November.\u00a0 As with Mr. Blake\u2019s numerous dealings to right the company\u2019s ship from the start the recession, and his competence in straightening out the recent data breach, this transition and its aftermath should be smooth sailing.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Home Depot Inc. Address: 2455 Paces Ferry Rd NW Atlanta, GA 30339-1834 Phone: 770-433-8211 Website: www.HomeDepot.com Year Founded: 1978 Total stores: 2,264 Total Sales: $78,812,000,000 Senior Executives: Francis S. Blake- Chairman, CEO Craig A. Minear- President U.S. Retail \u00a0 Prior to the company\u2019s official debut, its founders carefully plotted a distinct course for a… Continue reading Company Snapshot: Home Depot The End of an Era?<\/span><\/a><\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"post-template-no-sidebar.php","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[10],"tags":[15],"class_list":["post-4260","post","type-post","status-publish","format-standard","hentry","category-home-hardware","tag-snapshot","entry"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/posts\/4260","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/comments?post=4260"}],"version-history":[{"count":0,"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/posts\/4260\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/media?parent=4260"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/categories?post=4260"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/tags?post=4260"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}