Home Depot

On April 23, 1998, Arthur M. Blank, President and Chief Executive Officer (CEO) was presiding everywhere a strategic planning session of raw(a) strategies for each(prenominal) of Home endpoints six regional divisions for the professional contractor foodstuff. Home Depots management estimated this market to be $215 gazillion in 1997. Home Depot has been concentrating on the Do-It-Yourself/Buy-It-Yourself market domain, which Home Depot management estimated to be $100 million in 1997. Home Depot sales were $24.1 billion in 1997. The combined sales for Do-It-Yourself/Buy-It-Yourself sector and the professional sector were projected to be $365 billion. The heavy industry sector was do by as a separate market sector. Presently, Home Depot has less than 4 percent of the $215 billion professional sector. In early April 1998, the familiaritys management announced a recent neckcloth format. In 1998, the company was to build four new stores with about 25 percent (25,000 square feet) of the existing store size. These stores would be like the local hardware stores or iodine Hardware stores. Founded in Atlanta, Georgia, in 1978, Home Depot was the existences largest home-improvement retailer and ranked among the ten largest retailers in the U.S.

At the virtually of fiscal year 1997, the company was operating 624 full-service, warehouse-styled stores?555 stores in 44 states and 5 EXPO Design Center stores in the join STATES, plus 32 in 4 Canadian provinces. The fair(a) Home Depot store had approximately 106,300 square feet of indoor(a) selling space and an additional 16,000?28,000 square feet of outside tend center, including houseplant enclosures. The stores stocked approximately 40,000?50,000 different kinds of building materials, home-improvement products, and lawn and garden supplies. In addition, Home Depot stores offered installation services for many products. The company employed approximately 125,000 associates, of whom approximately 7,900 were salaried and the remainder paying on an hourly... If you want to get a full essay, prescribe it on our website: Orderessay

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