Home
Depot
World's largest home-improvement
retailer.
Headquarters:
2455 Paces Ferry Road N.W.
Atlanta, GA 30339
Employees: 350,000
CEO: Frank Blake
Stock Symbol: HD
Website:
http://www.homedepot.com
Career
Site
Home Depot is the world's largest home-improvement
retailer and second largest retailer in the U.S. Its bright orange
stores are the epitome of "big-box stores" open in
suburbs across the U.S.
The stores stock up to 40,000 different
kinds of building materials and lawn and garden products. Services
include free in-store clinics for honing home improvement skills
as well as design and decorating consultation, truck and tool
rental, and home delivery.
Home Depot stores cater to both do-it-yourselfers
and professional customers who serve the home improvement construction
and building maintenance market segments.
At the beginning of the year, the company
operated 2,234 stores, which included 1,950 The Home Depot stores
in the United States (including the Commonwealth of Puerto Rico,
the territory of the U.S. Virgin Islands and the territory of
Guam), 165 stores in Canada, 66 stores in Mexico, 12 stores in
China, as well as 2 THD Design Centers, 5 Yardbirds stores and
34 EXPO Design Center locations.
The company sold its wholesale business
HD Supply for $8.8 billion to a group of private equity firms
on August 2007.
In fiscal 2007, Home Depot reported sales
of $77.3 billion and net earnings of $4.39 billion. Retail sales
dropped 2% for the year. The company has reported sales declines
due to the weak overall housing market.
The company reported 1.33 billion transactions
for the year with an average ticket of $57.48.
In 2008, Home Depot plans 55 new store
openings with 5 store relocations.
History
Bernie Marcus and Arthur Blank, forever
changed the home improvement industry when they opened the first
The Home Depot stores in Atlanta, Georgia on June 22, 1979. The
original partnership was called "MB Associates."
The original stores stocked around 25,000
products and were attached to Treasure Island stores. Today,
on average, The Home Depot offers 40,000 products and is approximately
106,000 square feet.
The company went public on Nasdaq in 1981
and moves to NYSE in 1984. Home Depot would pass the $1 billion
mark in sales in 1986.
Benefits
Home Depot offers benefits for both full-time
and part-time workers as follows:
Full-Time Hourly and Salaried Associates
- Medical
- Health Savings Account
- Spending Accounts
- Dental
- Vision
- Disability Insurance
- Life Insurance
- Accidental Death and Dismemberment (AD&D) Insurance
Part-Time Associates
- Medical
- Dental
- Vision
- Short-Term Disability Insurance
- Life Insurance
Financial Benefits
- FutureBuilder 401(k)
- Employee Stock Purchase Plan (ESPP)
- Direct Deposit and Credit Union
Time-Off Benefits
- Vacation
- Holidays
- Personal/Sick Days
- Leave of Absence (including Military Leave)
- Jury Duty
- Bereavement Days
Work/Life Benefits
- Building Better Health
- Tuition Reimbursement
- Relocation Assistance
- Team Depot Volunteer Events
- Matching Gift Program
- CARE-Solutions for Life
- Adoption Assistance
- METDesk-special needs dependents assistance
- Delivering the Promise-beneficiary assistance program
Group Benefits
- Legal Services Plan
- Long-term care insurance
- Auto/homeowners insurance
- Veterinary pet insurance
There is no employee discount on store
merchandise to workers but occasional coupons and discounts are
offered.
Updated February 27, 2008
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