The Home Depot corporate headquarters in Cobb County of Atlanta, Georgia.
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Public | |
Traded as | |
Industry | Retailing |
Founded | 1978 Marietta, Georgia, U.S. |
Founders | |
Headquarters | Atlanta Store Support Center Atlanta, Georgia, U.S. |
Number of locations
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2,274 (February 2016) |
Areas served
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United States, Canada, and Mexico |
Key people
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Craig Menear (Chairman, CEO) |
Products | Home appliances, tools, hardware, lumber, building materials, paint, plumbing, flooring, garden supplies, and plants |
Revenue | US$88.51 billion (2016) |
US$11.77 billion (2016) | |
US$7.009 billion (2016) | |
Total assets | US$41.97 billion (2016) |
Total equity | US$6.316 billion (2016) |
Number of employees
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385,000 (2016) |
Subsidiaries | Interline Brands |
Website | www |
The Home Depot, Inc. is an American home improvement supplies retailing company that sells tools, construction products, and services. The company is headquartered at the Atlanta Store Support Center in Cobb County of Atlanta, Georgia.
It operates many big-box format stores across the United States (including all 50 states, the District of Columbia, Puerto Rico, the Virgin Islands, and Guam), all 10 provinces of Canada, and the country of Mexico. The MRO company Interline Brands is also owned by The Home Depot with 70 distribution centers across the United States.
The Home Depot is the largest home improvement retailer in the United States, ahead of rival Lowe's.
The Home Depot was founded by Bernard Marcus, Arthur Blank, Ron Brill, and Pat Farrah in 1978. The Home Depot's proposition was to build home-improvement superstores, larger than any of their competitors' facilities. Investment banker Ken Langone helped Marcus and Blank to secure the necessary capital.
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 (in Doraville and on Memorial Drive in Decatur, both near I-285) on June 21. On September 22, 1981 The Home Depot went public on the NASDAQ and raised $4.093 million. The Home Depot joined the on April 19, 1984.