The Home Depot
Introduction
Retailing building supply stores have become a popular retail industry sector due to increased public awareness and the need of many homeowners for the home improvement products. Back in the 1970s, long before warehouse stores ruled home improvement land, do-it-yourselfers shopped at “home centers.” These 30,000 square foot stores offered cheaper prices and wider selection of products, about 25,000 more than local hardware stores and eliminated the extra trip to the lumberyard. The dependence of many of these retailers upon the homebuilding industry for much of their business has also been reduced and the warehouse superstores, such as Home Depot, have become more important. The smaller companies in the retail building supply industry are facing economic difficulties as the industry leaders continue to dominate and warehouse super centers are becoming more evident.
Company Overview
Founded in 1978, The Home Depot is the world largest home improvement retailer and the third largest retailer in the United States followed by Lowe’s Companies, Inc. At the end of fiscal year 1999, the company was operating 930 stores, including 854 Home Depot stores, 15 Expo Design Center stores and 2 Villager’s Hardware stores in the United States; 53 Homes Depot in Canada; 4 Home Depot stores in Chile; and 2 Home Depot stores in Puerto Rico. In addition, they operated wholly owned subsidiaries Apex Supply Company, Georgia Lighting, Maintenance Warehouse and National Blinds and Wallpaper. They approximately employed 201,000 associates at the end of the year. The company has been publicly held since 1981. In 1978 when Bernard Marcus and Arthur Blank, executives with Handy Dan Home Improvement Centers, found themselves out of work after a corporate takeover at Handy Dan. Joined by Ronald Brill another Handy Dan employee; and Pat Farrah, former owner of Homeco, the world’s first home improvement warehouse, they mapped out plan for a bigger and better store catering to the needs of do-it-yourselfers.
These Warehouse type stores, each averaging about 130,000 square feet, stock 40,000 to 50,000 home improvement products and are aimed mainly at the do-it-yourself trade. The stores however also attract many professional-building contractors. Products include lumber, floor and wall covering, hardware, paint, plumbing supplies, and tools. Home...
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Lowe’s Companies, Inc. Declares Cash Dividend, PR Newswire, June 12, 2000
In an Expansion Mode, Lowe’s Sharpens its Customer Focus, The Weekly Newspaper for the Home Furnishing Network, June 5, 2000 p19
Lowe’s Companies Inc., The wall Street Journal, June 1, 2000
Lowe’s Outlines Focus on Customers at Annual Meeting, Pr Newswire, May 26, 2000
Lowe’s Eyes Markets for Growth, Corporate Financing Week, April 17, 2000, p3
Retailing building supply industry, The value Line Investment Survey, April 14,2000, p881
Lowe’s Annual Report, Fiscal Year 1999, Available at: http://www.Lowes.com/
Home Depot Annual Report, Fiscal Year 1999, Available at: http://homedepot.com/
Customer Service that is above and beyond, Philadelphia Business Journal, April 7, 2000 p42
We’re No.1 The Market Loves Top Dogs. Should you?, Fortune, March 6,2000 p446
The Home Depot reports 29% Increase in First Quarter Net Earning; Comparable Store Sales up 7%, PR Newswire, May 16, 2000
The Home Depot Looks to Floor Industry; Test Store Opens in Dallas this Summer, The weekly Newspaper for the Home Furnishing Network, March 27, 2000 p1
Carving a New Niche, Do It Yourself Retailing, September 1999, p49
Established as the older company of the two, Lowe’s ranks forty-second as a Fortune 500 company. Established in 1946 as a small hardware business, Lowe’s has grown into a 40,000 product, global market enterprise that consist of 1,710 stores nationwide expanding into the countries of Canada, Mexico and Australia (Lowe's Internal, 2010) Home Depot, founded in 1978, is the fastest growing retailer in the United States. Ranked twenty-ninth as a Fortune 500 company, Home Depot continues to remain the number one do-it-yourself retail store in America. These two companies may sell products of the same nature, but comparing their Code of Ethics is their way of setting themselves apart. (Home Depot Internal, 2009)
In the early 2000’s Lowe’s was rapidly intensifying its presence nationwide. The company carried a varied assortment of home improvement products and catered to the needs of retail as well as commercial business customers. Lowe’s expanded their reach by acquiring a 41-store chain, Eagle Hardware and Garden, and engaging in a strategic alliance with HGTV to obtain a more profound existence in their market (Rouse, 2005). By 2004, Lowe’s operated almost 1,000 stores with plans to continue expansion across the nation (Rouse, 2005). The company has a core competency in helping customers meet their home improvement needs at a low price. In order to use this core competency to gain a competitive advantage, the company has focused on key functional strategies. To continue their success, Lowe’s must specifically focus on marketing, logistics, and human resource management strategies.
Mike took over the lease of a building and wanted to transform it into a fully functional department store that offered a variety of products.
Home Depot is built on the principle of creating value for our stockholders while never forgetting our values. We seek to be profitable, responsible, and balance the needs of our communities. Throughout our company, our associates are challenged with finding ways in which we can provide the best products for our customers, provide the best possible work environment for our associates, have a positive impact on the communities in which we operate, and provide excellent returns for our stockholders. Working in a Store Support Center, rather than a corporate headquarters, their leadership team knows that the most important people in the fabric of the company are the store associates and store leadership teams. Frank Blake was appointed as the Chief Executive Officer of Home Depot in January 2007 (Sellers, P.).
A concussion is a temporary loss of normal brain function, and can be described in three different ways: mild, moderate, or severe (Schafer). The worse one’s concussion is, the more dangerous the effects of it are. People usually get a concussion when they are playing high intensity sports. There are other things that could cause a concussion. One might have been in a motor vehicle accident, or they could have done something as simple as falling and hitting their head. Every time a person receives a blow to the head they damage their brain. It is hard to tell how much damage one has done to their brain, because doctors cannot see it from the outside of their brain (Haas).
Concussions occur time after time throughout different sporting events and many are familiar with the word concussion, but what really is a concussion? A concussion is a head injury that can leave damaging effects on athletes of all sports and ages. Concussions are regularly caused by a hard hit to the head or body that causes the brain to shake inside of the skull. While there is fluid within the skull to protect the brain, when an athlete is hit hard enough, the brain moves to the point of hitting the skull, causing a head injury otherwise known as a concussion (“Concussions”). Terry Adirim, a medical doctor who writes articles for Clinical Pediatrician Emergency Magazine, says that an individual may have many different symptoms after receiving a concussion. Symptoms can include headache, nausea, dizziness, loss of consciousness, and vomiting, but each of these symptoms do not necessarily happen with every concussion. While many athletes are fine after receiving one concussion, it is the second concussion that can be very unfavorable and even deadly. When an athlete receives a second concussion before the first concussion has fully healed, it ...
Sports are entertaining to watch and play. The athletes are having the time of their lives playing the sport they enjoy. However, playing sports come with a disadvantage. Concussions are apart of the list of disadvantages. Concussions are a result of a traumatic brain injury. Symptoms of concussions can be headache, dizziness, and even lack of consciousness. Some collisions can cause permanent damage, sometimes even death. Unfortunately, there are many sports where concussions are very common. High school athletes are more susceptable to concussions, although they occur at any age and in any sport. Agencies should enforce rules to prevent the amount of concussions occuring as a result of high contact sports and provide adequate funds for adequate safety equipment.
Football is one of the most popular sports in the world. It is played in a lot of different ways, fashions, and other countries. It can be a very brutal sport with players hitting at the intent to hurt one another. With these intents come great consequences. In recent years the head injuries involved with this brutal game play have been getting uncomfortably high. Many rules have had to be enforced for player safety, because of the increase of head injuries resulting in tragic effects on players both old and new. One of the injuries that have had the most devastating effects is the concussion.
Home Depot is the brainchild of Bernard Marcus and Arthur Blank and came about after both men lost their job in the home improvement industry in 1978 (Parnell, 2014). Home Depot has acquired several smaller home improvement stores in both the U.S. and abroad through the years which enabled it to position itself as the world’s largest home improvement chain (Parnell, 2014). Home Depot focuses on the do-it-yourself segment of the market and sells sells tools, construction products and services. Marketing is a strong point for the company. They are able to maintain a competitive advantage by keeping themselves available to their customers at all times. Home Depot has been using both online and offline marketing efforts. The internet has become a very useful tool for the company and part of the reason that they are leading the market in DIY stores. Home Depot currently provides DIY videos on YouTube and Vine that cover current topics that consumers are likely to be interested in. They also have social media pages on Facebook and Twitter, where they have a huge following. They provide online communities where actual employees answer consumer’s questions and provide assistance on
Through sports or through everyday life, concussions tend to happen. An estimated 300 000 sport-related traumatic brain injuries, predominantly concussions, occur annually in the United States. Sports are second only to motor vehicle crashes as the leading cause of traumatic brain injury among people aged 15 to 24 years. (U.S National Library of Medicine). Coaches and parents often do not go through the right procedures or protocols when dealing with a teenager who has received a blow to the head. The usual questions that are asked when there is a head injury are, “what day is it, what’s the score, and how many fingers am I holding up?” Now these are not poor questions, but these questions alone cannot determine if a person has suffered a concussion. The correct method, which they are now implementing in most professional sports leagues, is for anyone with a head injury to take a legitimate concussion test performed by the team doctor. (WebbMD) At present the symptoms can be hit or miss. After receiving a concussion, research shows that an “estimated 80 to 90% of concussions heal spontaneously in the first 7 to 10 days”. (Barton Straus) But, it is important to remember not to return until all symptoms are
The majority of teens who had encounter a concussion are due to sports. A concussion is a pathophysiological process that impacts the brain, typically caused by a trauma to the brain. Concussions are mainly caused by bumps, falls which makes the head move rapidly back and forth, or by a jolt. The brain is a 3 pound organ floating inside the skull. It’s surrounded by a cerebrospinal fluid, which shocks when its impacted. When the brains starts to move rapidly inside the skull, a concussion has taken place. One common cause is a direct hit to the head. The force makes the brain hit the inside of the skull. When the brain starts to slow down, it hits the other side of the inner skull. The other common scenario is a rotational concussion. This happens when the brain rotates from one side to another. As a result, the brain tissues are strained and sheared. In both cases, fragile neural pathways can be damaged, creating neurological disruption. Scientists suggest if an athlete has already experienced a concussion before, they’re 1-2 times more likely to have a second; 2-4 to have a third; and 3-9 to have a fourth. Surprisingly, research has shown females are more likely to have a concussion, and experience more symptoms compared to males. In addition, women take longer to recover than men. Concussions have shortterm and longterm consequences, or in some cases death.
A concussion is a type of traumatic brain injury, or TBI, caused by a bump, blow, or jolt to the head that can change the way your brain normally works (Concussions in Sports). It causes the brain to slam against the inner wall of the skull. Bleeding or tearing of the nerve fibers causes symptoms such as headaches, dizziness, confusion, loss of consciousness and amnesia (Unit). Concussions can also occur from a blow to the body that causes the head to move rapidly back and forth. Even a “ding,” “getting your bell rung,” or what seems to be mild bump or blow to the head can be serious (Concussion in Sports).
Concussions today are among the most severe injuries in sports, especially in the game of football. Concussions can almost happen at any place or at anytime just depending on the situation you are in. 5-10 % of all athletes will experience a concussion during their time of play in whatever sport they are participating in. ‘’A typical high school football player receives about 650 hits to the head per season, according to researchers at Purdue University and the University of Michigan. The impacts of those hits are the equivalent of what a seat-belted passenger experiences in car accidents ranging from 15-to-35 mph, according to University of Nebraska professor Timothy Gay, author of “The Physics of Football.”Needless to say, that is a lot of contact that most likely could leave the athlete vulnerable to brain injury’’(Baumbatch) Football is the leading sport in concussions, therefore players should be especially aware of the dangers of concussions. The re...
The Article, "Renovating Home Depot," describes how, since the arrival of the new Chief Executive, Robert Nardelli, the business strategy has shifted to a more militaristic style. In the beginning, Home Depot was a "decentralized, entrepreneurial" business, and now is switching to a different management style. Nardelli loves to hire ex-soldiers, and is perhaps using the armed services as a role model for the new business structure. Under Nardelli's leadership, Home Depot is becoming more centralized and the good financial reports following this are signs that it a good strategy (Grow 50).
In 1945, Sam Walton opened his first variety store and in 1962, he opened his first Wal-Mart Discount City in Rogers, Arkansas. Now, Wal-Mart is expected to exceed “$200 billion a year in sales by 2002 (with current figures of) more than 100 million shoppers a week…(and as of 1999) it became the first (private-sector) company in the world to have more than one million employees.” Why? One reason is that Wal-Mart has continued “to lead the way in adopting cutting-edge technology to track how people shop, and to buy and deliver goods more efficiently and cheaply than any other rival.” Many examples exist throughout Wal-Mart’s history including its use of networks, satellite communication, UPC/barcode adoption and more. Much of the technology that was utilized helped Sam Walton more efficiently track what he originally noted on yellow legal pads. From the very beginning, he wanted to know what the customers purchased, what inventory was selling and what stock was not selling. Wal-Mart now “tracks on an almost instantaneous basis the ordering, shipment, and delivery of literally every item it sells, and that it requires its suppliers to hook into the system, enabling it to track most goods every step of the way from the time they’re made and packaged in the factories to when they’re carried out store doors by shoppers.” “Wal-Mart operates the world’s most powerful corporate computing system, with a capacity (as of late 1999) of more than 100 terabytes of data (A terabyte is 1,000 gigabytes, or roughly the equivalent of 250 million pages of text.).