The Home Depot company history timeline
1980
The following year they opened three Home Depot outlets in the metropolitan Atlanta area, adding a fourth outlet in 1980.
1981
On September 22, 1981, The Home Depot went public on the NASDAQ and raised $4.093 million.
After The Home Depot went public in 1981, Marcus and Blank made a commitment to give back to the communities where their stores were located.
The Home Depot began to branch out of Georgia to Florida in 1981 with stores opening in Hollywood and Fort Lauderdale.
1982
The following year the company added two more stores in Florida and posted 1982 sales of $100 million.
1984
The Home Depot joined the New York Stock Exchange on April 19, 1984.
By 1984, The Home Depot was operating 19 stores with sales of over $256 million.
1985
In 1985 the company's earnings fell 42 percent, and with the ever-increasing costs of opening new outlets--at that time it was more than $8 million per store--the company's long-term debt rose from $4 million to $200 million in just two years.
1986
In 1986 Home Depot's sales reached the $1 billion mark, and the company was operating 50 retail outlets.
To curb The Home Depot difficulties it opened only 10 stores in 1986 with a stock offering 2.99 million shares at $17 per share that helped The Home Depot to restructure its debts.
1989
Sales increased 38 percent over 1989.
In 1989, The Home Depot became the largest home improvement store in the United States, surpassing Lowe's.
1991
Begun in 1991 and located throughout the United States, these stores have captured the upscale interior design market and further expanded the company's sales base.
An installation program for quality home improvement items, such as windows or carpets, was launched in 1991 called the EXPO with success.
1992
In 1992, Home Depot launched its Olympic Job Opportunity Program.
1993
Despite the continued health of the home remodeling market, the company's stock flattened out in 1993, as the firm began to saturate its market.
1994
The Canadian hardware chain Aikenhead's Hardware was acquired by The Home Depot in 1994 for $150 million with a 75% share.
1995
In 1995 Home Depot opened its first 24-hour store and published a book on home repair, the 480-page Home Improvement 1-2-3, compiled with Better Homes and Gardens magazine publisher Meredith Corporation.
By 1995, sales reached $10 billion while operating 350 stores.
1996
sellers, patricia. "can home depot fix its sagging stock?" fortune, 4 march 1996.
While Home Depot examined the possibility of expansion both north and south of the border, by the following year plans to open outlets in Mexico had been put on hold, and the number of planned Canadian openings had been reduced to 25 through 1996.
By 3rd-quarter 1996 Home Depot had reported earnings of $221--up 26 percent from the previous year--and was ranked among the ten largest retailers in the United States.
Despite the losses posted to competitors in the do-it-yourself retail market, Home Depot's 9 percent increase in same-store sales in 1996 showed that, within the $90 billion consumer home improvement market, orange had become the color of choice.
"president's sustainable development award." home depot press release, 1996. available at http://www.homedepot.com.
1997
goldbaum, lisa. "home depot has many fans, but some say growth may be harder to come by." barron's, 27 february 1997. available at http://kelsey.abcompass.com/abc/art/detail/7508.html.
HD Supply profile and corporate video HD Supply was formed in 1997 as the professional services division of Home Depot.
In 1997 Home Depot posted net earnings of $1.2 billion on revenue of $24.2 billion.
In mid-1997 Blank took Marcus' place as Home Depot's chief executive officer while Marcus retained the chairmanship.
"home depot eclipses 500 stores mark." opening of store press release, 1997. available at http://www.homedepot.com.
San Diego maintenance and repair supplies company Maintenance Warehouse was purchased by The Home Depot in 1997 for $245 million.
1998
krass, peter. "home depot's bernie marcus." investors business daily, 5 february 1998.
In late April 1998 Home Depot announced it had reached agreement with Canada's Molson Companies Ltd. to purchase for C$375 million Molson's 25 percent partnership interest in The Home Depot Canada.
That outlet was scheduled to open in the Chilean capital of Santiago in August 1998.
1999
Atlanta-based company Apex Supply was acquired by The Home Depot in 1999.
2000
Although some forecasters continued to shed doubt upon the company's ability to maintain its phenomenal level of growth through the year 2000, company management has remained confident.
In 2000, the e-commerce site was established.
According to Forbes, it is considered one of the Top 2000 Largest Public Companies in the World and one of the World’s Most Valuable Brands.
Former General Electric executive Robert Nardelli became CEO and president of The Home Depot in 2000.
2001
The "EXPO Design Center" division was reorganized in 2001 with three divisions based in the Northeast at South Plainfield, New Jersey, the West at Orange, California, and the Southeast at Atlanta, Georgia.
Your Other Warehouse, a large plumbing distributor with a focus on special order fulfillment, was acquired by The Home Depot in 2001.
2002
The Home Depot entered the Mexican market in 2002 with the acquisition of the home improvement chain Del Norte.
2004
Apex Supply and Maintenance Warehouse were rebranded in 2004 as "The Home Depot Supply."
In 2004, Home Depot employees at a suburban Detroit store in Harper Woods, Michigan, rejected a bid to be represented by a labor union, voting 115 to 42 against joining the United Food and Commercial Workers.
2005
In September 2005, Home Depot Direct launched its online home-furnishings store, 10 Crescent Lane, shortly followed by the launch of "Paces Trading Company," its online lighting store.
2006
In 2006, the Home Depot acquired Hughes Supply the largest home retailer in the United States for $3.2 billion.
2007
The Home Depot Supply rebranded under the new name HD Supply in January 2007.
On January 2, 2007, the Home Depot and Robert Nardelli mutually agreed on Nardelli's resignation as CEO after a six-year tenure.
2009
In the year of February 2009, sales totaled $71.288 billion, more than $20 billion down from the peak of two years earlier due to the sale of HD Supply and falling revenue at the retained business.
2012
In 2012, they proceeded to close the big-box style stores that they had in China, however smaller stores that specialized in custom products and focused on more intimate interactions between customers and associates remain open there.
2013
In 2013, The Home Depot established two large distribution centers in Atlanta and Los Angeles.
2014
In August 2014, it was announced that Frank Blake would step down as CEO and would be replaced by 57-year-old Craig Menear.
2015
On July 22, 2015, Home Depot acquired Interline Brands from P2 Capital Partners, Goldman Sachs' private equity arm, and the management of Interline Brands for $1.6 billion.
2016
Interline Brands became fully integrated with The Home Depot in August 2016 with the Interline Brands website merging with The Home Depot website.
2017
In 2017, Home Depot acquired the online presence of The Company Store from Hanover Direct.
2018
Interline Brands was rebranded as The Home Depot Pro in 2018.
Work At The Home Depot?
Share Your Experience
Founded
1978
Headquarters
Atlanta, GA
Founders
Arthur Blank,Bernard Marcus,Pat Farrah,Ron Brill,Kenneth Langone
Get updates for jobs and news
Rate how well The Home Depot lives up to its initial vision.
The Home Depot jobs
Do you work at The Home Depot?
Does The Home Depot communicate its history to new hires?
The Home Depot competitors
Company Name | Founded Date | Revenue | Employee Size | Job Openings |
---|---|---|---|---|
Sears Holdings | 2005 | $1.4B | 85,000 | 302 |
Nordstrom | 1901 | $15.5B | 74,000 | 2,255 |
Kroger | 1883 | $148.3B | 465,000 | 4,662 |
Kohl's | 1962 | $18.1B | 110,000 | 2,248 |
Walgreens | 1901 | - | 210,500 | 14,299 |
Big Lots | 1967 | $5.5B | 22,900 | 2,873 |
American Eagle Outfitters | 1977 | $5.0B | 37,000 | - |
Vudu | 2004 | - | 180 | - |
Rite Aid | 1962 | $24.1B | 50,000 | 1,296 |
Lowe's Companies | 1946 | $97.1B | 300,000 | 5,614 |
Show more
The Home Depot history FAQs
How Old Is The Home Depot?
Who Is the Founder Of The Home Depot?
When was The Home Depot founded?
Related Company Histories
- Sears Holdings History
- Nordstrom History
- Kroger History
- Kohl's History
- Walgreens History
- Simmons Bedding History
- Carter's History
- The Coca-Cola Company History
- Teavana History
- Spanx History
- The Athlete's Foot History
- Paradies Lagardère History
- Cox Texas Publications History
- Oxford Industries History
- Goody Products History
Working At Related Companies
- Work at Sears Holdings
- Work at Nordstrom
- Work at Kroger
- Work at Kohl's
- Work at Walgreens
- Work at Simmons Bedding
- Work at Carter's
- Work at Swift Denim Services Inc
- Work at Aptos Retail
- Work at Purchasing Power
- Work at RaceTrac
- Work at The Coca-Cola Company
- Work at DS Services of America
- Work at Teavana
Related Company Jobs
- Sears Holdings Employment
- Nordstrom Employment
- Kroger Employment
- Kohl's Employment
- Walgreens Employment
- Carter's Employment
- Swift Denim Services Inc Employment
- Aptos Retail Employment
- Purchasing Power Employment
- RaceTrac Employment
- The Coca-Cola Company Employment
- Edible Arrangements Employment
- Paradies Lagardère Employment
- Jim Ellis Automotive Employment
- Onward Reserve Employment
The Home Depot Highest Paying Jobs
- Service Representative The Home Depot Jobs
- Stock Team Member The Home Depot Jobs
- Merchandiser The Home Depot Jobs
- Lot Associate The Home Depot Jobs
- Sales Associate And Customer Service The Home Depot Jobs
- Cashier The Home Depot Jobs
- Department Supervisor The Home Depot Jobs
- Kitchen And Bath Designer The Home Depot Jobs
- Tool Repair Technician The Home Depot Jobs
- Warehouse Associate The Home Depot Jobs
- Warehouse Worker The Home Depot Jobs
- Customer Experience Manager The Home Depot Jobs
- Assistant Store Manager The Home Depot Jobs
- Assistant Store Manager/Operations Manager The Home Depot Jobs
- Store Manager The Home Depot Jobs
- Companies
- Georgia
- Atlanta, GA
- The Home Depot
- The Home Depot History
Updated July 21, 2023
Zippia gives an in-depth look into the details of The Home Depot, including salaries, political affiliations, employee data, and more, in order to inform job seekers about The Home Depot. The employee data is based on information from people who have self-reported their past or current employments at The Home Depot. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by The Home Depot. The data presented on this page does not represent the view of The Home Depot and its employees or that of Zippia.
The Home Depot may also be known as or be related to HOME DEPOT, INC., The Home Depot, The Home Depot Inc, The Home Depot, Inc. and the home depot store support center.