Home Depot

• 'Do it herself" got women into house repairs
• A Blank co-founder
• Bernie marcus - Founder
• Handy Dan - Home improvment centers
• Ken Langone = Key player in home depot stores
• "Works like a dog for home depot."
• Ken Langone - Co-founder
• Put a 2 page add in the newspaper
• Handed out $1.00 bills the first day of opening
• First customers got a lot of attention because there were not many customers
• Starting wage was higher than most companies
• Trained employees to think for themselves
• Cult/Family like
• Lost $1,000,000.00 in the first year
• 2nd year, profit was almost $1,000,000.00
• Opened 2 more stores in florida
• Competition was 'scotty's'
• in 1984 there were 34 stores
• in 1999 decided to stop selling lumber from endangered forests becabuse of enviromentalists that protested.
• Sponsered the olympics
• Happy that they have Lowes as a competitor (somebody that can give home depot a run for their money)
• In 1997 Blank became CEO of home depot
• "More stores, less control"
• in 2001, 3 people died at home depot stores withtin an 8 month time spand
• Bob Nardely = became president of Home hardware
• Consecutive
• Blank was now chairman
• Blank left company at age 58
• Took over USA, CANADA!!, Pouerto Rico, and Mexico.
• Arthur Blank = 1.3 billion
• Bernie Markus = 1.6 billion