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59-641: The Common has a large base of retail tenants that provide various goods and services. The first tenant in the Commons was The Home Depot , which opened in April 1998. Anchor tenants at South Edmonton Common include Canadian Tire (the chain's largest location), IKEA , Cineplex Cinemas , Rona+ , Real Canadian Superstore , and Walmart . Other stores include Staples , Best Buy , Marshalls , Lindt , and Mountain Equipment Company . Hartco Income Fund,

118-826: A Compete.com survey. In the US HomeDepot.com has 5 Call centers located in Kennesaw, GA; Atlanta, GA; Marietta, GA; Ogden, Utah and Tempe, AZ. Home Depot online offers in-store pickup and online returns. In 2006, The Home Depot started testing fuel centers at some of its stores. The first two "Home Depot Fuel" convenience stores (C-Store) were located in Tennessee . Four additional prototype stores were built in Acworth, Georgia ; Smyrna, Tennessee ; Greensboro, Georgia ; and Winchester, Tennessee . In 2012, Home Depot VP of Corporate Communication Stephen Holmes stated that

177-603: A government shutdown in an effort to block the ACA . In 2014, Langone likened populist appeals to raise taxes on the rich in the United States to Hitler's rhetoric in Nazi Germany in the 1930s. In July 2022, Langone helped found a group of U.S. business and policy leaders who share the goal of constructively engaging with China in order to improve U.S.-China relations. Langone initially endorsed Christie's campaign for

236-485: A 75% share. All of the Aikenhead's Hardware stores were later converted to The Home Depot stores. By 1995, sales reached $ 10 billion while operating 350 stores. Former General Electric executive Robert Nardelli became CEO and president of The Home Depot in 2000. San Diego maintenance and repair supplies company Maintenance Warehouse was purchased by The Home Depot in 1997 for $ 245 million. Maintenance Warehouse

295-623: A catalog and online sales, but with five physical locations. The five physical locations were not included in the deal. In December 2020, Home Depot bought back HD Supply for $ 8 billion. In January 2022, The Home Depot announced Craig Menear would be stepping down as the CEO and president effective March 1, 2022, while continuing to serve as the chairman of the board. He was replaced by former executive vice president Ted Decker . In February 2023, Home Depot announced that it would spend $ 1 billion to raise hourly employee wages. As of 2020, Home Depot

354-716: A for-associate charity, is named after the mascot, who since its creation, has been a part of Home Depot culture ever since. This includes signage, advertising, awards, and even a life-size costume for stores to rent out. Homer has a wife, named Daisy. Home Depot stores average 105,000 ft (9,755 m ) in size and are organized warehouse-style, stocking a large range of supplies. Home Depot's two largest stores are located in Vauxhall, New Jersey , which encompasses 217,000 ft of space, and in Anaheim Hills, California , where it encompasses 204,000 ft . The company color

413-549: A fund working to defeat Democratic senators and $ 500,000 to Americans for Prosperity , the Koch family-backed group. In December 2023, Langone endorsed Nikki Haley 's campaign for the 2024 Republican presidential nomination , and became a major donor to a super PAC supporting Haley. However, after the January 2024 Iowa caucuses , Langone said he would withhold further major financial support for Haley's candidacy unless she had

472-458: A larger, 53,000 square-foot layout and an updated store concept. The store, along with 65 other Future Shop stores, closed on March 28, 2015. and in August 2015, Spirit Halloween took the spot for 2 months, then leaving one anchor tenant vacant. Sport Chek, which opened in fall 2016, replaced Future Shop. The Home Depot This is an accepted version of this page The Home Depot, Inc.

531-724: A member of the boards of trustees of NYU Langone Health , the Harlem Children's Zone , the Robin Hood Foundation , and the Center for Strategic and International Studies . He was a member of the Bucknell University board of trustees from 1981 to 1996; he and his wife gave $ 11 million to the university in 1999, to fund a new athletics center, and approximately $ 42 million to the university between 2013 and 2017. In 2019, he donated over $ 5 million to

590-604: A strong showing in the New Hampshire primary , and said that he believed Trump would likely win the nomination. He said he would "probably" vote for Trump if he were the Republican Party's nominee. He and his wife Elaine Langone have three children; Kenneth G. Jr., Stephen, and Bruce Langone. He lives in Sands Point, New York . He has lived on Elderfields Road in nearby Flower Hill , and has maintained

649-672: 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 . If the union had won, the Michigan store would have been the first Home Depot to have union representation. Your Other Warehouse, a large plumbing distributor with a focus on special order fulfillment, was acquired by The Home Depot in 2001. Your Other Warehouse also supplied two divisions of The Home Depot and

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708-613: A winter home in North Palm Beach, Florida . Langone is a devout Catholic who has financially contributed to the church and sat on the board of St. Patrick's Cathedral . He was made a knight of the Order of St. Gregory the Great by Pope Benedict XVI . He has been critical of Benedict's successor, Pope Francis , taking issue with Francis's statements (for example, in the apostolic exhortation Evangelii gaudium ) condemning

767-456: Is a bright orange (PMS 165, CMYK 60M100Y, HEX FF6600), on signs, equipment and employee aprons. Contractors make up only five percent of Home Depot's customers but they account for 45 percent of the companies $ 132 billion in annual sales. To address these contractor customers the company is building new flatbed distribution centers designed specifically to cater to builders that roll up in a contractor flatbed trucks . The Home Depot announced

826-778: Is a major donor to the Republican Party . Langone was born in Roslyn Heights, New York , to Italian American parents. His father was a plumber and his mother a cafeteria worker. He was a student at Bucknell University and the New York University Stern School of Business . In the early 1960s, Langone began his career at a Wall Street financial services company named R.W. Pressprich, where he helped develop new business. In 1968 Langone met and persuaded Ross Perot to let Pressprich handle Electronic Data Systems 's IPO . In 1969, Langone

885-504: Is an American multinational home improvement retail corporation that sells tools , construction products, appliances, and services, including fuel and transportation rentals. Home Depot is the largest home improvement retailer in the United States. In 2021, the company had 490,600 employees and more than $ 151 billion in revenue. The company is headquartered in unincorporated Cobb County, Georgia , with an Atlanta mailing address. Home Depot operates many big-box format stores across

944-514: Is an industrial supply and distribution company. The company, formerly called The Maintenance Warehouse, provided infrastructure and construction support services for businesses throughout North America. Renamed as HD Supply, the business was re-acquired by THD in December 2020. The Home Depot exclusively carries several major brands, including: Additionally, the retailer sells the following house brands , though it does not manufacture any of

1003-513: Is effective as of February 1, 2016. Ms. Campbell has been employed by Home Depot for over 30 years, beginning as a cashier in a branch in South Florida . Her most recent role was as president of Home Depot's Southern division. The Home Depot has over 90 distribution centers throughout the United States to serve over 2,000 The Home Depot stores. The domain homedepot.com attracted at least 120 million visitors annually by 2008 according to

1062-588: Is ranked #26 on the Fortune 500 rankings of the largest United States corporations by total revenue. In 2023, the company was ranked 67th in the Forbes Global 2000 . For the Q2 of 2020, the company reported sales of $ 38.1 billion, which represented a growth of 23.4% from the same period, the previous year. The net earnings for the period of three months (ending August 2) rose 27% up to $ 4.3 billion. The growth in

1121-401: Is very heavily dependent upon the success of the company. Although a longtime deputy to Nardelli at GE and Home Depot, Blake was said to lack Nardelli's hard edge and instead preferred to make decisions by consensus. Indeed, Blake repudiated many of his predecessor's strategies, and it has been reported that the two men have not spoken since Nardelli departed Home Depot. In 2008 and 2009, with

1180-671: The Animal Medical Center in New York City. In 2024, Langone received the Golden Plate Award of the American Academy of Achievement . Langone is portrayed by actor Ray Iannicelli in the 2017 HBO Films production The Wizard of Lies . In the film, Langone rejects an offer to invest money in the schemes of convicted Wall Street swindler Bernie Madoff . Langone is extensively featured in

1239-725: The NASDAQ , raising $ 4.093 million. The Home Depot joined the New York Stock Exchange on April 19, 1984. The Home Depot began to branch out of Georgia to Florida in 1981 with stores opening in Hollywood and Fort Lauderdale . By 1984, The Home Depot was operating 19 stores with sales of over $ 256 million. To enter the Dallas market The Home Depot acquired Bowater Home Center from Bowater Inc. on October 31, 1984, for $ 40 million. The increased expansion of The Home Depot in

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1298-624: The deadly far-right rally in Charlottesville, Virginia , Langone said Trump “completely mishandled the situation in Charlottesville" but continued to support Trump's economic policies. On January 13, 2021, days after the January 6 attack against the U.S. Capitol , Langone said he felt "betrayed" by Trump's actions during the assault. He nevertheless continued to back Trump after the Capitol attack, and contributed $ 1 million to

1357-499: The 2016 Republican presidential nomination; in early 2015, he donated $ 250,000 to a pro-Christie super PAC, but made no major further financial contributions to support Christie's campaign, and praised Donald Trump as "a very significant positive factor." After Christie dropped out of the race, Langone shifted his support to John Kasich . He also later donated to Donald Trump's 2016 presidential campaign . In 2019, Langone praised Trump for raising tariffs on China. In 2017, following

1416-519: The Attorney General had lost standing to sue Grasso. According to Forbes magazine, Langone's net worth as of 2024 is approximately $ 8 billion. Langone is a major donor to the Republican Party . He describes himself as a "loyal, enthusiastic Republican" and opposes single-payer healthcare , free college tuition , and guaranteed minimum income , deeming these policies to be a form of "socialism." A friend of Ross Perot , Langone

1475-850: The EXPO Design Centers. 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 . The Home Depot entered the Mexican market in 2002 with the acquisition of the home improvement chain Del Norte. In addition, The Home Depot had begun construction of stores in Mexicali and Tijuana . In

1534-561: The NYSE that were part of his $ 139.5 million pay package. The lawsuit named Langone, who had approved the pay package. Langone denied that the pay packages were illegal considering that the NYSE had direct knowledge of the board's decision. On July 1, 2008, the New York State Court of Appeals dismissed all claims against Grasso because the NYSE had changed its status from a nonprofit to a for-profit organization , which meant that

1593-535: The Southwest Division. He subsequently served as senior vice president of merchandising from August 2003 to April 2007. He then served as an executive vice president of merchandising from April 2007 to February 2014. Until becoming CEO, Menear served as president of U.S. Retail from February 2014 to November 1, 2014. The company had a data breach in September 2014. One major reason for the data breach

1652-432: The U.S. Military community with a 10% military discount. Since 1993, the "Team Depot" program has provided grants to veteran-based organizations and has workers from a local store do volunteer work that would benefit veterans. Ken Langone Kenneth Gerard Langone Sr. KSG (born September 16, 1935) is an American billionaire businessman best known for organizing financing for the founders of The Home Depot . He

1711-550: The United States (including the District of Columbia , Guam , Puerto Rico and the U.S. Virgin Islands ); all 10 provinces of Canada; and all 32 Mexican states and Mexico City . Maintenance, repair, and operations company Interline Brands ( The Home Depot Pro ) is also owned by The Home Depot, with 70 distribution centers across the United States. It is the sixth largest United States–based employer globally . The Home Depot

1770-417: The United States, Canada, and Puerto Rico that serve customer needs for MRO supplies. The brands of Interline Brands include: Online seller of textile and textile goods for the home decor market. Originally founded in 1911 as a purveyor of home furnishings, its online division—only—was acquired by THD in 2017. Online contractor referral service founded in 2009; now called THD Pro Referral. HD Supply

1829-498: The company had no plans for additional fuel centers or growth in that area. The Home Depot offers rental vans and trucks at most of its locations. Blinds.com is an e-commerce retailer of window blinds and window coverings . Blinds.com was founded by Jay Steinfeld in 1993. By 2006, the company was named #186 on the Internet Retailer Top 500 Guide, as well as the 10th fastest-growing e-commerce company on

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1888-654: The company that owns Compusmart, began shutting down its 15 Compusmart locations in May 2007. Originally, the South Edmonton Common location was not one of the first five to be shut down; however, it was quickly sold as well. As of January 2017, the location is currently occupied by Party City. Walmart initially opened in 1998 where as one of the first two retailers to open in South Common, the other being The Home Depot . It relocated from its former location in

1947-462: The company's patent-pending Instafit shade product. In January 2014, Blinds.com was acquired by The Home Depot. Power equipment rental company that prior to 2017 provided equipment to rental departments in over 1,000 Home Depots in North America. Acquired by The Home Depot on July 6, 2017. Interline Brands (renamed in 2018 as The Home Depot Pro) has over 90 distribution centers throughout

2006-499: The company's steep decline. Langone was a member of the boards of Geeknet , Database Technologies , ChoicePoint Inc., Unifi, and Yum! Brands, Inc. Langone was chairman of the New York Stock Exchange 's Compensation Committee from 1999 to 2003. In 2004, New York Attorney General Eliot Spitzer filed a lawsuit against the New York Stock Exchange's former Chairman Richard Grasso to return $ 100 million to

2065-420: The downturn in the housing market, The Home Depot announced the layoff of several thousand associates, as well as the closing of 54 stores nationwide, including the entire EXPO Design Center chain. Associates at EXPO were allowed to re-apply for Home Depot jobs after the layoffs , and did not lose any tenure if hired back. In the year of February 2009, sales totaled $ 71.288 billion, more than $ 20 billion down from

2124-496: The goods itself: Home Depot is mainly owned by institutional investors, who own around 70% of shares. The largest shareholders in December 2023 were: The Home Depot Foundation is the philanthropic arm of the company created in 2002. It has contributed over $ 200 million in time, labor, money, and supplies to a number of causes, including Habitat for Humanity , California-based City of Hope National Medical Center , and playground construction organization KaBOOM! Home Depot supports

2183-553: The indifference of the prosperous toward the poor. Langone and his wife were early signatories to The Giving Pledge . Langone has donated $ 300 million to the NYU School of Medicine and NYU Medical Center (later named NYU Langone Health in his honor); this includes a $ 100 million pledge in 2018 toward a $ 450 million program to make tuition free for all medical students at the NYU School of Medicine. Langone has been

2242-489: The largest home improvement store in the United States, surpassing Lowe's . In the 1990s The Home Depot searched for ways to redefine its marketplace. The EXPO Design Center subsidiary was launched in 1991 to provide high-end products and design services. A 480-page book Home Improvement 1-2-3 was published in 1995. The Canadian hardware chain Aikenhead's Hardware was acquired by The Home Depot in 1994 for $ 150 million with

2301-521: The late 1990s and "The Home Depot: First In Home Improvement!" from 1999 to 2003. Long-time employee Marc Powers became the head of Home Depot's US stores division in 2014. He took the place of Marvin Ellison, who left to become the chief executive of J.C. Penney . In January 2016, Home Depot announced the departure of Powers as division head, to be replaced by another veteran employee, Ann-Marie Campbell , one of Powers' deputies. The change in leadership

2360-527: The launch of "Paces Trading Company," its online lighting store. In mid-2006, the Home Depot acquired Home Decorators Collection, which was placed as an additional brand under its Home Depot Direct division. In 2006, the Home Depot acquired Hughes Supply the largest home retailer in the United States for $ 3.2 billion. Hughes Supply was integrated into The Home Depot Supply to better serve business-to-business customers. The Home Depot Supply rebranded under

2419-605: The list. In 2009, Blinds.com was given the Marketer of the Year Award by the American Marketing Association , in recognition of its innovative marketing strategy. In response to demand for window coverings that could be installed quickly and easily, CMO Daniel Cotlar led a partnership with a manufacturing vendor to design a window shade that could be installed without tools or adhesive. This led to

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2478-499: The management of Interline Brands for $ 1.6 billion. Interline Brands became fully integrated with The Home Depot in August 2016 with the Interline Brands website merging with The Home Depot website. The subsidiaries of Interline Brands are now companies of The Home Depot. In 2017, Home Depot acquired the online presence of The Company Store from Hanover Direct . The Company Store was founded in 1911, operating primarily as

2537-404: The mid-1980s created financial difficulties with earnings falling by 42% and debt rising to $ 200 million. The financial difficulties of The Home Depot also caused the stock price to fall. 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 which helped The Home Depot to restructure its debts. In 1989, The Home Depot became

2596-552: The nearby Heritage Mall. On November 7, 2007, the newest Walmart Supercentre opened on the south end of South Edmonton Common, replacing the former retail location at Parsons Road and 21 Avenue. Konto Furniture , Sofa Land , Rooms + Spaces and Babies "R" Us now share the space of the former Walmart. The Walmart Supercentre has a full indoor garden centre, a fully serviced grocery store including meat, produce, bakery and floral. All former services such as McDonald's, optometrists, photo finishing and portrait studio are available at

2655-522: The new location, along with a Tim Hortons located in the building, which brings a total of three Tim Hortons locations to South Edmonton Common. Walmart is the only tenant of the shopping centre that is east of Parsons Road. On September 19, 2008, the Edmonton Journal reported Future Shop would be opening its largest store in Canada at 53,000 square feet (4,900 m). The location featured

2714-668: The new name HD Supply in January 2007. Five months later The Home Depot sold HD Supply to a consortium of three private equity firms, The Carlyle Group , Bain Capital and Clayton, Dubilier and Rice (with each agreeing to buy a one-third stake in the division). On January 2, 2007, the Home Depot and Robert Nardelli mutually agreed on Nardelli's resignation as CEO after a six-year tenure. Nardelli resigned amid complaints about his heavy-handed management and whether his pay package of $ 123.7 million (excluding stock option grants) over

2773-482: The new slogan "How Doers Get More Done" on December 5, 2019, replacing the previous slogan "More saving. More doing." which was introduced in the March 18, 2009, circular, replacing "You can do it. We can help." which had been used since 2003. Other slogans used in the past 25 years include "The Home Depot, Low prices are just the beginning" in the early 1990s and "When you're at the Home Depot, You'll feel right at home" in

2832-575: The peak of two years earlier due to the sale of HD Supply and falling revenue at the retained business. 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 that focused on more intimate interactions between customers and associates remain open there. In 2013, The Home Depot established two large distribution centers in Atlanta and Los Angeles . In August 2014, it

2891-426: The previous five years was excessive, considering the stock's poor performance versus its competitor Lowe's . His severance package of $ 210 million was criticized because when the stock went down, his pay went up. His successor, Frank Blake , previously served as the company's vice chairman of the board and executive vice president. Blake agreed to a much more conservative compensation package than Nardelli, which

2950-556: The sales was a result of Americans staying at home as a result of the COVID-19 pandemic . In the Q3 for 2020, ending November 1, Home Depot reported a revenue of $ 33.5 billion; it represents a year-on-year increase of 24 per cent. The Home Depot's mascot has been Homer D. Poe since 1981 when he was first used in advertising. Gwyn Raker, the illustrator, says, "I designed him to be a funny guy next door who wasn't intimidating." The Homer Fund,

3009-562: The same year the Home Depot Landscape Supply was launched to integrate professional landscapers and upscale plants into a plant nursery retail chain. Home Depot Landscape Supply lasted only five years with only a few stores each in metro Atlanta and Dallas/Fort Worth . The Home Depot decided to close all Home Depot Landscape Supply stores in late 2007. In September 2005, Home Depot Direct launched its online home-furnishings store, 10 Crescent Lane, shortly followed by

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3068-598: The values that were important to us. Values like respect among all people, excellent customer service and giving back to communities and society On June 22, 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 September 22, 1981, The Home Depot went public on

3127-560: Was a bundler for the Giuliani's campaign. Langone heavily donated to efforts to defeat Barack Obama in the 2012 presidential election . He led an effort by a group of wealthy Republican donors to draft Chris Christie to run; when he declined, Langone backed Mitt Romney . He criticized the Affordable Care Act championed by Obama, although he was also critical of Republican congressional leadership for triggering

3186-430: Was a leading direct-mail marketer of maintenance, repair and operations supplies that could reach customers out of reach by The Home Depot. Atlanta-based company Apex Supply was acquired by The Home Depot in 1999. Apex Supply is a wholesale distributor of plumbing, HVAC, industrial pipe and fittings. Apex Supply and Maintenance Warehouse were rebranded in 2004 as "The Home Depot Supply." In 2004, Home Depot employees at

3245-454: Was announced that Frank Blake would step down as CEO and would be replaced by 57-year-old Craig Menear . The change occurred on November 1, 2014. Blake continued with the company as chairman. Menear joined The Home Depot in 1997 and served in various management and vice-presidential positions, until 2003, including merchandising vice president of hardware, merchandising vice president of the Southwest Division, and divisional merchandise manager of

3304-428: Was co-founded by Bernard Marcus , Arthur Blank , Ron Brill , Pat Farrah , and Ken Langone 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 . Bernie and I founded The Home Depot with a special vision – to create a company that would keep alive

3363-474: Was named Pressprich's president. In 1974, Langone formed the venture capital firm Invemed. Langone organized financing for Bernard Marcus and Arthur Blank to found Home Depot . Now an international chain with over 450,000 employees, it is Langone's most notable business venture. Langone was a member of the board of directors of General Electric from 1999 to 2005. He defended Jack Welch 's tenure as chief executive of GE, blaming Welch's successors for

3422-688: Was part of the "Business Brigade" of executives who supported Perot's 1992 presidential campaign and he was an advisor to the Perot campaign. He donated hundreds of thousands of dollars to the Republican National Committee and to Republican-aligned outside spending groups, such as Karl Rove 's American Crossroads super PAC , and Norm Coleman 's dark money group, the American Action Network . In 2008, Langone supported Rudy Giuliani 's presidential bid, and

3481-624: Was the practice of entering credit card numbers directly into computers at the service-desk and pro-desk, and in specialty departments including flooring, kitchen cabinets, appliances, and millwork , rather than using POS credit card terminals directly. The practice was stopped, and Home Depot offered a year of free credit monitoring through AllClearID for any customers who requested it. There were also reports of credit card numbers being stolen when used to make purchases on Homedepot.com. On July 22, 2015, Home Depot acquired Interline Brands from P2 Capital Partners, Goldman Sachs' private equity arm, and

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