Headquarters: 2455 Paces Ferry Road N.W.
Atlanta, GA 30339
CEO: Craig Menear
Stock Symbol: HD
Home Depot is the world's largest home-improvement retailer. Its bright orange stores are the epitome of "big-box stores" open in suburbs across the U.S.
The stores stock up to 40,000 different kinds of building materials and lawn and garden products. Services include free in-store clinics for honing home improvement skills as well as design and decorating consultation, truck and tool rental, and home delivery.
Home Depot stores cater to both do-it-yourselfers and professional customers who serve the home improvement construction and building maintenance market segments.
At the end of 2021, the company operated 2,317 stores in all 50 states, Guam, US Virgin Islands, Canada and Mexico.
For fiscal 2020, Home Depot reported sales of $132.1 billion, a 19.9% increase, and net income of $12.9 billion.
Ted Decker will be the company's new CEO on March 1, 2022. Craig Menear will remain Chair of the Board.
Bernie Marcus and Arthur Blank, forever changed the home improvement industry when they opened the first The Home Depot stores in Atlanta, Georgia on June 22, 1979. The original partnership was called "MB Associates."
The original stores stocked around 25,000 products and were attached to Treasure Island stores. Today, on average, The Home Depot offers 40,000 products and is approximately 106,000 square feet.
The company went public on Nasdaq in 1981 and moves to NYSE in 1984. Home Depot would pass the $1 billion mark in sales in 1986.
The company sold its wholesale business HD Supply for $8.8 billion to a group of private equity firms on August 2007.
Home Depot reacquired HD Supply in December 2020 for $8 billion.
Home Depot offers benefits for both full-time and part-time workers as follows:
Full-Time Hourly and Salaried Associates
- Health Savings Account
- Spending Accounts
- Disability Insurance
- Life Insurance
- Accidental Death and Dismemberment (AD&D) Insurance
- Short-Term Disability Insurance
- Life Insurance
- FutureBuilder 401(k)
- Employee Stock Purchase Plan (ESPP)
- Direct Deposit and Credit Union
- Personal/Sick Days
- Leave of Absence (including Military Leave)
- Paid Parental Leave
- Bereavement Days
- Building Better Health
- Tuition Reimbursement
- Relocation Assistance
- Team Depot Volunteer Events
- Matching Gift Program
- CARE-Solutions for Life
- Adoption Assistance
- METDesk-special needs dependents assistance
- Delivering the Promise-beneficiary assistance program
- Legal Services Plan
- Long-term care insurance
- Auto/homeowners insurance
- Veterinary pet insurance
There is no employee discount on store merchandise to workers but occasional coupons and discounts are offered.