In 2017, THD had surpassed $100 billion in sales and expanded its commitment to veterans’ causes to $500 million. By 2005, The Home Depot had opened its 2,000th store-this time, celebrating the event in Riverdale, Georgia.
With the acquisition of Total Home, the company expanded into Mexico. It was located in Monrovia, California.Īround that time they had eclipsed every other home improvement retailer, becoming the largest in the U.S. Three years later they had opened their 100th store.
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Their Pro focus didn’t come until around 1986. The Home Depot went public on the NASDAQ in 1981 and they expanded into Florida. By the end of the year, they added their third store and employed 200 associates. A year later they already had two stores open-both in Atlanta, Georgia. Two months later they started The Home Depot Inc. It all began when two men, Bernie Marcus and Arthur Blank, were fired from Handy Dan Home Improvement Centers in 1978. Interestingly, The Home Depot (yes the company name actually includes “The” in front) started much later than Lowe’s-about 57 years later, in fact.
2021 marks the 10th anniversary of Lowe’s. In 2002, Lowe’s joined the Fortune 100 with $22 billion in sales and opens stores in Canada and India in 20 respectively.
Soon after, Fortune Magazine named Lowe’s one of its “Top 100 Best Companies to Work for in America”. By 1982, it had reached $1 billion in sales with $25 million in profits. The company was serving one million customers by 1964. The company went public in 1961, though it wouldn’t get listed on the NYSE until 1979. While joint-owner Carl Buchan took over the company as its sole owner in 1952, the stores kept their name. It was three years later, in 1949, that Lowe’s opened up its second store in Sparta, North Carolina.
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