About The Company Home Depot
The company Home Depot was formed in the year 1978. It was started by Bernie Marcus and by Arthur Banks. They had identified a business niche in the home sector. They found that people had to be dependent on plumbers, electricians and other handymen if they had to fix anything, get anything sorted, renovated or improved. The costs of labor and equipments often proved prohibitive and home owners struggled to make do with temporary repairs and fixtures. The company was created as the owners realized that they could introduce â€œdo-it-yourselfâ€ fixtures and home accessories as well as easy to use kits for home owners. Home Depot - A Specialty Realtor
At the time the Home Depot company was formed, there was none like it. It had the good fortune of capturing and even raising demand in a sector that had remained unexplored â€“ how to care for and improve homes. With the rising cost of labor and equipments as well as limited knowledge of homeowners in the arena of home improvement, such a realtor promised a lot to homeowners. Today the company is a relic in such a category. It has more than two thousand retail stores spread across the United States. It also has stores in Mexico, Canada besides the stores spread across the US. The company has a rich and successful history and is an inspiration to many home improvement groups and chains. How Home Depot Started Operating
It is always interesting to know how a business in an unknown niche can start to operate on its own. When the first stores of Home Depot were opened in Georgia, they were like huge warehouses that had boxes piled up high to intimidate the competitors like hardware stores and to impress the customer. In the initial stage the customer support and service as important. Customers had to be guided on how to lay tiles, handles a power tool or change a fill valve. Not only did the stores offer product knowledge and training, they even encouraged homeowners to handle improvement projects by themselves. The Success Factor Of Home Depot
The company Home Depot started off with the aim to help the customers with whatever it takes. Thus, from helping them to find the tools and accessories that will save them time and money to understanding how they work and how to use them, the focus was on helping people to help themselves and to build lasting relations with the customers. Growth Of Home Depot
Today Home Depot is a success story of a business that has been able to create a whole new world for itself. Indeed, even though there are home improvement brands that they promote, these brands have been initiated due to the presence of realtors like Home Depot. The company went public in the eighties and was seen to spread across to Mexico and Canada in the nineties as well as in the new millennium. Today, there are very few people who are not aware of this chain of stores for home improvement.