...Homedepot History The Home Depot was founded by two men who had a dream to open the first home improvement store. It was in 1978 when Bernie Marcus and Arthur Blank along with an investment banker Ken Langone made this dream come true in Atlanta, Georgia (Home Depot). Home Depot has been the world’s number one home improvement retailer for quite some time now. The Home Depot has a team of more than 300,000 associates who share a commitment to providing unbeatable customer service each and every day. Human Resource Home Depot outsources a range of recruitment processes; such as leadership programs and most of store-management hiring. Recruitment process outsourcing simply makes things easier for Home Depot without it being a hugely difficult project." The Home Depot has currently outsourced human resource jobs since 1997. Through the HROs technology, the company’s 300,000 employees are able to retrieve pay information anytime via a secure website (Patriot HR). Home Depot has at least one Human Resource manager at each of its big box stores and one at its international locations. Equal Employment Opportunity policy The Home Depot is devoted to ensuring that all Home Depot employees work in a respectable and safe environment of common respect that is free of any hostility or discrimination. “Home Depot will not discriminate against any associate, applicant, customer or vendor with regard to race, color, gender, sexual orientation, gender identity or expression,...
Words: 309 - Pages: 2
...which includes the cost of sales. Gross Profits are the operating expenses, selling, general administrative, depreciation and amortization it also includes the total of operating expenses. Another focus for Home Depot includes interest as well as other (income) expenses. The income expense also includes interest and investment income. The least annual focus is the earnings from continuing operations before the provision for income taxes. This report only entitles the provision for income taxes. As each selected sales data, and the percentage relationship between net sales and the major categories in the consolidated statements of earnings change for each item it is still important in evaluating the performance of the business operations (homedepot). The business operations of the store had many key factors that would influence the company’s financial performance for this 2012. The four key initiatives they will focus on will be customer service, product authority, productivity and efficiency and interconnected retail. The customer service is anchored on putting the customers first and taking care of the associates and simplifying the business. In 2011, they rolled out a new scheduling system for the associates and a new centralized return process; as a result they now have approximately 53% of the store labor hours...
Words: 853 - Pages: 4
...HRM 87 Companies must evolve throughout the years to stay in business. They must keep up with technology demands, changes in the economy, as well as cultural changes when there is change in leadership. This paper is going to discuss. The changes that Home Depot and Hewlett Packard has gone through when they change the Chief Executive Officers and how it impacted the companies positively and negatively. Hewlett Packard announced in 2011 that they were replacing the then CEO Leo Apotheker with former EBay CEO Meg Whitman. [ (Chan, 2011) ]According to Whitman, “HP is investing in innovation, bringing cost in line with revenue, improving profits, lowering debt, optimizing cash flow, and exceeding financial performance.” [ (Takahashi, 2013) ] Instead changing the way that HP did things when Apotheker was CEO, Whitman seems to tweak the way HP will improve their businesses by investing more in business printers rather than expanding into tablets and smartphones as their competitors have done. Home Depot replaced CEO Robert Nordelli with Frank Blake in 2007 and is reported by Reuters an improvement in the culture of the business. When Nordelli was CEO Home Depot would focus on metric c sales b y making sure that the stores would all carry the same merchandise rather than allowing the stores to order what they need. In other words, if a store sold double the snow shovels than water hoses but another store sold more water hoses than snow shovels, under Nordelli both...
Words: 551 - Pages: 3
...Summary and Conclusion Home Depot remains the world’s largest home improvement retailer and makes for a sound investment choice. Its eight-core value system covers every cornerstone surrounding the industry and serves as a building block supporting its future ventures. It also allows the retailer to quickly adjust to market conditions and consumer needs, thereby maintaining the lead over competition. So far, the results have been favorable and will continue in the same direction for the foreseeable future, according to the historical financial data. The income statements and balance sheets from the past three years confirm the financial dependability of the company. Home Depot has maintained a steady 4% growth in gross profit and net sales all while increasing its current assets by nearly 8% in 2012. Most of the increase was reflected in its Cash and Accounts Receivables, which make the company more liquid. Furthermore, the company realized a 7% decrease in total current liabilities, respectively. Not only do the variations improve the liquidity of the company, but they also suggest that operations were mostly supported by long-term debt, which bear less interest and improve credit ratings. It could also be that Home Depot has found more efficient ways to conduct operations and reduced the need for external financing altogether. In addition, both, the return-on-equity and return-on-assets continued to rise during the past three years enforcing the company’s standing...
Words: 788 - Pages: 4
...from store to store because The Home Depot stores are always stocked with merchandise that is localized to match your area's specific market needs. We even offer a low price guarantee to beat anyone's advertised specials. And if for some reason you can't find it in the stores, we offer 250,000 other products that we can special order for you. Services Home Services Instead of doing it themselves, many customers choose to have qualified professionals complete home renovation projects for them. The Home Depot Home Services offers national installation services through pre-screened independent contractors for products ranging from floors to roofs, windows to water heaters, and kitchen cabinets to vinyl siding. Customers can call 1-800-HOMEDEPOT to schedule a free in-home consultation or learn more about the services offered. Serving the Pro Customer The Home Depot’s retail stores offer professional customers, including repair and remodel contractors, special services and support to make them more successful on the job site. Through dedicated contractor services desks in more than 1,900 stores, professional customers have access to loyalty programs, a pro bid room to handle large...
Words: 989 - Pages: 4
...The Home Depot Financial Management Project Company Financial Analysis For: Professor Ana Machuca Submitted by Team A: Betcher, Rhonda Cammack, Cheryl Desai, Shekhar Barnes, John Babatunde, Lasisi Adamson, Christopher Submission Date: February 26, 2012 TABLE OF CONTENTS EXECUTIVE SUMMARY: ...................................................................................... 3. COMPANY INTRODUCTION: ............................................................................... 5. FINANCIAL ANALYSIS: ......................................................................................... 8. WEIGHTED AVERAGE COST OF CAPTIAL (WACC): ........................................ 11. FUTURE CASH FLOWS: ...................................................................................... 16. HISTORICAL STOCK PRICE: .............................................................................. 22. SECURITY ANALYST’S REPORTS: .................................................................... 25. DIVIDEND and CAPITAL STRUCTURE: .............................................................. 26. CORPORATE GOVERNANCE: ............................................................................ 28. MERGER and INTERNATIONAL STRATEGY: .................................................... 29. REFERENCES: .....................................................................................................
Words: 5904 - Pages: 24
...What began as a small chain of stores established by a group of Chicago-area retailers in 1924 has evolved into the nation’s leading retailer-owned cooperatives. Throughout the years, many things have changed. From a few Chicago-area hardware stores, Ace has grown to include 4,600 stores in 50 states and 60 countries. Yet one thing has remained unchanged — Ace's commitment to deliver quality, friendly and helpful hardware service to consumers. Take a trip through the past decades for a look at the milestones and achievements Ace has enjoyed through the years. 1920-1940: The birth of an American cooperative Timeline 1924: Uniting their Chicago-area hardware stores to increase buying power and profits, entrepreneurs Richard Hesse, E. Gunnard Lindquist, Frank Burke and Oscar Fisher forge the beginning of Ace Hardware. 1928: By year-end, 11 retailers join the fledgling company, now officially named Ace Stores, Inc. 1929: Ace opens its first warehouse, a 25,000-square-foot building in Chicago, and benefits from the public’s unwavering need for tools and hardware – even in the most unsettling economic times. 1931: Ace Stores, Inc., officially changes its name to Ace Hardware Corporation. Ace’s growing retailer base and buying power helps the company compete with mail order houses and chain stores. 1933: The Sherman Hotel in Chicago is home to the first formal retailer convention, and Ace’s 38 dealers from Illinois, Indiana and Wisconsin attend. 1939:...
Words: 6529 - Pages: 27
...The Mobile Landscape Insights for Advertising April 25, 2011 Table of Contents I. Introduction 3 II. Consumer Behavior Trends 4 III. Mobile Technology 7 Mobile Devices and Services Other mobile-relevant technologies of interest The Development of Native Apps vs. Web Apps IV. Mobile Advertising 16 Banner ads on mobile devices Mobile applications or apps Mobile gaming Mobile commerce Location-based services or LBS Mobile and Health Mobile Metrics and Analytics V. The Future of Mobile Media 30 VI. Conclusion 34 VII. Works Cited 35 Part I: Introduction As predicted nearly ten years ago in their article, “The Death of Advertising,” Roland Rust and Richard Oliver wrote, “the new media represent a vast ‘network of networks,’ now often referred to as the information superhighway. A technical reality, major parts of the information super highway are under construction all over the US (1994).” During the digital revolution of the last decade, modern humanity has experienced a shift in traditional media consumption habits, which is now culminating with mobile technology. In examining the emerging mobile landscape, two things are increasingly apparent. One, mobile technology is heading into uncharted territories. Two, this is happening at unprecedented rates. This landscape is so unpredictable that the introduction of a new highly...
Words: 10349 - Pages: 42
