Profile: Home Depot Inc (HD)
21 Feb 2017
The Home Depot, Inc. (The Home Depot), incorporated on June 29, 1978, is a home improvement retailer. The Company sells an assortment of building materials, home improvement products, and lawn and garden products, and provides various services. The Home Depot stores average approximately 104,000 square feet of enclosed space, with over 24,000 additional square feet of outside garden area. The Home Depot stores serve three primary customer groups: do-it-yourself (DIY) customers, do-it-for-me (DIFM) customers and professional customers. The Company has approximately 2,270 stores located throughout the United States, including the Commonwealth of Puerto Rico and the territories of the United States Virgin Islands and Guam, Canada and Mexico.
The Company's DIY customers are home owners who purchase products and complete their own projects and installations. The Company assists these customers with specific product and installation questions both in its stores and through online resources and other media designed to provide product and project knowledge. The Company also offers a range of clinics and workshops to impart project knowledge. DIFM customers are home owners who purchase materials themselves and hire third parties to complete the project or installation. The Home Depot's stores offer a range of installation services targeted at DIFM customers who select and purchase products and installation of those products from it in the store online or in their homes through in-home consultations. Its installation programs include categories, such as roofing, siding, windows, cabinet refacing, furnaces and central air systems. Professional Customers are primarily professional renovators/remodelers, general contractors, repairmen, installers, small business owners and tradesmen. The Company offers a range of special programs to these customers, including delivery and will-call services, staff and credit programs.
The Company provides its professional, DIY and DIFM customers to finance their projects by offering private label credit products in its stores through third-party credit providers. The Company offers a range of brands across a range of departments, such as Husky hand tools and tool storage; Everbilt hardware and fasteners; Hampton Bay lighting, ceiling fans and patio furniture; Vigoro lawn care products; RIDGID and Ryobi power tools; Glacier Bay bath fixtures; HDX storage and cleaning products, and Home Decorators Collection furniture and home decor. It offers a range of products to its customers, which include EGO 58-volt cordless outdoor power tools (string trimmer, hedge trimmer, blower, chainsaw and lawn mower); the Husky 100 platform of mechanics tools; LifeProof Carpet; Milwaukee Cobalt Red Helix drill bits, and Feit Electric HomeBrite Bluetooth Smart LED light bulbs.
Through the Company's Eco Options program, it has created product categories that allow consumers to identify products that meet specifications for energy efficiency, water conservation, healthy home, clean air and sustainable forestry. Its Eco Options Program includes over 10,000 products. Through this program, it sells ENERGY STAR certified appliances, light-emitting diode (LED) light bulbs, tankless water heaters and other products. The Company helps its customers save water through sale of WaterSense-labeled bath faucets, showerheads, aerators, toilets and irrigation controllers. The Company also maintains an in-store rechargeable battery recycling program. The Company has recycle over 680,000 pounds of compact fluorescent lamp (CFL) bulbs and over 930,000 pounds of rechargeable batteries collected from its customers. It also recycled over 170,000 lead acid batteries collected from its customers under its lead acid battery exchange program, as well as approximately 200,000 tons of cardboard through a cardboard recycling program across its United States stores.
Home Depot Inc
2455 Paces Ferry Rd SE
ATLANTA GA 30339-1834
Company Web Links
- Fitch Affirms The Home Depot, Inc.'s IDR at 'A'; Outlook Stable
- Home Depot's profit beat, $15 billion buyback lift shares to new high
- UPDATE 3-Home Depot's profit beat, $15 bln buyback lift shares to new high
- US STOCKS-Wall St to open near record-highs on strong retail earnings
- BRIEF-Home Depot Q4 EPS $1.44