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Home Depot's Role In The Home Improvement Market

339 Words2 Pages

Home Depot is a worldwide organization that focuses in the home improvement market, as well as provides product development for the construction industries. This strategically operated organization reflects the commitment from federal and provincial legislations in order to “take care of our people.” Home Depot pledges to create a safe work environment, and to treat everyone fairly. Home Depot is committed to customer service, and building strong relationships with costumers, venders, and associates.
Home Depot’s strategic goal is to expand into new markets, further develop existing markets, and explore opportunities around the world. Over the past four decades Home Depot has grown a great deal and currently has a market share of 27.2%, and is the leading home improvement market with net sales of $83.2 billion for fiscal 2014. …show more content…

Home Depot is always looking for talented people in their recruitment in order to expand business and find innovative leaders to ensure future success. When a person becomes an employee of Home Depot, they become a part of a team, and every member of Home Depot plays an important part in serving costumers. Employee selection is a crucial part in maintaining a high efficient work environment. Home Depot needs to recruit and evaluate applicants in order to match their KSAOs with job positions. After selection, orienting new recruits is important because not only is it vital for employees to know Home Depot’s culture, but it is important to feel welcome and understand Home Depot’s policy and Ontario

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Home Depot Financial Analysis Essay

1214 Words | 5 Pages

However with few exceptions, The Home Depot outperforms Lowe’s considerably. Lowe’s did outperform The Home Depot in revenue growth this most recent quarter, but this is just a snapshot when in reality both The Home Depot and Lowe’s have been experiencing very similar growth for years. Next is Earnings/Share, The Home Depot is earns over two times more than Lowe’s for one dollar of share price. Key differences can be found in profit margins, debt vs equity, and return on equity. The Home Depot has a considerably higher profit margin when compared to the margin of Lowe’s, and is much better at turning invested capital into equity.

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Compare And Contrast Home Depot Vs Lowes

166 Words | 1 Pages

I think the Home Depot is a stronger than Lowe’s, because the Home Depot is number one-largest hardware chain and Lowe’s is second-largest hardware chain in U.S. and Globally. They both have about the same number of store, but The Home depot is more profitable than Lowe’s. If you compare a Home depot revenue, operating income and free cash flow Lowe’s only generates about half of a what home depot is generating. That’s because Home depot leans more toward the professional contractor – who buy higher value items and Lowe’s leans more toward the homeowner. The Home Deport current Ratio is 1.32 and Lowe’s 1.0 that means that Home Depot has 1.32 to cover there $1.00 liabilities, and Lowe’s has 1.0 cover $1.00 liabilities.

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Compare And Contrast Home Depot And Lowe's Annual Report

1050 Words | 5 Pages

Annual Reports and Press releases The annual reports and press releases of both companies slightly differ though with a portion of similarity. Although, Home Depot’s annual report is composed at the headquarters of giving an inclusive report on all of the retail stores in the world, through the company’s website these reports posted can be found. Therefore, this being impartial and all-inclusive to an extent of analysis it would have to be done on the contrasts, similarities, profitability, and performance of different retail stores in different regions or countries. However, the shareholders and customers analyze the summary provided to know the general performance.

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775 Words | 4 Pages

Home Depot is expanding rapidly within the USA but not internationally. Even though it has opened some stores in Canada and Mexico, 90% of the market is located in the USA (Dalavagas, 2015). The other weakness for Home Depot is the legal issues. Over the years HD has had many class action lawsuits. For example, in 2015, the company paid 1.8 million settlements for violating the Credit Reporting Act (LaFreniere, 2016).

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370 Words | 2 Pages

When I wish to do home improvement or purchase home materials, I think of Lowes or Home Depot. I also think about Sherwin Williams, Builder’s Supply, and Ace Hardware. While I was looking for further information on Lowes, I discovered that Lowes has done a great job and is number two in the home improvement industry. To be truthful, my class project for my Financial Statement Analysis was on Home Depot and Lowes. I got a good idea about where Lowes was financially, but I thought I’d like to know more about their business side as well.

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Companies all over the globe will experience some sales and profit decrease. Home Depot in the growing housing industry benefited greatly from the houses being built. The accounting concept portrayed in this situation for home depot is called operating leverage. Operation leverage is when managers view a small change in revenue and magnify it to dramatic changes in revenue (Edmonds, Tsay, & Olds, 2011). With a decrease in the market for construction materials, Home Depot is experiencing a 3% decrease revenue and a 21% decrease in profitability.

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Home Depot is a multi-million dollar industry, with over 2,000 stores around the world. They supply contractors with tools and products to build a house or supply Do-It-Yourselfers with home and business improvements. But with all the good Home Depot has done, they have their faults too. Home Depot has faced job cuts, ethical violations and the mistreatment of their customers. When a person hears job cuts, they assume that the reason for the job cuts is downsizing.

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While choosing a saw to purchase, products are presented with their shipping information and availability in the nearest store. Therefore, customers might reconsider in buying certain items. Both companies have an adequate amount of information within each product. However, Home Depot’s design is not presented as efficiently as Lowe’s. The checkout page is not divided to steps.

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According to The Home Depot’s 2013 Annual Report, their product portfolio strategy is aimed at delivering innovation, assortment and value. A typical The Home Depot store stocks approximately 30,000 to 40,000 products during the year, including both national brand name and proprietary items. The Home Depot also offers over 700,000 products through The Home Depot and Home Decorators Collection websites. Throughout fiscal 2013, The Home Depot invested in their website to allow customers to more easily find and purchase an expanded array of products and provide them with flexibility and convenience for their purchases. Over 30% of The Home Depot online orders are picked up in a store, and many of The Home Depot customers research products online

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