The Home Depot is a well known retailer of home improvement products. The company began in the United States, but now operates more than 2,200 stores in more than 5 countries. Home Depot is the largest home improvement retailer in the United States. The stores operate on a big-box format with large warehouse style buildings. The company reported revenue of just under $68 billion in 2011 and employs about 320,000 people. Its headquarters are located in Cobb County, Georgia. If you have ever wondered who founded this successful company, keep reading to find out.
Who founded The Home Depot?
Home Depot was founded in 1978 by Bernie Marcus, Arthur Blank, Pat Farrah and Ron Brill. Marcus and Blank were both top executives of Handy Dan Improvement Centers, but had a falling out with the boss of the company. They decided to start their own home improvement stores that would be larger than any other competitors. The investment banker Ken Langone helped them to raise the necessary funds and in 1979 the first two stores were opened. Ron Brill was also fired from Handy Dan Improvement Centers and joined with Marcus and Blank to become their first official employee. Pat Farrah started his own home improvement company called Homeco, with a similar idea to Home Depot, and when his business came into financing issues he was hired by Home Depot to help the company get off to the best possible start. Marcus Blank and Brill retired from the company in 2000.