Home Depot’s Do-It-Yourself Store Model Paid 36074% Stock Return
News from Investor’s Business Daily:

In 1978 Bernie Marcus and Arthur Blank were hardware executives with no jobs but a big idea.

The two men had been fired from a hardware chain owned by Daylin Inc., a retailer being steered out of bankruptcy by the late turnaround specialist Sanford Sigoloff. But they had something else in mind that turned out to be bigger and better. Marcus and Blank joined with investment banker Ken Langone and merchandising guru Pat Farrah to pursue a vision of a one-stop home-improvement store for the do-it-yourselfer. On June 22, 1979, they opened their first two Home Depot (HD) stores in Atlanta.

What followed was nothing less than a revolution in the home-improvement market, as Home Depot rolled out mega-stores stocking thousands of plumbing, paint, electrical and other products. Home Depot grew to become the sixth-largest retailer in the world, with 2,26…………… continues on Investor’s Business Daily

… Read the full article
.

Related News: