Is Home Depot poised for a remarkable comeback? The story of Home Depot’s humble beginnings is quite intriguing. Founded in 1978 by two individuals who were ousted from a rival company, the store initially struggled to attract customers. However, with a clever marketing strategy involving handing out dollar bills on opening day, the store quickly gained traction. Today, Home Depot is a behemoth in the industry, boasting $150bn in sales over the past year. With half a million employees who are deeply committed to the brand, Home Depot has become a household name. Its market value surpasses that of major players like Chevron and Netflix, solidifying its position as a retail giant. Could we be witnessing the resurgence of Home Depot’s “amazing era”? Only time will tell.
Source: www.economist.com