Throwback Thursday: An Orange Beginning
The first Home Depot stores opened in Atlanta in 1979.
The July 16, 1979 issue of National Home Center News, the forerunner of HBSDealer, reported that the “no-frills home center has come to Atlanta” in the form of two, 60,000 sq. ft. stores.
The headline reads: “Marcus moves on Atlanta with no-frills Home Depot,” referring to CEO Bernard Marcus, a co-founder along with Arthur Blank and Pat Farrah.
And that’s where it all began.
The article contains the following legitimately historical quotes from Marcus:
- “We’ve done something here that’s never been done before, and our operation is going to allow us to maintain a competitive pricing schedule throughout the store.”
- “We want the Home Depot to look and feel like a warehouse. We want them to know all at once what we have to offer here.”
- “Except for automotive, which is a convenience category, we’re looking for dominance. We believe if you are supposed to stock an item, you’d better have it.”
The Home Depot celebrated its 40th anniversary in a bell-ringing ceremony at the New York Stock Exchange recently. Here’s the video.
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