Business Summary of Home Depot

Declining mortgage rates have created a sizeable economic boost for the building and home improvement industry. The lower rates now allow more consumers to fulfill the old American dream of homeownership. To save money, many of these new homeowners willingly join the ranks of the “do it yourselfers” to tackle repair and improvement projects. Because of the active housing market and the correlating increased demand for building supplies and home improvement materials, suppliers such as Home Depot, Inc. appear to have a bright and promising future.
Home Depot, Inc. is classified as a home improvement retailer. Founded in 1978, the company is the world’s largest home improvement retailer and ranks among the ten largest retailers in the United States with fiscal 2002 sales of $53 billion. Its common stock, publicly traded since 1981, is listed on the New York Stock Exchange under the symbol “HD”. As of February 3, 2003 (fiscal year-end 2002), the Company operated 1,404 Home De...