The Founding of Home Depot: Background information when reading Abundance

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Abundance

by Jakob Guanzon

Abundance by Jakob Guanzon X
Abundance by Jakob Guanzon
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  • Published:
    Mar 2021, 328 pages

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Book Reviewed by:
Rory L. Aronsky
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About this Book

The Founding of Home Depot

This article relates to Abundance

As he passes the lumber and rounds into a lane full of bagged cement, the logic behind the division of inventory dawns on him. The contractors' half of the store holds all the fundamental elements for building a home, all of which later get concealed by the ornaments for sale on the other side, all the paints, light fixtures, moldings, carpets.

—Henry, inside a Home Depot in Abundance

In 1978, Handy Dan Home Improvement's president and chairman of the board Bernie Marcus and CFO Arthur Blank were fired by the chain's new ownership. Not the kind to brood too long, they soon came up with a business plan to improve upon what Handy Dan offered to customers. 30,000 to 40,000 square feet for selling products? Child's play. How about a 60,000-square foot warehouse space offering a lot more choices for those who want to better their homes? The mom-and-pop stores of the day had limited selections of merchandise geared more toward the professional contractor than the average homeowner...

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