Before we start, we want to say they are impressive. The average store is 105,000 square of indoor retail space. Bear in mind the first store they opened was 60,000 square feet, opened on June 22, 1979, in Atlanta, Georgia. That tells you about their incredible growth over the years.
Facts About Home Depot Statistics
Here are some Home Depot Statistics to know:
They are the largest home improvement retailer in the world and have 2,303 stores (including México and Canada) and had 132. 1 billion in revenue in 2020. It was founded in 1978 by Bernie Marcus and Arthur Blank (who, by the way, probably didn’t know the wave they were getting into). They have approximately 500,000 associates (or employees) and more than 35,000 products in stores and more than one million online. Team depot volunteers impacted fifty thousand veteran homes and facilities. More than one billion in success sharing in the past three years. And finally, but not least, they have pledged to have 100% renewable electricity in all their stores by 2030.
While some companies closed, they grew to unimaginable heights. Interesting to note is that their revenue in 2019, was 110.2 billion dollars. That means they incremented their earnings in 2020 by more than 20 billion dollars. Maybe, just maybe, during this pandemic people started working harder on their houses. Happily, for the Home Depot.
Eco-Aware
They are doing a lot of things to save the planet as well. For example, across the United States stores, they have cut electricity use by 44% since 2010. They had the aim to reduce their electricity by 20%. They surpassed their expectations by double. Furthermore, they are betting big on solar and wind electricity to remove fossil fuels altogether.
Therefore, if you want something for your house and you live in North America, basically, you go to The Home Depot. It is not complicated.
Circularity
Circularity is the concept of never producing waste. All you use, you use again, never leaving debris behind. This is not a flawed concept with all the trash we produce every year. Well, The Home Depot is looking for ways to implant this process in all of its stores. Think about it: no more trash, no more pollution.
Can You Buy Stocks?
Yes, you can. The Home Depot’s stock is on the New York Stock Exchange. And, from the looks of it, it looks like a safe bet. As a matter of fact, their stock was constantly rising in 2021 because everybody was looking to improve their house. With so much time to do things and so much time at home, you probably incubate too many projects. And where else should you go, but to the Home Depot?
In 2021, their earnings rose again compared to the revenue of 2020. In the third-quarter earnings report, they said they had 36.8 billion. That is well above the 34.95 billion that was expected of them.
Home Depot is one of the many retailers in the United States to have acquired their container ships. This, to secure their goods and avoid delays. With the increase of demand, and a pandemic among us, they had to move, and they moved correctly.
Conclusion
The Home Depot is on the rise; as a matter of fact, their raise may be over, we might be late, the pandemic is near its end. Still, the numbers are there. It is a company that is constantly growing. In México, for example, they have grown nonstop for fifteen consecutive years. And more houses are being built every year, so do check them out.
What Are They Doing About The Environmental Impact Of The Products Sold At The Home Depot?
As all they pollute comes from the products they sell, they emphasize manufacturing, chemistry, packaging, and distribution. They also encourage their customers to buy more eco-friendly products from their stores.
In Its Near-Term Potential, What Excites Them The Most About The Sustainability Trends?
Circularity, to begin with. And it is not a small thing. With so many years of experience manufacturing stuff, they know all about what can be reused, repurposed, and recycled to make way to new things.
How Does Home Depot Deal With The Waste?
They are not alone; with the help of their suppliers, they are looking for ways to be more efficient and reduce waste. For example, their partnership with Trex. They send the wasted plastic to them (this includes 8000 tons of plastic shrink every year), making it into decking that does not need wood.
