Home Depot Base CaseBy Larry Dignan | Posted 2003-06-16 Email Print
Will a Home Depot technology overhaul fend off Lowe's?
Headquarters: 2455 Paces Ferry Road, Atlanta, GA 30339
Phone: (770) 433-8211
Business: Home improvement retailer focused on do-it-yourself customers and contractors. Company also offers installation services.
Chief Information Officer: Robert DeRodes
Financials in 2002: $58.25 billion in revenue, $3.66 billion in net income, net profit margin 6.3%.
Challenge: Update inventory tracking systems for the sales floor and behind the scenes. Remodel stores to better compete with rival Lowe's Home Improvement. Centralize operations to improve efficiency.
Net Income Per Year: $3.66 billion
Operating Profit Per Store: $3.8 million
Average Customer Purchase: $51.29
Inventory Turns Per Year: 5.1
Net Income Per Year: $1.47 billion
Operating Profit Per Store: $2.76 million
Average Customer Purchase: $58.26
Inventory Turns Per Year: 4.5
SOURCE: CIBC WORLD MARKETS