World's Largest Home Improvement Retailer, Home Depot sets world record

November 13, 2024

Cobb County, Georgia, United States--The Home Depot, Inc. (NYSE: HD), an American multinational home improvement retail corporation that sells tools, construction products, appliances, and services, including fuel and transportation rentals, reported revenues of $157,403 million for the fiscal year ended January 2023, thus setting the world record for being the World's Largest Home Improvement Retailer, according to the WORLD RECORD ACADEMY.

"When The Home Depot was founded in 1978, Bernie Marcus and Arthur Blank had no idea how revolutionary this new “hardware store” would be for home improvement and the retail industry," the official website says.

"Today, we’re proud to be the world’s largest home improvement retailer. In more than 2,300 stores across North America, we aspire to excel in service – to our customers, associates, communities and shareholders. That’s what leadership means to us. That's The Home Depot difference."

"Our founders' vision of one-stop shopping for the do-it-yourselfer came to fruition when they opened the first two Home Depot stores on June 22, 1979, in Atlanta, Georgia," the official website says.

"The first stores, at around 60,000 square feet each, were cavernous warehouses that dwarfed the competition and stocked 25,000 products, much more than the average hardware store at that time.

"Today, The Home Depot is the world's largest home improvement retailer with approximately 475,000 orange-blooded associates and more than 2,300 stores in the U.S., Canada and Mexico.

"The typical store today averages 105,000 square feet of indoor retail space, interconnected with an e-commerce business that offers more than one million products for the DIY customer, professional contractors, and the industry's largest installation business for the Do-It-For-Me customer."

"The Home Depot Inc, Lowe's Companies Inc, Inter IKEA Holding BV, Walmart Inc, and Groupe Adeo SA are the top 5 home retailers in the world in 2021 by sales.

"Cumulatively, the top 10 home retailers in the world generated retail sales of $448,161 million, where the highest retail sales were generated by The Home Depot Inc ($149,073 million), followed by Lowe's Companies Inc ($93,928 million) and Inter IKEA Holding BV ($52,453 million), while the lowest retail sales were generated by JD.com Inc ($14,675 million)," the GlobalData.com reports.

"The United States of America-based The Home Depot Inc is the leading home retailer in the world (by retail sales). The company reported revenues of $157,403 million for the fiscal year ended January 2023 (FY2023), an increase of 4.13% over FY2022.

"The company is a retailer of home improvement products. It offers various products, including building materials, home improvement supplies, hardware, electrical products, kitchen and bath products, flooring and paint products, appliances, and lawn and indoor and outdoor garden products. The company classifies its products into three categories: Building Materials, Decor, and Hardlines, and employs 490,600 people."

"In 2023, the sales of the leading five home improvement retail (public) companies worldwide reached around 300 billion U.S. dollars together," the Statista says.

"That year, Home Depot was the largest global home improvement retail company with sales amounting to nearly 152 billion U.S. dollars."

"The Home Depot is the world's largest home improvement specialty retailer. At the end of the first quarter, the company operated a total of 2,324 retail stores in all 50 states, the District of Columbia, Puerto Rico, the U.S. Virgin Islands, Guam, 10 Canadian provinces and Mexico," the Kevel.com says.

"The company employs approximately 475,000 associates. The Home Depot's stock is traded on the New York Stock Exchange (NYSE: HD) and is included in the Dow Jones industrial average and Standard & Poor's 500 index. The Home Depot is #17 on the 2022 Fortune 500."

"The Home Depot, Inc. is an American multinational home improvement retail corporation that sells tools, construction products, appliances, and services, including fuel and transportation rentals.

"Home Depot is the largest home improvement retailer in the United States. In 2021, the company had 490,600 employees and more than $151 billion in revenue. The company is headquartered in unincorporated Cobb County, Georgia, with an Atlanta mailing address." (Wikipedia)

"Home Depot operates many big-box format stores across the United States (including the District of Columbia, Guam, Puerto Rico and the U.S. Virgin Islands); all 10 provinces of Canada; and all 32 Mexican states and Mexico City. (Wikipedia)

"Maintenance, repair, and operations company Interline Brands (The Home Depot Pro) is also owned by The Home Depot, with 70 distribution centers across the United States.[5] It is the sixth largest United States–based employer globally."

"The Home Depot is an American home improvement retailer and the largest home improvement retailer in the world," the Capital One Shopping says.

The Home Depot’s 2023 total company revenues were $151.6 billion.
The Home Depot’s international-only revenues in 2023 totaled $9.61 billion.
The Home Depot operates 2,326 stores in 6 countries.
94% of the Home Depot’s sales take place in the United States, where it holds a 2.52% share of the retail market.