Each store’s vaunted independence was making the company as a whole highly inflexible, unable to take advantage of economies of scale. Rapid expansion had stretched cash flow, inventory turns, profits, and store manager ranks thin. And, as Nardelli himself acknowledges, the last thing anyone wanted was an outsider who would “GE-ize their company and culture.”īut despite its glossy high-growth exterior, Home Depot was standing on shaky financial footings. Talk about a shock: No one expected Marcus and Blank, both in their fifties, to leave. The company moved a record 1.2 billion cubic feet of products through its delivery network and achieved record sales of $132.1 billion, according to the release.What could be harder than turning around a seemingly wildly successful company by imposing a centralized framework on a heretofore radically decentralized, anti-establishment, free-spirited organization? That was the challenge GE alumnus Robert Nardelli faced when he abruptly succeeded Home Depot’s popular founders, Bernie Marcus and Arthur Blank, as the top executive in December 2000. In its fiscal 2020 year, the Home Depot’s digital platform sales increased 86%, with more than half of online orders fulfilled through stores.

“We’re excited to welcome The Home Depot as Walmart GoLocal’s first retail client and look forward to helping power their local delivery efforts.” “We’re honored to work with The Home Depot in our shared goal of making fast and reliable local delivery available in every community we serve, including rural and suburban areas, where we both have a strong retail presence,” said John Furner, president and CEO, Walmart U.S. Home Depot is the first retail client of Walmart GoLocal. In August, Walmart launched Walmart GoLocal to partner with “businesses of all sizes” to deliver their products. “This partnership brings us even closer to our goal of offering same-day or next-day delivery to 90% of the U.S. “The Home Depot is continuously working to give customers the most convenient shopping experience in home improvement, and that includes providing a wide range of fast and reliable delivery options,” said Stephanie Smith, senior vice president of supply chain for The Home Depot.

Home Depot customers will be able to receive same-day and next-day deliveries on smaller, home-improvement-type products, such as nails and paint brushes, from select Home Depot locations with the company planning to expand the service to multiple markets by the end of the year. ATLANTA-The Home Depot said it has hired Walmart to deliver select merchandise to customers doors via Walmart’s GoLocal delivery platform.

Ed store manager home depot