THE HOUSE Depot, Inc. may be the greatest do-it-yourself retailer in america, supplying tools, construction products, and services. The business is headquartered in unincorporated Cobb County, Georgia, with an Atlanta mailing address.
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It operates many big-box format stores over the United States (like the District of Columbia, Guam, Puerto Rico and the U.S. Virgin Islands); all 10 provinces of Canada; and the 31 Mexican states and Mexico City. MRO company Interline Brands (now THE HOUSE Depot Pro) can be owned by THE HOUSE Depot, with 70 distribution centers over the United States.
In 1979, the first two stores, built-in spaces leased from J. C. Penney which were at first Treasure Island “hypermarket” (discount department and grocery) stores, opened in metro Atlanta (in Doraville and on Memorial Drive in Decatur, both near I-285) on June 21. On September 22, 1981, THE HOUSE Depot went public on the NASDAQ and raised $4.093 million. THE HOUSE Depot joined the brand new York STOCK MARKET on April 19, 1984.
The original public offering of Home Depot stock was September 22, 1981.
The Home Depot commenced to branch out of Georgia to Florida in 1981 with stores opening in Hollywood and Fort Lauderdale. By 1984 THE HOUSE Depot was operating 19 stores with sales of over $256 million. To enter the Dallas market THE HOUSE Depot acquired Bowater Home Center from Bowater Inc. on October 31, 1984, for $40 million. The increased expansion of the house Depot in the mid-1980s created financial problems with earnings falling at 42% and debt rising to $200 million. The financial difficulties of the house Depot also caused the stock price to fall. To curb THE HOUSE Depot difficulties it opened only 10 stores in 1986 with a stock offering 2.99 million shares at $17 per share that helped THE HOUSE Depot to restructure its debts.