If You Had Invested $1,000 in Home Depot's IPO, This Is How Much You'd Have Now
Most investors know that Walmart is the world's biggest brick-and-mortar retailer, but you might be surprised to learn that Home Depot (NYSE: HD) is second behind Walmart in terms of its market cap with a valuation of roughly $231 billion today.
The home-improvement specialist is the U.S.'s second-most valuable brick-and-mortar retailer and dominates its sector. In terms of market cap, it's more than twice the size of rival Lowe's.
When they launched the company in 1978, Home Depot's founders followed a strategy popular among mass merchandisers today and offered a wide assortment of goods, low prices, and good customer service. Its first stores in the Atlanta area were significantly bigger than those of its competitors, which helped drive the company's initial momentum and positioned its brand as a one-stop-shop for home improvement.
Source Fool.com
