During the brutal real estate slump, Home Depot CEO Frank Blake has refocused the home-improvement chain on its core retail business, closing 15 underperforming U.S. locations in 2008, and halting plans for 50 new stores. Early in 2009, Blake announced Home Depot was shutting down its higher-end Expo chain, as well as other specialty outlets. Painful changes, yet they're paying off: Inventories were reduced by $1 billion in 2008 and profit margins increased slightly. Home Depot won't come roaring back until the housing market does, but the effect on sales (and HD's share price) then could be substantial. - M.C.
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|
$ millions |
% change from 2007 |
Revenues |
71,288.0 |
-15.9 |
Profits |
2,260.0 |
-48.6 |
Assets |
41,164.0 |
|
Stockholders' equity |
17,777.0 |
|
Market value (3/27/2009) |
40,083.1 |
|
Profits as % of |
|
Revenues |
3.2 |
Assets |
5.5 |
Stockholders' equity |
12.7 |
Earnings per share |
|
2008 $ |
1.34 |
% change from 2007 |
-43.5 |
1998-2008 annual growth rate % |
6.6 |
Total return to investors |
% |
2008 |
-11.6 |
1998-2008 annual rate |
-4.4 |
4 | Best Buy | 56 | 40,023.0 | 5 | Staples | 109 | 23,083.8 | 6 | TJX | 131 | 19,147.5 | 7 | Gap | 178 | 14,526.0 | 8 | Office Depot | 179 | 14,495.5 | 9 | Toys "R" Us | 192 | 13,724.0 | 10 | Circuit City Stores | 228 | 11,743.7 | 11 | BJ's Wholesale Club | 269 | 10,027.4 | 12 | Limited Brands | 290 | 9,043.0 | 13 | GameStop | 296 | 8,805.9 | 14 | OfficeMax | 313 | 8,267.0 | 15 | Pantry | 317 | 8,088.6 | 16 | TravelCenters of America | 332 | 7,658.4 | 17 | Bed Bath & Beyond | 355 | 7,048.9 | 18 | AutoZone | 380 | 6,522.7 | 19 | Ross Stores | 384 | 6,486.1 | 20 | Blockbuster | 450 | 5,287.9 | 21 | Foot Locker | 454 | 5,237.0 | 22 | Barnes & Noble | 455 | 5,235.3 | 23 | Advance Auto Parts | 461 | 5,142.3 | 24 | PetSmart | 468 | 5,065.3 | 25 | Big Lots | 498 | 4,645.3 | 26 | Dollar Tree | 499 | 4,644.9 | 27 | Neiman Marcus | 504 | 4,600.5 | 28 | Casey's General Stores | 516 | 4,429.3 | 29 | RadioShack | 534 | 4,224.5 | 30 | Dick's Sporting Goods | 541 | 4,130.1 | 31 | Susser Holdings | 558 | 3,966.4 | 32 | Michaels Stores | 571 | 3,817.0 | 33 | O'Reilly Automotive | 602 | 3,576.6 | 34 | Abercrombie & Fitch | 607 | 3,540.3 | 35 | Collective Brands | 620 | 3,442.0 | 36 | Burlington Coat Factory | 624 | 3,424.0 | 37 | Williams-Sonoma | 637 | 3,361.5 | 38 | Borders Group | 639 | 3,356.2 | 39 | Coach | 661 | 3,180.9 | 40 | Systemax | 683 | 3,033.0 | 41 | Tractor Supply | 684 | 3,007.9 | 42 | American Eagle Outfitters | 690 | 2,988.9 | 43 | Rent A Center | 706 | 2,884.2 | 44 | Tiffany & Co | 709 | 2,860.0 | 45 | HSN | 714 | 2,823.6 | 46 | Regis | 730 | 2,738.9 | 47 | Sally Beauty Holdings | 742 | 2,648.2 | 48 | Charming Shoppes | 747 | 2,630.7 | 49 | Cabela's | 764 | 2,552.7 | 50 | Fastenal | 813 | 2,340.4 | 51 | Brown Shoe | 828 | 2,276.4 | 52 | Zale | 845 | 2,194.6 | 53 | AnnTaylor Stores | 846 | 2,194.6 | 54 | Men's Wearhouse | 905 | 1,972.4 | 55 | Pep Boys | 917 | 1,927.8 | 56 | Jo-Ann Stores | 922 | 1,901.1 | 57 | Aéropostale | 929 | 1,885.5 | 58 | Urban Outfitters | 953 | 1,834.6 | 59 | Children's Place Retail Stores | 981 | 1,759.5 | 60 | PC Connection | 985 | 1,753.7 |
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