LA CONVERSATION ORIGINALE

The Home Depot

Acquired · · 3:35:02

Ben Gilbert discusses the retail experience behind Home Depot, its early pricing pitch, and the use of supplier payment terms to finance inventory.

The Home Depot
Acquired

En un coup d’œil

Moments clés3

Extraits courts et attribués, avec le contexte permettant de les vérifier. La conversation complète reste chez son éditeur.

Création d'entreprises

Home Depot’s founders brought retail experience

Extrait original

of the people who would go on to found Home Depot, none of them are like general contractors or grew up in the hammer manufacturing business. It's people who just knew retail.

Cet extrait ne contient pas de contexte supplémentaire. Consultez la conversation originale.

Création d'entreprises

Lower margins were part of Home Depot’s early pitch

Extrait original

The pitch is customers are going to love it because we're going to have the lowest prices. We're only going to make a 30% gross margin instead of what's industry standard in hardware retail at that time, 45%.

Cet extrait ne contient pas de contexte supplémentaire. Consultez la conversation originale.

Création d'entreprises

Supplier payment terms helped finance inventory

Extrait original

So this resulted in about half of The Home Depot's inventory at any given time actually being financed by the suppliers

Cet extrait ne contient pas de contexte supplémentaire. Consultez la conversation originale.

Source et méthodologie

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