Blank: Home Depot concept arose by defining an uncompetitive retail model
Arthur Blank · Live Episode! The Home Depot: Arthur Blank · Dec 28, 2017 · at 13:24
Arthur Blank, co-founder of The Home Depot, discusses how he and Bernie Marcus conceptualized Home Depot after getting fired from Handy Dan.
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“Bernie had said, well, you know, if we were ever to leapfrog our own business, Handy Dan Home Improvement Centers, what kind of home improvement center store could we not compete against? And so we said we could never compete against the big warehouse, no frills, down market, low prices, great service, great services.”
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