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The Home Depot was founded in 1978, making it a relative newcomer in the world of retail megastores. The first two stores opened in Georgia in space leased from JC Penney's, and two more Atlanta stores quickly followed. The super-warehouse concept caught on and the company rapidly expanded across the United States. The average Home Depot store is 105,000 square feet and the largest, in Anaheim, California, is a whopping 205,000 square feet. The Home Depot has experimented with other concepts but most have either failed or been sold off.
In the years following the year 2000 the company experienced some controversy when the CEO, Robert Nardelli, received a compensation package not including stock options valued at $123.7 million, despite the poor showing of The Home Depot's stock in comparison to rival Lowes. In 2007 Nardelli resigned, receiving a golden parachute of $210 million. The two years that followed were hard on the company, as with the rest of the country, and during the downturn 54 stores nationwide closed, with several thousand employees being laid off. Revenue and income increased some in 2009, and at the end of 2009 The Home Depot was employing 322,000 people.
The Home Depot, like many other large retailers, is a ''union free'' employer. None of its employees are unionized. However, part time hourly employees, along with full time and salaried employees, all have access to a benefits package that includes medical and dental insurance, retirement savings plans, paid time off and stock purchase plans. Career options range from front line retail service to warehouse operation jobs to corporate and administrative positions. Currently on Hound there are 190 positions listed for The Home Depot, compared to 83 listings at Monster.com and 26 on Yahoo's hotjobs.
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