The Home Depot To Open First Manhattan Store On Friday

The Home Depot To Open First Manhattan Store On Friday

“Board-Cutting” Ceremony with Mayor Bloomberg, Chairman & CEO Bob Nardelli Planned for Tonight


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NOTE TO EDITORS: High-resolution images are available at: http://www.hispanicprwire.com/index_in.php

Atlanta, GA–(HISPANIC PR WIRE)–September 9, 2004–The Home Depot(R) will open Manhattan’s largest home improvement store tomorrow morning, bringing 105,000 square feet of distinctive merchandise and expert advice from 300 associates to the borough’s residents. Located at 23rd Street between Fifth and Sixth Avenues, the multi-level store will offer a range of innovative products, daily how-to clinics, same-day delivery and a full-time concierge. Mayor Bloomberg and The Home Depot’s Chairman, President & CEO, Bob Nardelli, have planned a board-cutting ceremony this evening for community representatives, and tomorrow at 7 a.m. the world’s largest home improvement retailer opens for business in Manhattan.

“Our new Manhattan location is a retail marvel and proof positive that The Home Depot continues to break the mold in how we approach new formats, new markets and new customers,” said Bob Nardelli. “Since 2001, The Home Depot has invested nearly $14 billion in new store construction, modernization and technology to bring distinction, innovation and convenience to consumers. We look forward to serving this new community and making it easy and affordable for Manhattan residents to express their unique style at home.”

“The Home Depot’s new flagship location in Manhattan was custom built for the borough’s residents, and Manhattanites most certainly will benefit from this first major home improvement retail store,” said Mayor Michael R. Bloomberg. “The Home Depot has created more than 300 jobs for New Yorkers – with 300 more to be added when the second store opens later this year. I want to thank The Home Depot – a great new neighbor – for its commitment to the community and dedication to improving everything it touches.”

Based on extensive research, the company customized its new store to fit the needs and interests of Manhattan residents and has established product category leadership in a number of areas. Customers will find nine paint-mixing stations, the broadest selection of decorative cabinet hardware in the city and high-end appliances like GE Monogram(R). A specialized showroom will help customers visualize complete home improvement projects while working closely with design experts to plan and realize their dreams.

The new store will offer tool rental with delivery and pick up throughout Manhattan and an expanded key-making and locksmith service. Free how-to clinics will be offered three times each day in a state-of-the-art learning area that includes plasma screens. In addition, kiosks located throughout the store will enable customers to identify projects and print step-by-step instructions and a list of needed project materials. Store hours are from 7 a.m. until 9 p.m. Mondays through Saturdays and from 8 a.m. until 7 p.m. on Sundays.

As part of its commitment to the Manhattan community, The Home Depot has partnered with New York Cares, an organization dedicated to providing hands-on volunteer service to New Yorkers in need. Through the partnership, The Home Depot will provide supplies, services and know-how necessary to complete a series of volunteer projects in Manhattan, including New York Cares Day and several garden and field refurbishment projects. In addition, the company has an ongoing relationship with Girls, Inc., an organization dedicated to the empowerment and education of young women. The Manhattan team conducted its first Team Depot project at Girls, Inc., of New York City on August 13 to refurbish and landscape the facility. The Home Depot Foundation has also given a $50,000 grant to the New York City Neighborhood Housing Services, which has developed more than 60,000 housing units since its inception. Next year, The Home Depot will work with KaBOOM! to refurbish a field or rebuild a playground in Manhattan.

The Home Depot currently operates 14 stores with approximately 3,900 associates in the New York boroughs and plans to open an additional Manhattan store in the Midtown area later this year.

Founded in 1978, The Home Depot(R) is the world’s largest home improvement specialty retailer and the second largest retailer in the United States, with fiscal 2003 sales of $64.8 billion. The company employs approximately 300,000 associates and has 1,806 stores in 50 states, the District of Columbia, Puerto Rico, eight Canadian provinces and Mexico. Its stock is traded on the New York Stock Exchange (NYSE:HD) and is included in the Dow Jones Industrial Average and Standard & Poor’s 500 Index. HDG

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CONTACT:

The Home Depot

Diana Garza

678.581.8674

The Home Depot To Open First Manhattan Store On Friday