Bernie Marcus, Co-Founder of Home Depot, Is Dead at 95

Published On Nov 5, 2024, 11:16 AM

Bernie Marcus, co-founder of Home Depot and a key figure in the home-improvement retail industry, passed away at the age of 95. He was instrumental in creating the big-box retail concept in 1978, targeting do-it-yourself consumers with larger store formats and lower prices. Home Depot grew rapidly under his leadership, becoming the world’s largest home-improvement retailer with over 2,300 stores and $150 billion in annual revenue.

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Stock Forecasts

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Following the news of Marcus’s passing, Home Depot may experience market volatility as investors react to the loss of a key figure in its history. However, the company’s strong fundamentals and established market position suggest that it will continue to perform well in the long term.

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