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12 March 2007

Home Depot Named gia World Honoree

It seems that the DIY craze is paying off for US based Home Depot. They were recently named the gia World honoree. Gia World is the Global Innovator Award, this one being presented by the International Home and Housewares show.

Home Depot received this award due to its operations performance, business innovation, product breadth, and community contributions where it does business. I guess that the amount of mom and pop hardware stores that it puts out of business do not factor into the equation. Love it or hate it, the super-retailer is king in America.

The jurors were quoted as saying that the Home Depot won due to its outstanding product breadth and innovative programs. Not only did the Home Depot have another outstanding fiscal year, but they also support the community and charitable causes.

Gia World is a program that honors retailing excellence around the world. It is co-sponsored by the International Housewares Association and Euromonitor International. The International Housewares Association is a 69 year-old not-for-profit association that is the voice of the housewares industry. The housewares industry is a $301.2 billion USD global industry. Euromonitor international is the world’s leading provider of retail business intelligence and strategic market analysis.

Comment below on whether or not you think that large retail stores are good for communities or bad.

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