v3 Chapter 768： Arthur Blank's attitude

As soon as I entered, I saw a layout different from ordinary department store retail supermarkets.

Some shelves are very tall, at least two meters long, and most people can't reach them.

But there are all kinds of boards, water pipes and the like, and price signs on the shelves.

Because the plates, water pipes, etc. are placed, all aisles are also very large, close to two meters, which is more convenient for placement and transportation.

Of course, this is an area such as building materials. It is different when you go to other small and medium-sized tool areas, and they are more closely placed.

A box of screws, a wrench, screwdriver, tape measure, etc. are placed on the shelf.

In addition, there are paints, brushes, glues, etc.

Anyway, with building materials, home improvement, gardening, etc., there are everything here, the varieties are very complete, it is like a large wholesale home building materials market.

Of course, it is the elite model of Home Depot to build an intensive hypermarket with a variety of products and price advantages.

Xia Yu wandered inside the Home Depot mall, and another impression was that the passenger flow was much less than that of ordinary supermarkets.

However, it is normal to think about it. Different products are sold, and customers' purchase methods and time consumed are also different.

Xia Yu took a few subordinates and bodyguards, wherever he went, there were a group of people, which naturally attracted the attention of many people. The agile staff quietly reported to their superiors and suspected that a super client had come.

They bring bodyguards when they go out, and they still walk around in the mall. The staff can't think about that.

After a while, a middle-aged white man with two subordinates appeared from a corner and walked towards Xia Yu and others.

At the reminder of his subordinates, Xia Yu looked over, raised his brows slightly, and the corners of his mouth raised slightly.

He recognized the person who took the lead. He just finished reading the photos today. It is another of the founders of Home Depot, Arthur Blank, who is also the CEO of Home Depot.

"Hello, gentleman, what can I do for you?"

Arthur Blank stopped in front of Xia Yu and asked with a smile.

Xia Yu smiled slightly, nodded and said, "Of course, Mr. Arthur Blank!"

Arthur Blank was a little surprised. He didn't expect to be recognized by Xia Yu all at once. He recalled his memory and seemed to have never contacted any Asian.

Arthur Blank asked with a raised eyebrow: "This gentleman, I wonder if you are?"

Xia Yu smiled and said, "My name is Xia Yu, and I am the chairman of Polaris Capital."

"Our company's business is mainly to invest in companies with potential! This time I just passed by here, and I saw your company holding a product knowledge and skill seminar. If I was curious, I would come and have a look."

As soon as the words fell, Arthur Blank looked surprised and immediately smiled and shook hands with Xia Yu: "Mr. Xia, hello, welcome to you!"

"Mr. Blank, hello!"

Xia Yu looked at Arthur Blank with a smile and asked, "Mr. Blank, is it convenient for you to show us around? In San Francisco and New York, although there are shops such as tools and building materials, I just saw Now, your store seems to be very different from those traditional stores."

Although not a major customer, Arthur Blank was of course very happy to face the request of the chairman of the capital investment company.

He welcomes capital very much. After all, to open such a hypermarket, the capital needed is too much, and he is able to open the company and capital is indispensable.

Rejecting capital is ruining one's own future. After all, if the opponent accepts the support of capital, he can definitely come from behind and crush oneself.

At the beginning, after he and Bernie Marcus were fired from the hardware department of the original group, they used their savings to set up the Home Depot Company. They also looked for investors everywhere, including a supplier of home building materials. In total, hundreds of people were found to get the funds.

When they first opened the store, because the store was very large, they did not have enough funds to buy goods that could fill all the shelves. They also found a pile of empty cardboard boxes with dealer logo stickers from the dealer, and then put the empty cardboard boxes Going to the top of the shelf makes consumers feel that the Home Depot mall really has a lot of inventory.

Although I have passed that stage temporarily, there are still big shortcomings in the inventory. Now the company is trying its best to use the current status and future of hot sales to stabilize the dealers, otherwise the Home Depot company can credit so much goods.

Warehousing and inventory are a large part of retail costs.

If there is enough capital, Home Depot will definitely be able to quickly catalyze it.

He and Bernie Marcus were able to accept more than one hundred investors, which naturally showed his welcoming attitude towards capital.

Next, he took Xia Yu to stroll around in the mall. When answering Xia Yu's questions, he also described the advantages and development model of Home Depot, and wanted to show the most attractive side of Home Depot.

Throughout the process, Xia Yu seemed very patient, and from time to time he admired the Home Depot company's model, which made Arthur Blank feel good.

Before they knew it, everyone came to Arthur Blank's office and took a break for coffee.

"Mr. Xia, I have a certain understanding of Atlanta Capital Corporation. It seems that I have never seen your company before."

Arthur Blank asked euphemistically, looking straight at Xia Yu.

Xia Yu heard the words, put down the cup, and smiled calmly: "Mr. Blank, my company is not in Atlanta, but in San Francisco. It's normal if you haven't heard of it. I also came to Atlanta this week."

"I just invested 50 million US dollars in Turner Broadcasting Company a few days ago. Of course, this news is not known from the outside. Please keep it secret."

Arthur Blank's eyes widened and he asked incredulously: "50 million dollars to invest in Turner Broadcasting Company?"

As an entrepreneur, newspapers are a must, and Turner Broadcasting Company is Atlanta's media giant, it is difficult for him to understand.

It is precisely because of knowing too much about Turner Broadcasting Company that Arthur Blank could not believe it.

Now even ordinary citizens are not optimistic about Turner Broadcasting Company, thinking that Ted Turner has gone the wrong way, waiting for him to hit the wall.

But now I suddenly learned about this news, it is too hot, if it spreads out, it will definitely cause a huge public opinion sensation!

Of course, he will not say to the outside world, now he is more concerned about the strength of Polaris Capital.

If you can easily take out 50 million dollars to bet on Turner Broadcasting Company, your strength is definitely strong. These 50 million dollars are enough to buy two or three Home Depot companies.

After all, Home Depot now owns three shopping malls, and the monthly net profit earned for the company is only about 150,000 US dollars. It is estimated that it is less than 2 million US dollars in net profit in a year.

But like retail companies, as long as they are properly managed, they rely on scale to make profits. The larger the scale, the lower the ratio of compressed costs, the higher the profitability and the larger the scale of profitability.

If Home Depot had enough capital, he would have expanded in big strides long ago, which is like using revenue and loans to slowly open new stores.

Arthur Blank nodded earnestly and promised: "Mr. Xia, don't worry, I will keep this secret!"

After speaking, Arthur Blank asked with concern: "Mr. Xia, your Polaris Capital Company is so strong, which areas do you generally invest in?"

Xia Yu glanced at him and said calmly: "Because the company has relatively abundant funds, there is no limit to which field to invest in As long as it is a company with potential to invest, and it is determined to invest in it, it is generally We are not interested in fighting for small goals, starting at 10 million dollars. Last month, we just invested 170 million dollars in a company called Genentech."

Xia Yu performed the same trick again, deliberately showing the strength of Polaris Capital.

However, as the saying goes, one trick is eaten all over the world.

No matter how old you are, the key is to use it!

Sure enough, Arthur Blank was startled again, of course, an information point that Xia Yu deliberately said also made him frown.

That's a ten million dollar investment!

This is how to do?

The value of Home Depot today is less than $20 million. Even if Polaris Capital has guaranteed a minimum investment of 10 million, the company will have to change its name to Polaris.

After all, when the Home Depot Company was founded, they had already received too much capital. Although it was scattered, many of which were investment from suppliers, this could not change the fact that most of the company's shares were in the hands of other shareholders.

He and Bernie Marcus’s combined equity is only 52%!

Can be the control company!

Of course, although there are many shareholders, their holdings are very scattered, which poses no threat to them.

But once the equity is concentrated in one family, it is dangerous for them!

Thinking of this, Arthur Blank gradually calmed down.

Although Home Depot needs capital investment and Polaris Capital is strong enough, the disadvantages and risks are too great!

No matter how much he needs funds, it is impossible to sell the company?

The company is not its own, so what is the use of more investment?

He and Bernie Marcus have only been struggling to start a business for two years and are planning to run the company wholeheartedly.

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