Handy Dan

Handy Dan Home Improvement was an American home improvement store based out of New Jersey. It went out of business in May, 1989.

Bernard Marcus was CEO of Handy Dan in 1978 when he was fired along with company vice president Arthur Blank amid a corporate power struggle with Sanford C. Sigoloff, who led Handy Dan's owner at the time, Daylin Inc. Marcus and Blank went on to found Home Depot.[1]

Daylin was purchased by W. R. Grace and Company in 1979.[2] In 1986, Grace's retail home improvement division, which included Handy Dan and Channel Home Centers, was sold to the division's executives through a leveraged buyout.[3]

Handy Dan played a major role in getting Texas's religion-based blue laws repealed in 1984 by opening on Sunday and using white price stickers for goods that could be sold seven days a week, and blue price stickers for items that could not be sold on Sunday. [4]

References
  1. "Bernie Marcus & Arthur Blank". Entrepreneur. October 10, 2008. Retrieved February 10, 2021.
  2. "Grace Completes Purchase of Daylin". The New York Times. March 22, 1979. Retrieved February 10, 2021.
  3. "Grace Will Sell Home Centers". The New York Times. December 2, 1986. Retrieved December 29, 2009.
  4. "Home Channel News". Readers Respond: Handy Dan, Home Depot and Lowe's. Retrieved 2010-02-24.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.