Handy Dan Home Improvement was an American home improvement store based out of New Jersey. It went out of business in May, 1989.[1]
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Handy Dan played a major role in getting Texas's religion-based blue laws repealed in 1984 by opening on Sunday and using white price stickers for goods that could be sold seven days a week, and blue price stickers for items that could not be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
- ^ "Bernie Marcus & Arthur Blank". Entrepreneur. October 10, 2008. Retrieved February 10, 2021.
- ^ "Grace Completes Purchase of Daylin". The New York Times. March 22, 1979. Retrieved February 10, 2021.
- ^ "Grace Will Sell Home Centers". The New York Times. December 2, 1986. Retrieved December 29, 2009.
- ^ "Home Channel News". Readers Respond: Handy Dan, Home Depot and Lowe's. Retrieved 2010-02-24.[dead link]
This page was last edited on 11 July 2022, at 03:58