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The Home Depot Pro, headquartered in Jacksonville, Florida, is a wholesale distributor and direct marketer of maintenance, repair and operations (MRO) products for non-industrial businesses in the United States. The Home Depot Pro distributes products such as HVAC, janitorial supplies, plumbing supplies, and security supplies.
Pearl Art and Craft Supply (formerly known as Pearl Paint) was a chain of art supply stores. Founded in 1933, Pearl was headquartered in Fort Lauderdale, Florida and had stores located throughout the U.S. including New Jersey, Florida, New York, and Massachusetts.
Traditionally, wholesalers were closer to the markets they supplied than the source from which they got the products. [3] However, with the advent of the internet and e-procurement there is an increasing number of wholesalers located nearer to the manufacturers in China, Taiwan, and Southeast Asia. The profit margins of wholesalers depend ...
The company leverages the resources and backing of its parent company, Nasdaq-listed PDD Holdings, which is a global e-commerce company with a vast network of suppliers and logistics partners.
The company also develops over a dozen private brands sold in Michaels stores, including Recollections, Studio Décor, Bead Landing, Creatology, and Ashland. [ 2 ] [ 7 ] As of January 2021, there were 1,252 Michaels stores in 49 out of 50 states in the U.S., and Canada, with approximately $5.362 billion in sales for fiscal 2020.
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