Content about Home Depot

June 11, 2013
Home Depot focuses on supply chain, Internet

Executives from The Home Depot told attendees at an analyst meeting in New York on Monday that the company is focusing on improving its supply chain and Internet operations and expects a moderate recovery in the U.S. housing market.

Atlanta -- Executives from The Home Depot told attendees at an analyst meeting in New York on Monday that the company is focusing on improving its supply chain and Internet operations and expects a moderate recovery in the U.S. housing market. Roughly $450 million of Home Depot’s $1.5 billion capital spending budget for the current fiscal year is slated for IT projects.

In addition, Home Depot is also attempting to improve store productivity and is piloting five paint stores in the Chinese market.

 

June 3, 2013
Canadian DIY-ers prefer Home Depot over Canadian Tire

A new study from Kantar Retail and TNS revealed that shoppers prefer The Home Depot over Canadian Tire, Rona and other DIY retailers when shopping for home improvement items and do-it-yourself projects.

Boston -- A new study from Kantar Retail and TNS revealed that shoppers prefer The Home Depot over Canadian Tire, Rona and other DIY retailers when shopping for home improvement items and do-it-yourself projects.  

In the April 2013 survey, Canadian shoppers rated top DIY competitors on a variety of attributes, including assortment, price, service, and community appeals.  



May 30, 2013
Home Depot to hold more than 700 in-store hurricane workshops

The Home Depot announced a single-day effort to prepare residents in storm-prone regions for the upcoming hurricane season.

Atlanta -- The Home Depot announced a single-day effort to prepare residents in storm-prone regions for the upcoming hurricane season. On July 27, Home Depot said it will host Hurricane Preparedness Workshops at more than 700 of its stores from the Gulf Coast to New England.

The expansion of the workshops is one of several preemptive measures the company is taking in preparation for 2013 hurricane activity, which is once again predicted to be above average.

May 21, 2013
Home Depot sales, earnings rise

The Home Depot reported sales of $19.1 billion during first quarter fiscal 2013, a 7% increase from $17.8 billion in the same quarter of 2012.

Atlanta – The Home Depot reported sales of $19.1 billion during first quarter fiscal 2013, a 7% increase from $17.8 billion in the same quarter of 2012. Home Depot credited $574 million of this $1.3 billion increase to the addition of an extra week to the first quarter of this year. Net earnings rose 20%, from $1 billion to $1.2 billion.

May 7, 2013
Brand Value: Some Lose Their luster

One hundred and forty one billion dollars. That's the estimated brand value of Walmart, according to Interbrand's "Best Global Brands" report. The annual study ranks the 50 most valuable U.S. retail brands, along with the top store brands in countries around the world.

April 22, 2013
Costco and IRI expand relationship
Information Resources (IRI), the exclusive provider of Costco point-of-sale and inventory information to the manufacturer community, and Costco Wholesale announced several enhancements to their Costco Collaborative Retail Exchange (CRX) program, a single, global solution for category, POS and supply chain tracking at Costco, and the launch of Costco CRX Mexico.

New York -- Investment firm Starboard Value, Office Depot’s largest stockholder with a 14.8% stake, revealed Monday it has delivered a letter to the office supply retailer’s board of directors, expressing “strong disappointment at the board's failure to work constructively with Starboard to reconstitute the board.

April 22, 2013
Office Depot shareholder redoubles efforts to change board

Investment firm Starboard Value, Office Depot’s largest stockholder with a 14.8% stake, revealed Monday it has delivered a letter to the office supply retailer’s board of directors, expressing “strong disappointment at the board's failure to work constructively with Starboard to reconstitute the board.”

New York -- Investment firm Starboard Value, Office Depot’s largest stockholder with a 14.8% stake, revealed Monday it has delivered a letter to the office supply retailer’s board of directors, expressing “strong disappointment at the board's failure to work constructively with Starboard to reconstitute the board.”

In March, Starboard nominated six candidates, including former Home Depot chief Robert Nardelli – to Office Depot’s board in an effort to strengthen the company’s direction.

April 11, 2013
Men who sawed arms in Home Depot in critical condition

A man who deliberately cut his arms using saws in the aisles of a Home Depot store in suburban Los Angeles on Wednesday is in critical condition, according to media reports.

New York -- A man who deliberately cut his arms using saws in the aisles of a Home Depot store in suburban Los Angeles on Wednesday is in critical condition, according to media reports.

The man, whose man has not been released, was in the store's tool section when he grabbed several handsaws and began cutting into his upper arms. Panicked customers called 911.

The man was in surgery hours after the incident.

 

March 21, 2013
Walmart tops list of most valuable U.S. retail brands; Macy’s, Amazon biggest risers

Walmart holds on to the top spot in the annual ranking of the 50 most valuable U.S. retail brands from branding consultancy firm Interbrand.

Dayton, Ohio -- Walmart holds on to the top spot in the annual ranking of the 50 most valuable U.S. retail brands from branding consultancy firm Interbrand. The discounter’s brand value is put at $141 billion (up 1% from the 2012 report.). By comparison, the second-highest ranked U.S. brand, Target Corp., has a value of $25 billion. The Home Depot is solid at number three, with a brand value of nearly $23 billion.

February 6, 2013
The Home Depot increases seasonal hiring for spring

The Home Depot plans to hire more than 80,000 temporary workers to help customers this spring, some 10,000 more than it hired last year.

Atlanta -- The Home Depot plans to hire more than 80,000 temporary workers to help customers this spring, some 10,000 more than it hired last year.
   
The move comes as the housing rebound spurs spending on remodeling and landscaping.
 

December 18, 2012
Home Depot selects Clear Demand for pricing solution

Clear Demand Inc. said that The Home Depot has licensed its next-generation pricing solution to support its commitment to pricing and analytics.

Scottsdale, Ariz. -- Clear Demand Inc. said Tuesday that The Home Depot has licensed its next-generation pricing solution to support its commitment to pricing and analytics.

November 27, 2012
Hedge fund adds former Home Depot, Staples execs to aid Office Depot fight

A Tuesday report by the Wall Street Journal said that activist hedge fund Starboard Value has added former Home Depot and Chrysler executive Robert Nardelli and ex-Staples vice chairman Joseph Vassalluzzo as advisors – part of Starboard’s plan to make sweeping changes at Office Depot Inc.

New York -- A Tuesday report by the Wall Street Journal said that activist hedge fund Starboard Value has added former Home Depot and Chrysler executive Robert Nardelli and ex-Staples vice chairman Joseph Vassalluzzo as advisors – part of Starboard’s plan to make sweeping changes at Office Depot Inc.

According to a Monday filing, Nardelli and Vassalluzzo will provide counsel toward improving Office Depot’s operations and strategies.

November 13, 2012
Home Depot Q3 profit tops estimates

An improved housing market boosted Home Depot in its latest quarter, as the home-improvement retailer reported that net income for the third quarter rose to $947 million from $934 million in the year-ago period.

Atlanta -- An improved housing market boosted Home Depot in its latest quarter, as the home-improvement retailer reported Tuesday that net income for the third quarter rose to $947 million from $934 million in the year-ago period.

Revenue climbed 4% to $18.13 billion, edging Wall Street’s estimated $17.92 billion in revenue. Same-store sales rose 4.3% in the U.S. and 4.2% overall.

October 30, 2012
Report: DIY major players deploy truckloads of supplies

New York -- A Tuesday report by the Wall Street Journal said that Home Depot and Lowe’s Cos. had deployed hundreds of truckloads of storm-recovery inventory Tuesday into areas impacted by Hurricane Sandy.

October 29, 2012
Home Depot finalizes acquisition of key supplier

The Home Depot said it has completed its merger transaction with U.S. Home Systems, an exclusive supplier of kitchen and bath refacing products to the home-improvement chain.

Atlanta -- The Home Depot said Monday it has completed its merger transaction with U.S. Home Systems, an exclusive supplier of kitchen and bath refacing products to the home-improvement chain.

The transaction was approved by the stockholders of USHS at a special meeting held on Oct. 26, and USHS’ common stock ceased trading on the Nasdaq at market close.

 

May 15, 2012
Home Depot profit climbs 27.5% in Q1, sales miss Street

Home Depot reported that profit for the first quarter rose a healthy 27.5% to $1.04 billion, aided by warmer weather during the period.

Atlanta -- Home Depot reported Tuesday that profit for the first quarter rose a healthy 27.5% to $1.04 billion, aided by warmer weather during the period.

Sales rose 6% to $17.81 billion from $16.8 billion, missing analysts’ forecasted $17.89 billion in revenue. The company boosted its 2012 outlook based on year-to-date performance. Same-store sales increased 5.8% in the quarter, with a strong 6.1% gain in the United States.
 

March 9, 2012
Former Home Depot chief leaves firearms post

Robert Nardelli, former Home Depot and Chrysler CEO, said he is stepping down from his current post as CEO of firearms maker Freedom Group.

Atlanta -- Robert Nardelli, former Home Depot and Chrysler CEO, said Friday he is stepping down from his current post as CEO of firearms maker Freedom Group.

Nardelli held the Freedom Group post for just two months before deciding to depart.

He said in a statement Friday that it was a good time for him to focus on his investment and consulting company, XLR-8 LLC.

Freedom Group said it expects to name a permanent successor for Nardelli soon.

February 29, 2012
Home Depot extends deal with Martha Stewart, will expand product line

The Home Depot and Martha Stewart Living Omnimedia have extended their agreement to offer Martha Stewart Living-branded products at Home Depot stores through 2016.

Atlanta -- The Home Depot and Martha Stewart Living Omnimedia have extended their agreement to offer Martha Stewart Living-branded products at Home Depot stores through 2016. The line launched in 2010.

The chain currently offers paint, outdoor furniture, kitchen and bath cabinetry and carpeting under the Martha Stewart brand currently. It plans to expand its product lineup with a new craft furniture line and more holiday merchandise.

January 23, 2012
More details on Home Depot, PayPal deal

John Donahoe, president and CEO of eBay, during a Jan. 18 earnings call expanded on the test of PayPal with retailer Home Depot.

New York City -- John Donahoe, president and CEO of eBay, during a Jan. 18 earnings call expanded on the test of PayPal with retailer Home Depot.

A division of eBay, PayPal is experimenting with extending its on-line payment system to point-of-sale retail locations. In the fourth quarter of 2011, it chose Home Depot as its first national retailer for a limited test at five stores. PayPal plans to widen the pilot to 51 stores in the Bay Area by the end of the month, Donahoe said.

January 9, 2012
Report: PayPal testing in-store payments at Home Depot

PayPal, which allows consumers to pay for goods online, is running a trial of in-store payments with Home Depot, Reuters reported. PayPay is a division of eBay Inc.

New York City -- PayPal, which allows consumers to pay for goods online, is running a trial of in-store payments with Home Depot, Reuters reported. PayPay is a division of eBay Inc.

A pilot program for PayPal's new POS, technologies is being run in five Home Depot stores and involves a "small number" of PayPal employees, according to the report.
 

November 15, 2011
Home Depot's Q3 profit up 12%

Home Depot Inc. reported that net income in the third quarter rose 12% to $934 million, compared with $834 million in the year-ago period.

Atlanta -- Home Depot Inc. reported Tuesday that net income in the third quarter rose 12% to $934 million, compared with $834 million in the year-ago period. Storm-related repairs and spending on home projects gave the home-improvement retailer a third-quarter boost.

Revenue rose 4% to $17.33 billion from $16.6 billion last year, beating Wall Street’s expected $17.11 billion in revenue.

Same-store sales rose 4.2% globally and 3.8% in the United States.

November 14, 2011
Target plans second CityTarget for Los Angeles

Target announced it will open a CityTarget store in the Westwood Market Place, Westwood, Calif., in July 2012.

Minneapolis -- Target announced it will open a CityTarget store in the Westwood Market Place, Westwood, Calif., in July 2012. The 98,000- sq.-ft. store will occupy a space that formerly housed Home Depot Expo.

The Westwood location is the second CityTarget store confirmed in the Los Angeles metropolitan area. Target previously announced that it would open a small-format, urban store at Figueroa and 7th in downtown Los Angeles in October 2012.

October 20, 2011
DDR announces new tenants at six former Borders locations

DDR Corp. said Thursday that six new national tenants will occupy former Borders locations in Puerto Rico, New Jersey, Georgia, Ohio and Missouri.

Beachwood, Ohio -- DDR Corp. said Thursday that six new national tenants will occupy former Borders locations in Puerto Rico, New Jersey, Georgia, Ohio and Missouri.

PetSmart's newest Puerto Rico store will be located in the former Borders location at Plaza Escorial, a 636,000-sq.-ft. power center in Carolina, anchored by Walmart, Sam's Club, Home Depot, Old Navy and Caribbean Cinemas. In 2010, DDR introduced PetSmart to Puerto Rico and this store marks the fourth PetSmart location in a DDR center on the island.

October 17, 2011
DDR to redevelop four shopping centers in Puerto Rico

DDR Corp. said Monday it will redevelop four shopping centers in Puerto Rico — Plaza del Sol and Rexville Plaza in Bayamon, Plaza del Norte in Hatillo and Plaza Escorial in Carolina.

Beachwood, Ohio -- DDR Corp. said Monday it will redevelop four shopping centers in Puerto Rico — Plaza del Sol and Rexville Plaza in Bayamon, Plaza del Norte in Hatillo and Plaza Escorial in Carolina. Total investment is more than $50 million.

August 30, 2011
Hurricane Irene’s retail losers include department stores and apparel retailers

While it may take some to fully assess the damage, the impact of Hurricane Irene on retail sales is likely to split among retail sectors:

New York City -- While it may take some to fully assess the damage, the impact of Hurricane Irene on retail sales is likely to split among retail sectors: Home-improvement stores selling emergency preparation products and clean-up items are likely to benefit the most from the storm, while apparel retailers and department stores selling non-essential items are likely to take a hit.