Content about The Home Depot

May 21, 2013

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 21, 2013

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

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 11, 2013

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 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 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.
 

February 6, 2013

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.
 

February 1, 2013

The Home Depot Canada has joined other Canadian retailers in complying with the government's planned phase out of the penny.

Toronto -- The Home Depot Canada has joined other Canadian retailers in complying with the government's planned phase out of the penny.

However, the retailer noted that many Canadians were unaware of the phase-out, and wanted to ensure its customers that it is doing its best to inform them of the change. As of Feb. 4, the penny will no longer be in circulation.

February 1, 2013

The Home Depot Canada has joined other Canadian retailers in complying with the government's planned phase out of the penny.

Toronto -- The Home Depot Canada has joined other Canadian retailers in complying with the government's planned phase out of the penny.

However, the retailer noted that many Canadians were unaware of the phase-out, and wanted to ensure its customers that it is doing its best to inform them of the change. As of Feb. 4, the penny will no longer be in circulation.

December 18, 2012

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

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 27, 2012

By Kumar Venkataraman

Over the last decade, America’s Atlantic shores have faced the wrath of more than a dozen hurricanes, causing damage worth several billion dollars. Year after year, retailers have been learning and fine-tuning their strategies to respond to the critical needs of consumers in the impacted areas, both in preparing for a disaster and immediately after.

November 13, 2012

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.

November 5, 2012

Office Depot has been recognized in Newsweek magazine’s annual Green Rankings as the number one greenest large retailer in the United States for the third consecutive year.

New York -- Office Depot has been recognized in Newsweek magazine’s annual Green Rankings as the number one greenest large retailer in the United States for the third consecutive year. Across all industry sectors, Office Depot was ranked as America’s ninth greenest large company.

Here is Newsweek’s ranking of the 15 greenest U.S. retailers:

October 29, 2012

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.

 

October 29, 2012

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.

 

September 21, 2012

The Home Depot said it has named Mark Vadon, co-founder of online jeweler Blue Nile, to its board of directors.

Atlanta -- The Home Depot said Friday it has named Mark Vadon, co-founder of online jeweler Blue Nile, to its board of directors.

Vadon will serve on the audit and finance committees. His appointment gives the company 11 directors, 10 of whom are independent.

 

September 21, 2012

The Home Depot said it has named Mark Vadon, co-founder of online jeweler Blue Nile, to its board of directors.

Atlanta -- The Home Depot said Friday it has named Mark Vadon, co-founder of online jeweler Blue Nile, to its board of directors.

Vadon will serve on the audit and finance committees. His appointment gives the company 11 directors, 10 of whom are independent.

 

September 14, 2012

The Home Depot Inc. said Friday it will close its remaining seven big-box outlets in China and focus on Internet-based sales and specialty stores.

Atlanta -- The Home Depot Inc. said Friday it will close its remaining seven big-box outlets in China and focus on Internet-based sales and specialty stores.

August 14, 2012

The Home Depot reported Tuesday that profit for the second quarter rose to $1.5 billion from $1.4 billion in the same quarter last year.

Atlanta -- The Home Depot reported Tuesday that profit for the second quarter rose to $1.5 billion from $1.4 billion in the same quarter last year.

Sales edged up 1.7% to $20.6 billion, and same-store sales climbed 2.1% overall and 2.6% in the U.S.

"As expected, second-quarter sales reflected the pull forward of seasonal activity into the first quarter," said Frank Blake, Home Depot chairman and CEO. "But we saw continued demand for core products and delivered second-quarter earnings above our expectations."

August 14, 2012

The Home Depot reported Tuesday that profit for the second quarter rose to $1.5 billion from $1.4 billion in the same quarter last year.

Atlanta -- The Home Depot reported Tuesday that profit for the second quarter rose to $1.5 billion from $1.4 billion in the same quarter last year.

Sales edged up 1.7% to $20.6 billion, and same-store sales climbed 2.1% overall and 2.6% in the U.S.

"As expected, second-quarter sales reflected the pull forward of seasonal activity into the first quarter," said Frank Blake, Home Depot chairman and CEO. "But we saw continued demand for core products and delivered second-quarter earnings above our expectations."

August 7, 2012

The Home Depot said it will acquire kitchen and bath vendor U.S. Home Systems in a deal worth about $93 million.

Atlanta -- The Home Depot said Tuesday it will acquire kitchen and bath vendor U.S. Home Systems in a deal worth about $93 million.

U.S. Home Systems manufactures and installs remodeling and organization products, as well as cabinet-refacing and countertop products, exclusively through Home Depot. The acquisition is part of Home Depot’s strategy to increase its home service business.

The deal is expected to close by the end 2012.

August 7, 2012

The Home Depot said it will acquire kitchen and bath vendor U.S. Home Systems in a deal worth about $93 million.

Atlanta -- The Home Depot said Tuesday it will acquire kitchen and bath vendor U.S. Home Systems in a deal worth about $93 million.

U.S. Home Systems manufactures and installs remodeling and organization products, as well as cabinet-refacing and countertop products, exclusively through Home Depot. The acquisition is part of Home Depot’s strategy to increase its home service business.

The deal is expected to close by the end 2012.

June 20, 2012

The Home Depot plans to spend $1.3 billion on new technology and $700 million to build 36 new stores from 2013-15, according to a report by Investors Daily.

New York -- The Home Depot plans to spend $1.3 billion on new technology and $700 million to build 36 new stores from 2013-15, according to a report by Investors Daily.

The report was based on remarks chain’s senior VP finance, Ted Decker, made Tuesday at Jefferies Global Consumer Conference.

Decker also said the company plans to build “new state-of-the-art distribution facilities” to leverage its stores.
 

June 20, 2012

The Home Depot plans to spend $1.3 billion on new technology and $700 million to build 36 new stores from 2013-15, according to a report by Investors Daily.

New York -- The Home Depot plans to spend $1.3 billion on new technology and $700 million to build 36 new stores from 2013-15, according to a report by Investors Daily.

The report was based on remarks chain’s senior VP finance, Ted Decker, made Tuesday at Jefferies Global Consumer Conference.

Decker also said the company plans to build “new state-of-the-art distribution facilities” to leverage its stores.