Content about The Home Depot

December 2, 2014

Home Depot has agreed to buy the hardware business unit of HD Supply Holdings Inc., the industrial distributor that was once part of the home-improvement retailer and has since been a longtime partner. 

Home Depot has agreed to buy the hardware business unit of HD Supply Holdings Inc., the industrial distributor that was once part of the home-improvement retailer and has since been a longtime partner.

"Our companies have had a long-standing relationship," said Craig Menear, CEO and presiden of Home Depot. "By formally bringing the business into the Home Depot family, we expect to further enhance our supply chain capabilities and hardware product offerings."

November 19, 2014

Lowe’s said its third quarter same store sales spiked 5.1% a day after Home Depot reported an even stronger increase.

Lowe’s said its third quarter same store sales spiked 5.1% a day after Home Depot reported an even stronger increase.

Total company sales increased 5.6% to $13.7 billion driven by increased productivity of existing stores as evidenced by a 5.1% comp increase. Home Depot said its third quarter same store sales increased 5.8%. Lowe’s profits increased 17.3% to $585 million while earnings per share increased 25.5% to 59 cents and were aided by $900 million in share repurchase activity.

November 17, 2014

Environmental advocates and building industry pros have long circled each other in conflict and cooperation, but it seems that there's a loud and growing faction of activists putting a relatively new issue on the map.

Environmental advocates and building industry pros have long circled each other in conflict and cooperation, but it seems that there's a loud and growing faction of activists putting a relatively new issue on the map.

That's because bees are dying -- suddenly, and often at once, numbering in the millions -- a troubling effect known as Colony Collapse Disorder that has been linked to the use of neonicotinoids, a type of insecticide that can be found on Lowe's and Home Depot shelves nationwide.

November 7, 2014

Industrial and construction supplies retailer Fastenal said CEO Willard Oberton planned to resign from the 2,700 store retailer effective December 31.

Industrial and construction supplies retailer Fastenal said CEO Willard Oberton planned to resign from the 2,700 store retailer effective December 31.

The company on Friday, Nov. 7 disclosed that  Oberton notified the board of directors the prior Monday of his decision to resign. Plans call for Oberton, 56, to remain as chairman of the company and to be actively involved in strategic planning and performance measurements.

October 28, 2014

The Home Depot is offering a new LED light bulb from Cree that is said to be brighter and longer lasting.

The Home Depot is offering a new LED light bulb from Cree that is said to be brighter and longer lasting.

The LED bulbs resemble tradition incandescent bulbs but offer superior performance at a lower price, according to Cree. The new bulb provides the same cost savings and 25,000-hour lifetime that made the original Cree LED Bulb America’s best-selling LED bulb, according to the company. The new bulbs are available at Home Depot as 40- and 60-watt replacements in two color temperatures (soft white and daylight) for just under $8.

October 20, 2014

Veteran Home Deport operations executive Marc Powers has been elevated to the role of EVP of U.S. stores as part of an ongoing leadership transformation.

Veteran Home Deport operations executive Marc Powers has been elevated to the role of EVP of U.S. stores as part of an ongoing leadership transformation.

Few people know Home Depot from the ground up the way Powers does. He began his career with the company in 1986 as an hourly employee and over the course of the past 28 years served as store manager, district manager and regional vice president. He most recently served as SVP of operations for the company’s nearly 2,000 U.S. stores.

October 13, 2014

Home Depot EVP Marvin Ellison will become president of J.C. Penney on November 1 and succeed Mike Ullman as CEO of the department store retailer next August.

Home Depot EVP Marvin Ellison will become president of J.C. Penney on November 1 and succeed Mike Ullman as CEO of the department store retailer next August.

October 13, 2014

Water conservation is big business for the nation’s largest home improvement retailer who earned accolades from the Environmental Protection Agency for selling nearly 13 million WaterSense devices.

Water conservation is big business for the nation’s largest home improvement retailer who earned accolades from the Environmental Protection Agency for selling nearly 13 million WaterSense devices.

The EPA named Home Depot a 2014 WaterSense Partner of the year for selling nearly 13 million WaterSense labeled products which helped customers save an estimated 42.5 billion gallons of water and more than $358 million in water related utility costs. The retailer said the water saved is enough to supply 291,000 U.S. homes for a full year.

October 2, 2014

Home Depot is extending its e-commerce capabilities westward with the opening of a dedicated online fulfillment center in California.

Home Depot is extending its e-commerce capabilities westward with the opening of a dedicated online fulfillment center in California.

Located in Perris, California, the 858,953-sq.-ft. facility will initially employ approximately 150 people, and eventually employ up to 300. It is one of three new DFCs opening across the US in addition to the company’s existing network.

The Locust Grove DFC opened outside of Atlanta, Georgia in February and the Ohio DFC is scheduled to open next year.

September 19, 2014

Investors don’t seem to care that Home Depot’s data breach is being characterized as the largest ever in the retail sector with shares of the company hitting a new high on Friday.

Investors don’t seem to care that Home Depot’s data breach is being characterized as the largest ever in the retail sector with shares of the company hitting a new high on Friday.

Home Depot shares touched a 52-week high of $93.75 on Friday a day after the company disclosed details about an extensive data breach which went undetected for months and compromised the information of 56 million customers.

September 17, 2014

The Network of Executive Women (NEW) has confirmed retail executives from Walgreens, Home Depot, Family Dollar, Publix and Walmart as featured participants at the organization’s Leadership Summit this fall.

The Network of Executive Women (NEW) has confirmed retail executives from Walgreens, Home Depot, Family Dollar, Publix and Walmart as featured participants at the organization’s Leadership Summit this fall.

September 8, 2014

Twitter is taking a page from Facebook and testing its own Buy button, which will allow users of the social media platform to purchase products directly from Tweets.

Twitter is taking a page from Facebook and testing its own Buy button, which will allow users of the social media platform to purchase products directly from Tweets.

According to group product manager Tarun Jain, a small percentage of U.S. users will see some Tweets from its test partners featuring the Buy button. That percentage will grow over time, depending on users’ response.

September 5, 2014

Several Home Depot customers have filed a class action lawsuit in the United States District Court for the Northern District of Georgia, Atlanta Division, alleging that Home Depot failed to meet its legal obligation to protect their credit card and personal information.

Several Home Depot customers have filed a class action lawsuit in the United States District Court for the Northern District of Georgia, Atlanta Division, alleging that Home Depot failed to meet its legal obligation to protect their credit card and personal information and failed to timely warn them that such information had been stolen or that the security and privacy of such information had been compromised.

September 2, 2014

The Home Depot is the latest major retailer to investigate what looks like a data breach.

The Home Depot is the latest major retailer to investigate what looks like a data breach.

The Atlanta-based retailer is looking into the matter and also working with law enforcement and bank investigators.

"Protecting our customers' information is something we take extremely seriously, and we are aggressively gathering facts at this point while working to protect customers,” the retailer said in a statement.

September 2, 2014

The Home Depot is the latest major retailer to investigate what looks like a data breach.

The Home Depot is the latest major retailer to investigate what looks like a data breach.

The Atlanta-based retailer is looking into the matter and also working with law enforcement and bank investigators.

"Protecting our customers' information is something we take extremely seriously, and we are aggressively gathering facts at this point while working to protect customers,” the retailer said in a statement.

August 21, 2014

The Home Depot has named Craig Menear, currently president, U.S. retail, as CEO and president, effective November 1, and has elected him to the company's board of directors, effectively immediately. Current chairman and CEO Frank Blake will remain chairman.

The Home Depot has named Craig Menear, currently president, U.S. retail, as CEO and president, effective November 1, and has elected him to the company's board of directors, effectively immediately. Current chairman and CEO Frank Blake will remain chairman.

August 21, 2014

The Home Depot has named Craig Menear, currently president, U.S. retail, as CEO and president, effective November 1, and has elected him to the company's board of directors, effectively immediately. Current chairman and CEO Frank Blake will remain chairman.

The Home Depot has named Craig Menear, currently president, U.S. retail, as CEO and president, effective November 1, and has elected him to the company's board of directors, effectively immediately. Current chairman and CEO Frank Blake will remain chairman.

August 20, 2014

A day after Home Depot reported strong second-quarter results, it was Lowe's turn to deliver strong quarterly earnings.

A day after Home Depot reported strong second-quarter results, it was Lowe's turn to deliver strong quarterly earnings.

And the Mooresville, North Carolina-based retail giant did just that. The company reported net earnings of $1.04 billion for the quarter ended Aug. 1, marking a 10.4% increase over the second quarter last year. Sales for the quarter were up 5.7% to $16.6 billion, as comparable-store sales were up 4.4%.

August 19, 2014

A 6.4% second quarter same store sales increase at U.S. stores enabled Home Depot to handily exceed analysts’ profit estimates and prompted the company to increase its full year outlook.

A 6.4% second quarter same store sales increase at U.S. stores enabled Home Depot to handily exceed analysts’ profit estimates and prompted the company to increase its full year outlook.

July 30, 2014

The Home Depot elevated 14 year veteran Ted Decker to the role of EVP of merchandising to oversee all aspects of merchandising strategy and operations.

The Home Depot elevated 14-year veteran Ted Decker to the role of EVP of merchandising to oversee all aspects of merchandising strategy and operations.

Decker had previously served as SVP of retail finance, pricing analytics and assortment planning. He assumes his new role August 4 and will report to Craig Menear, Home Depot’s president of U.S. retail.

July 30, 2014

The Home Depot elevated 14 year veteran Ted Decker to the role of EVP of merchandising to oversee all aspects of merchandising strategy and operations.

The Home Depot elevated 14-year veteran Ted Decker to the role of EVP of merchandising to oversee all aspects of merchandising strategy and operations.

Decker had previously served as SVP of retail finance, pricing analytics and assortment planning. He assumes his new role August 4 and will report to Craig Menear, Home Depot’s president of U.S. retail.

July 25, 2014

The Home Depot has donated $81,000 to a rural retreat for wounded veterans and their families. The money will go toward building a barn and run-in for horses, as well as some garden project at the Boulder Crest Retreat for Military and Veteran Wellness.

The Home Depot has donated $81,000 to a rural retreat for wounded veterans and their families. The money will go toward building a barn and run-in for horses, as well as some garden project at the Boulder Crest Retreat for Military and Veteran Wellness.

July 14, 2014

The 3-D printer movement got a boost months ago when Home Depot began offering 3-D printers and scanners for sale through its website.

The 3-D printer movement got a boost months ago when Home Depot began offering 3-D printers and scanners for sale through its website.

Now the world’s largest home improvement retailer is bringing the products to shelves in select markets. Home Depot is introducing MakerBot 3-D printers and scanners in select stores in Chicago, New York City, Los Angeles and San Francisco.

On the retailer’s website, a fifth-generation MakerBot Replicator Desktop 3-D Printer sells for $2,899. A MakerBot Digitizer Desktop 3D Scanner is priced at $799.

July 10, 2014

Steve Mahurin has left Orchard Supply Hardware, where the veteran home improvement merchant and retail industry executive held the title chief retail officer.

Steve Mahurin has left Orchard Supply Hardware, where the veteran home improvement merchant and retail industry executive held the title chief retail officer.

According to the San Jose, Calif.-based retailer, Mahurin’s position was eliminated as the company transitions to a focus on operations and expansion.

July 7, 2014

Nearly 2,000 Home Depot stores in the U.S. began offering a wide range of connected home devices that run on the Wink platform on July 7.

Nearly 2,000 Home Depot stores in the U.S. began offering a wide range of connected home devices that run on the Wink platform on July 7.

The Wink platform unites close to 60 devices, creating the broadest set of connected home products in one ecosystem, with fifteen leading manufacturers of home products ranging from light bulbs and locks to window shades, irrigation systems and water heaters, according to Wink and Home Depot.