Content about Frank Blake

September 18, 2014

The Home Depot confirmed late Thursday afternoon that the malware that breached its payment systems was now erased, and that the breach is now thought to have affected as many as 56 million cards.

“We apologize to our customers for the inconvenience and anxiety this has caused, and want to reassure them that they will not be liable for fraudulent charges,” said Frank Blake, chairman and CEO. “From the time this investigation began, our guiding principle has been to put our customers first, and we will continue to do so.”

September 5, 2014

Home Depot says it continues to study its Internet security amid signs of a data breach.

During a presentation at a Goldman Sachs retailing conference this week, Home Depot CEO Frank Blake hit the topic head on.

August 21, 2014

The Home Depot announced that current CEO Frank Blake will be passing the torch to Craig Menear this fall.

Menear, who is currently serving as president U.S. retail, will take over as CEO and president as of Nov. 1, 2014. He has also been elected to the company's board of directors, effective immediately.

August 19, 2014

It’s no wonder The Home Depot CEO Frank Blake was smiling wide in his ALS Ice Bucket Challenge video. He and his leadership team were about to report second quarter net earnings in excess of $2 billion.

“We saw broad based growth in the quarter across all of our geographies,” Blake said during the company’s second quarter earnings call Tuesday morning.

May 20, 2014

Home Depot’s sales for the first quarter were below expectations, but don’t blame the housing market, blame the weather.

That’s how Atlanta, Georgia-based Home Depot CEO Frank Blake sees the events of the first quarter. The company posted sales of $19.7 billion, up 2.9%.

April 17, 2014

According to a new Wall Street Journal report, Home Depot is focusing its efforts these days on the expansion of its e-commerce business, which means no new store openings for the time being.

February 28, 2014

The Home Depot has named Craig Menear president, U.S. retail, and Mark Holifield EVP supply chain and product development.

"Craig is a world-class retailer and has done a terrific job in recent years leading some of the most important and successful initiatives in our company," said Frank Blake, chairman and CEO. "And Mark has successfully led one of the most extensive supply chain transformations in retail history. Both are very deserving of their new leadership roles, and I look forward to their continuing contributions to our business."

January 23, 2014

The Home Depot announced Thursday that it has closed its acquisition of Blinds.com, the Houston-based online window coverings retailer.

In explaining the appeal of the partnership, Home Depot cited Blinds.com's integrated user experience, on-demand staff and knowledge base.

December 11, 2013

The Home Depot reaffirmed its fiscal guidance for 2013, as well as updated its 2014 financial outlook, wherein the company now expects to meet a 2015 profitability goal a year earlier than expected.

The company had originally announced an operating margin goal of 12% in June 2012, as well as a 24% reutn on invested capital goal, for the end of fiscal 2015. According to the statement released Wednesday, Home Depot expects to reach these benchmarks by the end of fiscal 2014. 

November 19, 2013

The Home Depot reported sales of $19.5 billion for the third quarter of fiscal 2013, a 7.4% increase from $18.1 billion in the third quarter of fiscal 2012.

On a like-for-like basis (last year's quarter had an extra calendar week), comparable-store sales for the third quarter of fiscal 2013 were positive 7.4%, and comp sales for U.S. stores were positive 8.2%. 

September 20, 2013

Home Depot has a new director on board: Helena B. Foulkes, 49, will serve as a member of the Finance and Leadership Development & Compensation Committees.

"I'm pleased to welcome Helena to our board and look forward to the unique insight she brings from her years of retail experience and leadership," said Frank Blake, chairman and CEO.

September 6, 2013

From the floor of the New York Stock Exchange and in an interview with CNBC, The Home Depot CEO Frank Blake said “it’s great to see the start of the recovery.” 

Blake was in New York to promote Home Depot Foundation’s Celebration of Service campaign that runs from Sept. 11 through Veterans Day. He said in the interview that Home Depot has committed more than $80 million over five years to help veterans in need.

March 15, 2013

In a wide-ranging interview on CNBC, Home Depot CEO Frank Blake said he expects 2013 sales growth to be about the same as 2012.

In a wide-ranging interview on CNBC, Home Depot CEO Frank Blake said he expects 2013 sales to come in at about 3% ahead of 2012 -- about the same growth pace of 2012.

“We were pleased with 2012, and we had some great growth in 2012,” Blake said.

February 26, 2013

The world’s largest home improvement retailer posted fourth-quarter earnings in excess of $1 billion.

Playing with an extra week in its calendar, Atlanta-based Home Depot’s fourth-quarter sales increased 13.9% to $18.2 billion, as the company’s comps increased 7.1%.

The company posted net earnings of $1.0 billion in the fourth quarter, up 31.9% compared with last year’s fourth quarter. 

November 13, 2012

While pointing to sales and earnings growth in the third quarter, Home Depot CEO Frank Blake also thanked employees who continue to work in communities impacted by Hurricane Sandy in the Northeast. 

October 30, 2012

Home Depot chairman and CEO Frank Blake addressed the Virginia Commonwealth University School of Business on Oct. 25, joined by his son, Home Depot district manager Frank Blake Jr., who also serves as an adjunct professor in the School of Business' Executive M.B.A. Program. The senior Blake spoke as part of the business speaker series at the Charles G. Thalhimer Family Executive-in-Residence program.

September 14, 2012

The Home Depot will close its remaining seven big-box stores in China, the company announced late yesterday, in order to shift its focus to specialty stores and online offerings in that market.

September 6, 2012

An article in the Wall Street Journal reinforced the notions that many shoppers have always held about the nation’s leading home-improvement retailers: one caters to women, and the other prefers a gender neutral atmosphere. 

May 29, 2012

The world’s largest home improvement retailer has described its First Phone on-the-floor scanner and sales tool as a competitive advantage. Now comes the smaller version.

The mobile sales-floor device known as the Home Depot First Phone has been described as competitive advantage for the world’s largest home improvement retailer. Now comes the “First Phone Junior,” which has begun to roll out to all Home Depot stores, said Frank Blake during the company’s first-quarter earnings call. 

October 6, 2011

The Home Depot named Teresa Wynn Roseborough executive VP, general counsel and corporate secretary. She will join the company’s senior leadership team and report to Frank Blake, chairman and CEO. 

Roseborough will be responsible for leading The Home Depot’s legal department, as well as its government relations and corporate security services functions. She will assume her new role Nov. 7. 

October 6, 2011

The Home Depot named Teresa Wynn Roseborough executive VP, general counsel and corporate secretary. She will join the company’s senior leadership team and report to Frank Blake, chairman and CEO. 

Roseborough will be responsible for leading The Home Depot’s legal department, as well as its government relations and corporate security services functions. She will assume her new role Nov. 7. 

June 30, 2011

The question-and-answer session is often the most entertaining segment of a shareholders meeting. Case in point, Home Depot’s June 2 meeting brought a half hour of free-wheeling comments from the floor. Below are just some of the questions (abbreviated and paraphrased) and actual excerpts from chairman and CEO Frank Blake’s always-polite responses. 


Question: Why do you continue to sell glue traps?


Frank Blake: “One of the things we try to do is provide our customers with a number of different alternatives.” 


June 2, 2011

Customer service, glue traps and corporate democracy were among the issues on the table at a wide-ranging Home Depot annual shareholders meeting in Atlanta Thursday.

Home Depot’s shareholders approved the company's recommendations for its board of directors and executive pay structure. And it defeated a shareholder proposal regarding shareholder control of corporate political gifts.

June 2, 2011

Four Joplin, Mo., associates of a Home Depot store destroyed by a tornado May 22 were flown to Atlanta for the company's annual shareholders meeting. 

CEO Frank Blake introduced Jason Smith, the manager on duty the night of the storm, Joe Barbosa, Joe Cabalero and Steve Cope, the store's manager. The four men received extended applause as well as Angel Awards, given to associates who help save lives. 

June 2, 2011

Four Joplin, Mo., associates of a Home Depot store destroyed by a tornado May 22 were flown to Atlanta for the company's annual shareholders meeting. 

CEO Frank Blake introduced Jason Smith, the manager on duty the night of the storm, Joe Barbosa, Joe Cabalero and Steve Cope, the store's manager. The four men received extended applause as well as Angel Awards, given to associates who help save lives.