Content about The Home Depot

July 3, 2014

Irvine, California-based Insteon says its home automation and control technology products are now available in Microsoft retail stores.

The company’s connected-home devices are also available through MicrosoftStore.com and at such stores as Best Buy, The Home Depot, Walmart, Sears and Menards, among others. 

June 4, 2014

Rewards leaders from McDonald’s, Home Depot and Kraft Foods shared what their companies are doing to differentiate and reward performance during a panel discussion at the 2014 WorldatWork Total Rewards Conference, held here May 19-21. The discussion was moderated by Hay Group, a pay consultancy.

 

Home Depot: Awarding performance and potential

May 20, 2014

The Home Depot this morning reported first quarter sales of $19.7 billion, up 2.9% from last year's first quarter. Comparable-store sales were up 2.6%. Comp-store sales for U.S. stores were positive 3.3%.

The Atlanta-based retail giant also reported double-digit growth in net earnings -- up 12.5% to $1.38 billion. 

May 15, 2014

The Home Depot is helping the nation prepare for the warmer months with a series of hurricane workshops being held across the nation on Saturday, May 31, the first day of hurricane season.

April 10, 2014

The Home Depot has launched a nationwide campaign to bring water conservation savvy to the masses, especially those in drought-affected areas.

On April 26, the retailer will hold free Water Conservation Workshops at all 1,977 of its U.S. locations, where attendees can learn ten different strategies for saving water.

These projects include converting to a dual-flush toilet, switching to EPA WaterSense labeled showerheads and faucets, installing drip irrigation and rotary nozzle or dual spray sprinklers and more.

April 8, 2014

The Home Depot has earned a 2014 Energy Star Partner of the Year -- Sustained Excellence award from the U.S. Environmental Protection Agency (EPA), which cited its efforts to reduce greenhouse gas emissions through the promotion of energy-efficient products.

"Our customers are increasingly looking for products that have earned the Energy Star," said Ron Jarvis, VP Environmental. "Our partnership with Energy Star allows us to offer our customers high quality, energy-efficient products that will also save them money on their energy bills."

April 3, 2014

Home Depot’s fifth annual Spring Black Friday promotional event is underway and one of the “Wow,” items being featured is an outdoor product tool system with the industry's most powerful rechargeable battery.

April 2, 2014

The Home Depot is announcing the nomination of Wayne Hewett for election to its board of directors during its 2014 annual meeting of shareholders.

Bonnie Hill, the board's lead director, will not stand for re-election; the company's corporate governance guidelines require directors to retire upon reaching the age of 72 by the end of the calendar year preceding the annual meeting. Gregory Brenneman has been selected to succeed her as lead director.

April 1, 2014

Thompson is introducing a brand new line of deck stains. Going by the name of WaterSeal, the new waterproofing stains are now available exclusively at The Home Depot.

"From the new packaging to the formula that's inside, this line-up offers multiple innovations to help homeowners get great performance with less effort," said Mike Kozlowski,director of marketing for the Thompson's WaterSeal brand. "This is the most complete exterior stain line that we have ever offered."

March 25, 2014

P&F Industries, Inc. reported a strong finish to the full-year period ended Dec. 31, 2013, with an especially large boost in Tools revenue that the company attributes to its entry into The Home Depot.

"Our consolidated 2013 revenue increased 27.0% when compared to 2012's revenue," said chairman, CEO and president Richard Horowitz.

For the three-month period ended Dec. 31, revenue was $15.4 million, up 21.3% year-over-year. Income for the quarter was $919,000, more than double that of the same period a year before.

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."

February 12, 2014

Even as winter's grip tightens over much of the country, The Home Depot has begun filling open positions for its peak spring hiring season. This year, the retailer plans to add 80,000 new employees to its payroll.

"Spring is our peak hiring season, giving us the opportunity to find some of the best associates who are passionate about customer service," said Tim Crow, EVP Human Resources.

Home Depot is encouraging college students, retirees, veterans and reservists to apply.

February 11, 2014

 

The Home Depot opened its new direct fulfillment center (DFC) in Locust Grove, Ga., a suburb of Atlanta.

The facility is the first of three new DFCs the company will open across the U.S. over the next two years. The new distribution centers will increase the number of orders the company can ship the day they are received, increasing the speed of delivery for HomeDepot.com orders. The company also said they will enable faster order picking and shipping through new warehouse management and material handling systems.

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.

January 16, 2014

The Home Depot opened a new store in Minot, N.D., one of only a handful of new store openings in the United States for the world's largest home improvement retailer in recent years.

The 104,000-sq.-ft. store with a 17,000-sq.-ft. garden center also operates an outdoor lumberyard measuring 96,000 sq. ft. 

The store is the second Home Depot in North Dakota, the other being in Fargo, about four hours away. In the United States, the new store brings the Home Depot store count to 1,978, according to the store count stats on the company's website.

December 13, 2013

The Home Depot's focus is moving from building new brick-and-mortar stores and toward building its online business in fiscal 2014. The move, among other things, will mean same-day shipping for its customers.

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%. 

October 30, 2013

The Home Depot house brand has a new look, and according to the company, some new quality control.

Jim Recore, divisional merchandise manager for private brands at The Home Depot describes the Husky brand as one of about four that are “absolutely key to the success of our private label program.” 

Home Depot changed the color emphasis -- from red to black -- and also some improvements to the grips and handles and overall design of the tools.

October 14, 2013

The Home Depot has teamed up with National Tenant Network (NTN) on its new Pro Xtra site, a loyalty program for contractors and professionals.

Pro Xtra is designed to enhance existing Pro Desk programs, with NTN's expertise providing additional resources on tenant screening and selection for investment property owners and managers.

October 14, 2013

The Home Depot has teamed up with National Tenant Network (NTN) on its new Pro Xtra site, a digital tool for investment property owners and managers.

Pro Xtra is designed to enhance existing Pro Desk programs, with NTN's expertise providing additional resources on tenant screening and selection.

NTN will also have a direct line to investors through the Home Depot RenoWalk application, which Home Depot Pro members use to customize property renovations, search for materials and protect their investments.

October 10, 2013

The U.S. Environmental Protection Agency (EPA) named The Home Depot as its 2013 WaterSense Retail Partner of the Year award.

October 7, 2013

Atlanta-based Home Depot announced its 2013 Innovation Award honorees, led by Cree for its LED light bulb. 

The annual innovation award recognizes “the most revolutionary new products that provide true benefits to consumers and the companies that exceeded expectations in sales, service and program execution,” the company said. 

Mohawk Soft Spring Carpet received first runner-up honors for Soft Spring Carpet, and Plantation Patterns Patio won second runner-up honors for its Create Your Own Collection patio furniture. 

September 11, 2013

The Home Depot is the subject of a class-action lawsuit claiming that the world's largest home improvement retailer is impropertly negotiating for settlement with shoplifting suspects.

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.