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.
Home Depot's net earnings crossed the $2 billion mark in the second quarter, as spring business for the world's largest home improvement retailer rebounded along with core departments.
Net earnings of $2.050 billion were up 14.2% from the same quarter last year. Net sales rose 5.7% to $23.811 billion. Comparable store sales were positive 5.8% -- and positive 6.4% for U.S. stores.
Chicago -- Ideas for loyalty in a competitive climate came fast and furious during an educational session here at the Orgill Fall Market.
The session, called "How to effectively use a customer loyalty program," was led by Theresa Neal, head of new business development for Eden Prairie, Minnesota-based Pro/Phase Marketing. The company's RepeatRewards program has a business relationship with Orgill, providing a menu of real-time loyalty services.
Chicago -- Orgill's 2014 Fall Dealer Market kicked off Thursday morning here at McCormick Place with showcase categories, model stores and deep-discount "Door Busters."
The three-day event runs through Saturday.
On the show floor, four product areas are designated as showcase categories -- hand and power tools, winter and wild bird assortments, spring products and maintenance and repair.
Hardware Distribution Warehouses, Inc. CEO and President Kenneth R. Beauvais said HDW will be expanding its wholesale services into the Florida panhandle beginning Sept. 1.
“In addition to our recent expansion into Northwest Texas, we have made the decision to extend our service area into the Florida panhandle,” Beauvais said. “This expansion will result in additional opportunities for our employee owned company.”
The announcement was made at the company’s 2014 Fall Market, which ended Aug. 10 in Shreveport, Louisiana.