Content about Craig Menear

June 4, 2014

Father's Day and Fourth of July events at the world's largest home improvement retailer include expanded assortments of LED light bulbs and folding lawn mowers.

During the company's first-quarter earnings call with analysts and investors, Home Depot president U.S. retail Craig Menear spelled out four product introductions that he said will "generate a lot of excitement in the second quarter."

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.

February 27, 2014

Cordless outdoor power tools and higher end outdoor furniture are two areas where Home Depot’s top merchant signaled out for special mention during the company’s fourth quarter earnings call.

Craig Menear, Home Depot executive VP of merchandise, said the company was loaded for the outdoor spring selling season, but also had a strong lineup of products for indoor projects.

November 20, 2013

What categories did well at Home Depot in the third quarter? Take your pick.

All merchandise departments posted positive comps, Craig Menear told analysts during yesterday's earnings call. Even those that fell below the company average -- millwork, flooring, pluming, outdoor garden, building materials, hardware and tools -- still performed positively. 

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. 

August 21, 2013

The Home Depot saw positive comps in all of its departments during the second quarter, which was described by executives as one of the best quarters in the company's recent history.

Craig Menear, executive VP of merchandising pointed to four key factors for the success: strong summer events, a recovering seasonal business, commodity inflation and strength across the remainder of the store.

May 22, 2013

The Home Depot's top merchant had a lot more good news than bad news to share with investors regarding the retailer's first quarter performance.

"We are pleased with our performance in the first quarter with strength in our business across the breadth of the store," said Craig Menear, executive VP merchandising. The only departments with negative comp-store sales were indoor and outdoor garden -- the result of unusually cold weather in parts of the country, he said.

December 13, 2012

From innovations that use advanced lithium-ion technology to old standby push mowers, some of Home Depot’s top-selling products in the third and fourth quarters span the gamut of home improvement categories.

During Home Depot’s third-quarter conference call in November, executive VP merchandising Craig Menear identified several products that are selling briskly or are expected to perform well during the fourth quarter.

Ryobi 18V Lithium Battery

August 29, 2012

The mixing of paint and primer together, in the same can, has swept through the coatings industry like no other innovation. Almost every manufacturer and retailer has added a version of this product to its assortment, although some have done so reluctantly. Within the paint industry, many dismiss paint-and-primer combos as a marketing ploy that raises the price of a gallon of paint. Others say it can save time and money and has a rightful place as a consumer option.

August 15, 2012

Home Depot’s top merchant spelled out the category gainers during the company’s second-quarter earnings call.

June 7, 2012

Speaking at The Home Depot’s 2012 Investor and Analyst Conference in Atlanta, Home Depot executive VP merchandising Craig Menear revved up the power tool rhetoric.

Menear said the company intends to defend its position as power tool market share leader.

He also described power tools as a category with a relatively high vulnerability to online competitors. One of the best defenses is a large fleet.

May 16, 2012

Home Depot’s Craig Menear, executive VP merchandising, shared details and data from a first quarter that saw double-digit comps in certain seasonal product categories.

Overall, Home Depot saw comp-store sales increase 5.8% in the first quarter of strong sales and earnings growth.

February 22, 2012

The Home Depot this week announced fourth-quarter sales of $16 billion, a 5.9% increase over the same quarter last year. What happened? From Craig Menear's perspective, the answer involves execution, warm weather and strength in maintenance and repair categories.

November 16, 2011

Atlanta-based Home Depot's wind-and-storm aided sales effort in the third quarter presented several category highlights, according to executive VP merchandising Craig Menear.

The company's strong third-quarter performance, which included a 13% net earnings increase and comp-store sales of positive 4.2%, included strength "in the core of the store" and growth in average ticket and transactions.

August 17, 2011

The Home Depot's Craig Menear, executive VP merchandising, said the company's strong 4.3% comp-store sales performance in the second quarter was boosted by outdoor projects, storm-related repairs and steady strength in core departments.

Performance was aided by Home Depot's improved supply chain and merchandising tools, he said.

June 2, 2011

According to an article in the New York Times, Home Depot's executive VP merchandising Craig Menear is among those encouraging alternatives to expensive plastic packages.

Plastic packaging known as clamshells -- the kind that usually require cutting tools to open -- are being affected by the price of oil. The article reports Wal-Mart has pledged to reduce its packaging by 5% in the five years ending 2013.  

May 17, 2011

The Home Depot's executive VP merchandising Craig Menear said he was pleased with the company's first-quarter performance in its core business. Some categories, of course, did better than others.

The company's first-quarter results showed overall comp-store sales declined 0.6%, but several categories were positive -- electrical, kitchens, tools, plumbing, paint and flooring. Hardware also outperformed the company's average comp for the quarter, he said.

March 31, 2011
January 13, 2011

Orlando, Fla. -- A packed room of building industry executives and special guests of cancer and diabetes care center City of Hope set the stage for the charity's Spirit of Life ceremony honoring Craig Menear, The Home Depot's executive VP merchandising. 

The City of Hope's Hardware and Homebuilding industry group raised more than $1 million for the City of Hope in connection with the Spirit of Life ceremony Jan. 11.

January 6, 2011

In recognition of his business and philanthropic achievements, The Home Depot’s executive VP merchandising, Craig Menear, will receive The Spirit of Life Award from City of Hope’s Hardware/Homebuilding Industry group. Menear will be honored Jan. 11, at a reception, at the Rosen Plaza Hotel in Orlando, Fla., by colleagues and industry members. The day will begin with a golf tournament event that supports City of Hope’s lifesaving research, education and treatment programs for cancer and other life-threatening diseases.

December 23, 2010

As the world's largest home improvement retailer intends to leverage its private label offerings across its businesses in the United States, Mexico and Canada, its top merchandising executive described the process for choosing a private a label brand.

December 21, 2010

Home Depot is tinkering with the idea of cutting back the space dedicated to kitchen showrooms. "We're piloting the removal of up to 40% of the space dedicated to kitchen showrooms," said Craig Menear, Home Depot's EVP merchandising, during the company's recent investor and analyst conference.

December 5, 2010

Most question-and-answer segments of earnings calls have a signature exchange that deserves to make the...

September 5, 2010

The Home Depot and Lowe’s managed to post comparable-store sales gains and better profits for...

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