Content about Home Depot News

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.

August 19, 2014

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.

July 30, 2014

The Home Depot has promoted Ted Decker to the position of EVP merchandising, where he will take the helm of the company's merchandising strategy and operations. Effective Aug. 4, Decker will transition from his most recent role as SVP retail finance and begin reporting to Craig Menear, president U.S. Retail.

Decker has been with the company for 14 years, during which time he played an integral role in the company's merchandising transformation and led the implementation of new pricing and analytics processes.

July 28, 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.

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.

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.

July 9, 2014

In their latest round of back-to-back earnings call presentations, Home Depot and Lowe’s trotted out statistics for a weather-beaten first quarter, along with insights on what worked and what didn’t.

Michael Jones stepped into the role of Lowe’s chief customer officer by stepping up to the microphone. Jones, who replaced the retiring Greg Bridgeford earlier this year, walked analysts and investors through Lowe’s performance, which saw a comp-store sales increase of 0.9%.

July 1, 2014

AZEK, Home Depot and OrePac all teamed up Thursday, June 19th to help spruce up a garden for disabled vets in San Bernardino, California.

The Veterans Exploration Garden in Speicher Memorial Park received a new AZEK Paver walkway (which is made with 95% recycled materials) for smoother wheelchair access.

June 25, 2014

Marvin Ellison, EVP U.S. stores for Home Depot, took the mic at the Oppenheimer Consumer Conference Wednesday, where he dedicated his time to discussing the retailer's approach to ever-evolving customer service needs.

June 4, 2014

Home Depot will set the stage for the launch of a new 488-color palette from PPG Industries' Glidden brand.

As of June 1, the palette will be available to Home Depot customers nationwide as an intentional reflection of their preferences and behaviors.

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 28, 2014

Former Home Depot marketing executive Frank Bifulco was named executive VP marketing for Framingham, Massachusetts-based Staples.

In the newly created role, Bifulco will lead marketing across the office supply company's operations.

May 23, 2014

Cordelia Lighting is recalling its Commercial Electric Fluorescent Shop Lights from Home Depot shelves after receiving 888 incident reports.

According to the Consumer Product Safety Commission, the lamp sockets have a tendency to foster loose connections, which creates a potential fire hazard.

Of the many reports, 382 have involved smoking, 328 units have caught on fire, 173 involved sparking and five units exhibited electrical arcing. No injuries have been reported.

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 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%.

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 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.

April 14, 2014

The launch of a bilingual pro-contractor magazine has Home Depot’s VP pro business seeing opportunity to reach more customers.

The magazine -- Pro Construction Guide/Constru-Guia al dia -- is described as the first fully bilingual pro-targeted magazine in the U.S. It will be available for free in about 2,000 Home Depot stores.

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 4, 2014

Former Home Depot executive Troy Rice has joined Office Depot as EVP retail as the office products company continues to build out its senior leadership team in the wake of its merger with OfficeMax.

Rice replaces Juan Guerrero and will report directly to Roland Smith, chairman and CEO of Office Depot.

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 3, 2014

Home Depot's 11-day savings event known as Spring Black Friday is back with a twist this year -- organizers have taken steps to include the pro customers. 

This year's Spring Black Friday event, which kicked off April 3 and marks the beginning of the home improvement industry's busiest season, will have sales on  grills, lawn supplies and gardening products as usual. But it will also include power tools, nailers/compressors, concrete, ladders and landscape timber.

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.

March 26, 2014

The Home Depot Foundation announced Wednesday that it was commiting an additional $3.9 million in grants to organizations that help provide housing to veterans.

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