Content about The Home Depot

September 8, 2014

The Home Depot’s latest update confirms what many had suspected – the data systems of the world’s largest home improvement retailer have been breached.

The impact and scope of the breach remains unclear, but the retailer said the breach “could potentially impact customers using payment cards at its U.S. and Canadian stores.”

The Atlanta-based company reiterated that no customers will be liable for fraudulent charges. Customers will also be offered free ID protection, including credit-monitoring services.

September 2, 2014

The Home Depot is the latest major retailer to investigate what looks like a data breach. 

The Atlanta-based retailer is looking into the matter and also working with law enforcement and bank investigators. 

"Protecting our customers' information is something we take extremely seriously, and we are aggressively gathering facts at this point while working to protect customers,” the retailer said in a statement. 

August 26, 2014

Yardi, a real estate investment software company based in Santa Barbara, California, has linked up with The Home Depot to give its clients easier access to the retailer's products.

Yardi customers can now easily order Home Depot products in-store or online via the Yardi Procure to Pay online procurement and invoice processing system.

Using the system, property owners and managers can have their purchase orders and invoices automated online, allowing them to more intuitively manage their purchases and check for compliance.

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 20, 2014

The Home Depot’s President of U.S. Retail Craig Menear had plenty of positive numbers to discuss from a merchandising standpoint after the company reported comp-store sales growth of 5.8% in the second quarter.

All three U.S. divisions had positive comps, and also beat their sales plan, Menear said. Additionally, all departments had positive comps for the quarter, in which Home Depot reported sales of $23.8 billion.

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.

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 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.

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