Content about Home Centers

April 17, 2014

According to the U.S. Environmental Protection Agency and the Department of Justice, Lowe's has agreed to settle its lead paint case for $500,000 and to implement a new compliance program at all 1,700+ locations nationwide.

The settlement is a response to an EPA investigation that found that Lowe's lacked the documentation to prove it had abided by the agency's regulations when hiring contractors in nine states or using EPA-approved lead paint testing kits. The EPA was originally tipped off by comments and complaints from the public.

April 15, 2014

Sears Holdings has tapped Arun Arora as SVP and president, Home Services, in which role he will take charge of the business unit's In-Home Repair Services, Service Contracts, Carry-In Repair, Sears Home Improvement Services, Parts Direct, Commercial Sales and Sears Franchise Businesses.

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 8, 2014

Sears Holdings has appointed William Hutchinson to the role of SVP and president, Supply Chain. He will succeed Raj Penkar, who is retiring on May 31, 2014 after leading the unit since 2011.

In his new role, Hutchinson will be responsible for all aspects of the supply chain, including distribution, transporation, customs compliance and global sourcing.

April 7, 2014

After announcing its plans last December to do away with yet another one of its assets, Sears Holdings officially completed its spinoff of the Lands' End unit on Friday. 

As according to plan, Lands' End began trading as a separate company Monday (stock ticker symbol LE), with about 32 million shares to its name. Those holding Sears shares as of March 24, 2014 received about .3 shares of common Lands' End stock per Sears share.

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.

March 25, 2014

Hundreds of Lowe's employee volunteers teamed up with Habitat for Humanity affiliates to build homes in 10 U.S. cities this Friday, kicking off the nationwide volunteer drive known as "Hammers for Habitat."

“Lowe’s has been one of the bedrock partners for Habitat for many years,” said Habitat for Humanity International CEO Jonathan Reckford. “We’re so excited about our long-term partnership, the effort to get 100,000 new volunteers active in Habitat’s work and the ripples of impact that will come from that.”

March 24, 2014

Like most Americans, the editorial staff of HCN has been watching a lot of basketball lately. It’s all part of the national tradition known as March Madness, the 64-team single-elimination tournament designed to break your heart and bust your bracket.

March 24, 2014

Paul Ramsay has been named chief information officer at Lowe's following the departure of Kevin Summers earlier this month, according to multiple media sources. 

Summers was only with the home improvement retailer for two years, but specific reasons for his departure were unknown. Lowe's spokeswoman Chris Ahearn told multiple sources that the move was not related to a data breach like the one Target had, costing Target CIO Beth Jacob her job.

March 24, 2014

Stine Home & Yard will accept the prestigious Retailer of the Year Award during the 2014 Golden Hammer Awards Ceremony at this year’s National Hardware Show in Las Vegas on May 6.  

March 20, 2014

In honor of the vernal equinox, The Home Depot Foundation is launching its second-annual Spring into Service campaign for the season.

As part of the Foundation's five-year, $80 million commitment to veterans, the initiative is aimed at planting edible gardens to help provide fresh fruits and vegetables for 1,000 homeless veterans.

One hundred volunteers from Team Depot will break ground in Charlotte today, where the first edible garden will be planted in partnership with The Rotary Club of Gastonia.

March 17, 2014

Sears Hometown and Outlet Stores reported discouraging preliminary figures for its fourth quarter and full year ended Feb. 1, 2014.

Bruce Johnson, president and CEO, acknowledged that the results were disappointing, most notably in the Hometown and Hardware segment, where weaker-than-expected holiday sales had an impact. Additionally, severe winter weather did not help the company's cause, he added.

March 5, 2014

The opening of Home Depot’s first direct fulfillment center marks a major step forward for the company’s omnichannel efforts.

March 4, 2014

Lowe's has named Michael A. Jones chief customer officer, replacing the soon-to-be-retired Gregory Bridgeford.

Effective April 30, Jones (who is currently chief merchandising officer) will transition into his new role, in which he'll be responsible for developing a customer-centric experience via design, merchandising, marketing and digital interfaces.

March 3, 2014

Sears Holdings’ CEO Eddie Lampert strongly defended his company in his annual letter to shareholders, saying not only does he believe Sears is headed in the right direction, but that “the entire retail industry is headed to where we already are.”

The letter was released on Thursday, Feb. 27, the same day that the retailer posted its fourth quarter earnings report. Sears lost $1.36 billion last year as sales continued to fall and it closed stores as part of its plan to transform itself into a “member-centric” retailer.

March 3, 2014

The Secret Service was investigating a possible security breach at Sears last Friday, but the retailer issued a statement the same day announcing that it found no evidence of foul play in its systems.

"There have been rumors and reports throughout the retail industry of security incidents at various retailers, and we are actively reviewing our systems to determine if we have been a victim of a breach," read the prepared statement. "We have found no information based on our review of our systems to date indicating a breach."

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 28, 2014

Sales to pros are growing faster than sales to consumers at Lowe’s, which recently reported a fourth quarter sales gain of 5.6%.

According to Chief Customer Officer Greg Bridgeford, the Mooresville, N.C.-based retail giant sees an opportunity to capitalize on the pro market.

February 27, 2014

For the 19th straight quarter Home Depot's total company comparable-store sales beat those of Lowe's. But the contest is getting closer.

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