Content about Home Depot News

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.

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 5, 2014

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

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 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.

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.

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