Content about Home Depot News

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 5, 2014

Home Depot says it continues to study its Internet security amid signs of a data breach.

During a presentation at a Goldman Sachs retailing conference this week, Home Depot CEO Frank Blake hit the topic head on.

September 3, 2014

Home Depot advised customers that whatever the result of the retailer’s probe into a possible payment data breach, customers will be off the hook for fraudulent transactions.

That reassurance appeared in a statement under the headline “Message to our customers about news reports of a possible payment data breach,” on the company’s web site.

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. 

September 2, 2014

Gaven Gregory, executive director of the Home Depot Foundation, announced last week that the organization's next focus would be on the American Legion -- in the form of a $1 million dedication, to be exact.

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.

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.

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