As a record number of tornadoes and flooding continue to affect the Midwest and neighboring states, The Home Depot is supporting clean-up and relief efforts, including a commitment of up to $250,000 by The Home Depot Foundation.
The Home Depot delivered a positive performance in its first quarter, reporting an increase in both net sales and earnings.
The Home Depot said that Carol Tomé, chief financial officer and evp/corporate services, has decided to retire on August 31, 2019, after 24 years of service. Richard McPhail, svp/finance control and administration, will be promoted to evp/chief financial officer following her retirement.
The 2019 National Hardware Show in Las Vegas (May 7-9) marks the 14th year for HomeWorld Business as the show’s official housewares publication. The partnership reflects the commitment by the show to keep housewares in the home improvement retailing spotlight.
The Home Depot is aiming to hire 80,000 associates for its busy spring season with a new hiring technology built by the company’s in-house engineers.
Roadie, a company that uses passenger car drivers to provide home delivery to consumers and other recipients, has gained new funding, including from The Home Depot.
CDP, an environmental impact non-profit, has named The Home Depot to its Climate Change A List for the retailer’s actions to cut carbon emissions and mitigate climate risks.
According to eMarketer, Walmart will overtake Apple to become the third largest e-commerce retailer in the U.S. by the end of the year, with online sales growth outpacing even Amazon.com gains.
The Home Depot exceeded Wall Street expectations in a third quarter when net earnings were $2.87 billion, or $2.51 per diluted share, versus $2.17 billion, or $1.84 per diluted share, in the year-previous quarter.
The Home Depot has appointed Manuel Kadre, chairman and CEO of MBB Auto Group, to its board of directors.
The Home Depot has rolled out express same-day and next-day local delivery for more than 20,000 of its most popular items to 35 major metro areas across the U.S.
The Home Depot Foundation has increased its financial support to $3 million for relief efforts and communities impacted by recent disasters, including Hurricane Florence, Olivia, the California wildfires and flooding in the Midwest.
Home Depot’s earnings and sales soared in the home improvement retailer’s strong second quarter.
The July 23 issue of HOMEWORLD BUSINESS® features the 19th annual Impact Merchants special report. Housewares suppliers, representing the categories that HomeWorld covers, once again were asked to nominate buyers and merchandisers believed to have made a significant impact during the past year.
Lowe’s has appointed Joseph McFarland III executive vice president, stores, effective August 15.
Macy’s has named Naveen Krishna as its new chief technology officer, effective June 16.
Lowe’s has named Marvin Ellison president and CEO, effective July 2. He will also join Lowe’s board of directors at that time. Ellison succeeds Robert Niblock, who previously announced his intention to retire.
Despite a slow start to the spring selling season, Home Depot still showed a strong sales gain in the first quarter.
The National Hardware Show hits Las Vegas May 8 riding a robust home improvement market validated by the strong performance by key retailers in the segment.
To support programs related to its $11.1 billion three-year strategic investment plan, The Home Depot will hire about 1,000 new technology professionals during 2018.