Tag Archives: Home Depot

Home Depot Boosts Q1 Net 12.5 Percent

Home Depot

ATLANTA-With help from the sale of a portion of its equity ownership in HD Supply Holdings, The Home Depot realized a 12.5 percent gain in first-quarter net income, which totaled $1.4 billion. That sale resulted in an earnings benefit, net of tax, of $61 million. Net sales increased 2.9 percent to $19.7 billion in theMore »

DeRodes Named Target CIO

Bob DeRodes

MINNEAPOLIS-Target has appointed Bob DeRodes executive vice president and chief information officer as it continues its efforts to resolve the breach into millions of its customers’ credit-card information, which occurred during the holiday shopping season. When DeRodes assumes his new post on May 5, he will be responsible for the retailer’s technology team and operations,More »

EPA Cites Home Depot as Energy Star Partner of the Year

Home Depot

ATLANTA-The U.S. Environmental Protection Agency has named The Home Depot as a 2014 Energy Star Partner of the Year-Sustained Excellence. The agency cited the retailer “for its outstanding contribution to reducing greenhouse gas emissions through promotion of energy-efficient products,” according to a Home Depot statement. Home Depot has been an Energy Star partner of theMore »

Home Depot Nominates Hewett for Board

Wayne Hewett

ATLANTA-Wayne Hewett, president and CEO of Arysta LifeScience Corp., has been nominated for election to The Home Depot’s board of directors. Hewett has been president and CEO of Arysta LifeScience since 2010. His career also includes more than 20 years with General Electric, serving in such posts as CEO of GE Advanced Materials, vice presidentMore »

Home Depot Net Falls in Q4, Skies for Fiscal Year

Home Depot

ATLANTA-Although net income for the fourth quarter edged slightly downward, The Home Depot ended its fiscal year with an 18.7 percent gain in net income, to $5.4 billion. Net income for the quarter, which ended on Feb. 2, was $1 billion, down 0.8 percent. Net sales for the home-improvement retailer reached $78.8 billion for theMore »

Home Depot Opens Direct Fulfillment Center for Online Business

Home Depot

ATLANTA-The Home Depot has opened a direct fulfillment center (DFC) to bolster its e-commerce business, one of three DFCs the home-improvement retailer plans to open over the next two years. Located in Locust Grove, Ga., the DFC will stock about 100,000 products, extending the company’s capacity of about 35,000 products in each of its stores.More »

Home Depot Expects FY Sales to Rise 5.6 Percent

Home Depot

ATLANTA-The Home Depot said it expects its net sales for the current fiscal year to finish 5.6 percent ahead of fiscal 2012 sales. This growth will include a same-store sales gain of about 7 percent for the year. The home-improvement retailer also said it is projecting a gain of about 24 percent in earnings perMore »

Mohawk Carpet Wins Home Depot Innovation Award

Mohawk

ATLANTA-Mohawk’s Soft Spring Carpet has been cited as a winner in the floor-covering category of Home Depot’s 2013 Innovation Awards. The carpet also received first runner-up honors in the overall Innovation Awards, finishing second to Cree’s LED light bulb.  Second runner-up honors went to Plantation Patterns Patio for its Create Your Own Collection line ofMore »