City Of Hope Honors Home Depot VP – Craig Menear

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The Home Depot’s executive VP of merchandising, Craig Menear, was recently honored at the City of Hope cancer and diabetes care center’s “Spirit of Life” Ceremony.  During the event, the City Of Hope’s Hardware and Homebuilding industry group was able to raise more than $1 million.  Since it’s inception in 1982, City of Hope has been able to raise more than $140 million for various causes that include lifesaving research, treatment and education programs…(read more)

The Home Depot Inc. Soars To New Heights

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The Home Depot, after a series of highs and lows, reached a new record high price of $36.99.  Beginning the day at $36.82, stock value closed at $36.51.  The volume capacity of shares traded stood at 11.89 million.  The Enterprise Value of the retail conglomerate is $68.15 billion…(read more)

Home Depot’s CFO Focuses On New Technology

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Chief Financial Officer of Home Depot, Carol B. Tomé, is leading the way in enhancing technology for the retail conglomerate. The company is a few weeks away from introducing a new mobile application that will allow shoppers to purchase merchandise from either their iPhone or iPad, making the hassle of carrying credit cards obsolete. Tomé is the leading candidate to be Home Depot’s next CEO. Her appointment to be chief executive depends upon her ability to solve some of the issues the company has been facing on the technological front…Read More

Aaron Carmack Named New Home Depot Canadian President

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The Home Depot Canada has a new president, Aaron Carmack. Currently the regional VP of the Pac North Region, Carmack will be replacing Annette Verschuren, who has been with the company for 15 years. Mr. Carmack will be overseeing the operations of 179 Canadian stores, effective January 30th, 2011…Read More

Pro-Paint Program Being Launched By Home Depot and Behr’s

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On January 12th at the International Builders’ Show, Home Depot and Behr Paint announced the launching of a Pro paint program called Kilz Pro-X. The line will provide 1,300 colors to its consumers and will begin to be rolled out in February. Home Depot plans to have the program available in all 2000 stores by either May or June of 2011…Read More

Home Depot to Roll out New Online Technology

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In order to enhance inventory features, The Home Depot Inc. will be upgrading their e-commerce site to help consumers locate specific products in stores within their local areas. New online features will include a button that consumers can click in order to find out if products are in stock, and if such products are available at any one of five nearest locations. Mobile app. scanning technology will also be rolled out in order to help consumers acquire detailed product information in the forms of video, reviews and Home Depot-specific item descriptions…Read More

Home Depot and Lowe’s viewed favorably by Strategists

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Stock strategists are realizing the financial potential for both Home Depot and Lowe’s. Recent thinking can be attributed to a number of company-specific programs that shift away from square footage growth and concentrate more on store efficiency. The program objective for both these companies is to reduce costs and drive margin expansion…Read More

Home Depot Discusses Private-Label Program

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Executive VP of merchandising for Home Depot, Craig Menear, recently described the process for choosing a private-label brand during the retail conglomerate’s recent Analyst and Investor Conference. The points discussed included innovation and brand relevance, as well as specific financial and quality issues. Both private-label brands and propriety make up about 14% of the home improvement retailer’s business…Read More

Home Depot tests downsized kitchen showrooms

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Home Depot is pondering the idea of scaling back the space it usually provides for kitchen showrooms. Due to the 50% downturn in kitchen industry sales, the company plans to use the space for assembled cabinets and re-facing programs. Home Depot typically dedicates 500 sq. ft. to showrooms and kitchens…Read More

Home Depot 2011 Insights From Its Investor And Analyst Conference

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The Home Depot shared some key planning and financial insights to the business community during the December Investor and Analyst Conference. Among key points highlighted were the company’s projected sales increase for 2011, its plan to open 10 new stores, and its interconnecting retail plan for the New Year. New retail locations will be opening up in Mexico, Canada and the United States. The company also will be rolling out a new mobile application to help customers shop online more efficiently….Read More