During its 2017 Investor and Analyst Conference, Home Depot’s board of directors announced plans to initiate a $15 billion share buyback program, Reuters reports. “Since 2002 and through the third quarter of fiscal 2017, [Home Depot] has returned approximately $73 …
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Hurricanes Lift Home Depot in Third Quarter
In its third-quarter financial results released Nov. 14, The Home Depot says sales related to hurricanes “positively impacted comparable store sales growth by approximately $282 million.” The big-box home improvement retailer beat analysts’ projections for its overall sales and its comparable store sales …
Read More »Home Depot Ditches Chemicals, Focuses on Green Goods
Home Depot is following in the footsteps of its big-box competitors like Walmart and Target to “disclose the chemicals in the products they sell and remove them whenever possible,” according to an article by Bloomberg. This news comes out of the company’s …
Read More »Lowe’s, Home Depot Open Warehouses in Hurricane-Affected Houston
Big-box home improvement retailers Lowe’s and The Home Depot each recently opened warehouses in the Houston area to help meet demand for building materials following Hurricane Harvey, reports the Houston Chronicle. According to the newspaper, Lowe’s signed a lease on a 244,000-square-foot …
Read More »Google and Home Depot Team Up for Voice-Activated Ordering
Google and Home Depot recently partnered to allow the big-box retailer’s customers to order home improvement products through the tech company’s voice-activated smart home products, reports Fortune. According to Fortune, the big-box home improvement retailer will sell its products online …
Read More »Home Depot to Pay $5.7M for Allegedly Selling Recalled Products
The Home Depot will pay $5.7 million to the U.S. government as a settlement for selling recalled products, The New York Times reports. From April 2012 to November 2016, the U.S. Consumer Product Safety Commission says the home improvement big-box …
Read More »Home Depot Converts 50 Store Rooftops Into Mini Solar Farms
The Home Depot Inc. will transform 50 of its stores’ rooftops into mini solar farms, according to a report from the Atlanta Business Chronicle. In partnership with Current, a subsidiary of General Electric Company, and Tesla, Home Depot will participate …
Read More »Home Depot Reports Historic Quarterly Sales
The Home Depot reported Tuesday quarterly sales of $28.1 billion for the second quarter of 2017, which is a 6.2 percent increase over the same period last year. “We were pleased with our results this quarter as our customers rewarded …
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