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Latest Home Depot Inc. Stories

2009-02-24 05:00:00

ATLANTA, Feb. 24 /PRNewswire-FirstCall/ -- The Home Depot(R), the world's largest home improvement retailer, today reported a fiscal 2008 fourth quarter consolidated net loss of $54 million, or a loss of $0.03 per diluted share, compared with net earnings of $671 million, or $0.40 per diluted share, in the same period in fiscal 2007. These results reflect a pre-tax business rationalization charge of $387 million, a pre-tax write-down of the Company's investment in HD Supply of $163...

2009-01-26 14:03:19

Home Depot Inc. said Monday it would close 48 locations and lay off 7,000 U.S. workers as a reaction to the economic environment. The retailer said the move would not impact floor-staff who deal with customers at stores that remain open. However, at its continuing locations, reductions are planned for 10 percent of its managerial staff, about 2,000 jobs, American City Business Journals reported Monday. Home Depot cut 500 jobs a year ago and closed 15 stores at the cost of 1,300 jobs last May....

2008-08-21 03:00:23

CHICAGO - The Home Depot Inc. said Tuesday that its second- quarter profit sank 24 percent and reiterated its downbeat outlook for the year amid a weak housing market that shows no signs of recovery. For the three months ending Aug. 3, the nation's largest home improvement chain said its net income fell to $1.2 billion, or 71 cents per share. That's down from $1.59 billion, or 81 cents per share, during the same period last year. Meanwhile, revenue slid 5.4 percent to $21 billion,...

2006-08-29 18:36:53

By Karen Jacobs ATLANTA (Reuters) - A cottage industry is growing in parts of the U.S. Gulf Coast to help residents displaced by Hurricane Katrina construct cheaper, easy-to-build homes. Backed by do-it-yourself retailers, Lowe's Cos., and Home Depot Inc., new ideas about how to build low-cost homes are giving Katrina victims an alternative to flimsy trailers provided by the U.S. Federal Emergency Management Agency. In Ocean Springs, Mississippi, the first few bare-bones homes...

2006-08-02 14:35:00

By Chelsea Emery NEW YORK -- Receipt in hand, Peter Soltesz expected his trip to Home Depot Inc. to return a $25 faucet part would be quick and uneventful. But the Rockville, Maryland, consultant went home with the part -- and without his cash -- when the clerk insisted on recording his driver's license data. "A driver's license is one of those pieces of key, secure information that identifies me," said Soltesz, a computer and telecommunications specialist. "I'm more than happy to give it to...

2006-06-14 12:55:06

BOSTON (Reuters) - Police are investigating Massachusetts outlets of Home Depot Inc. after discovering caches of cocaine and marijuana stuffed into merchandise at three local branches of the retail chain. The investigation began after a shopper found 40 pounds (18.1 kilograms) of marijuana and three kilograms (6.6 pounds) of cocaine in a bathroom cabinet he had bought at Home Depot, said Lt. David Ricardi of the Southwick, Massachusetts, Police Department. The shopper, a contractor...

2006-02-21 08:22:07

ATLANTA -- Home Depot Inc. is on a mission to give its stores endless aisles. The top home improvement retailer has a bold vision to expand its online sales, including plans to broadcast live product demonstrations and how-to infomercials on its Web site, automation of special-order sales, and new catalogs focused on categories such as outdoor living. The plan includes company-branded kiosks where consumers can surf http://www.homedepot.com and buy goods at any time wherever they are, be...

2006-02-05 11:37:53

By Justin Grant and Karen Jacobs NEW YORK/ATLANTA (Reuters) - Unseasonably warm January temperatures have cooled sales of snow blowers but spurred sales of plants and decking, retailers say. In recent weeks, parts of the United States that typically get snowstorms have seen milder weather. Advisory firm Weather Trends International said that last month was the warmest January for the United States in 112 years. Home Depot Inc., the world's largest home improvement retailer, said...


Word of the Day
malpais
  • The ragged surface of a lava-flow.
'Malpais' translates from Spanish as 'bad land.'