Tag Archives: Home Depot

Home Depot Q3 Net Up 13.8 Percent

Home Depot

ATLANTA-Rising sales and controlled expenses helped boost The Home Depot to a 13.8 percent gain in third-quarter net income, which totaled $1.5 billion. Net sales in the quarter, which ended on Nov. 2, reached $20.5 billion, up 5.4 percent from last year’s third quarter. Included in the sales gain was a 5.2 percent increase inMore »

Last updated: November 18, 2014

Powers Tabbed as Home Depot EVP, U.S. Stores

Marc Powers

ATLANTA-The Home Depot (NYSE: HD) has named Marc Powers executive vice president of U.S. stores, succeeding Marvin Ellison, who was named president and CEO-designee of J.C. Penney last week. Powers will assume his new role on Nov. 1, the same date on which Ellison will move to his new post. He will be responsible forMore »

Last updated: October 20, 2014

Marvin Ellison to be J.C. Penney President/CEO

Marvin Ellison

PLANO, Texas–J.C. Penney has appointed Marvin Ellison, currently executive vice president of stores at Home Depot, as president and CEO-designee, effective Nov. 1. He will also join the Board of Directors at that time. Ellison will succeed Myron E. (Mike) Ullman, III, as CEO of J.C. Penney on Aug. 1, 2015. At that time, UllmanMore »

Last updated: October 13, 2014

Home Depot Security Breach Affects 56 Million Cards

Home Depot

ATLANTA–Home Depot said yesterday that as many as 56 million debit and credit cards may have been compromised during a five-month long security breach. The retailer said that it began an investigation into a possible security breach on Sept. 2, immediately after it received reports from its banking partners and law enforcement that criminals hadMore »

Last updated: September 19, 2014

Menear Tabbed as Home Depot CEO

Craig Menear

ATLANTA-Craig Menear, The Home Depot’s president of U.S. retail, will become president and CEO of the home-improvement retailer on Nov. 1. As CEO, Menear will succeed Frank Blake, who will remain chairman. He has also been elected to Home Depot’s board, effective immediately. Menear has been with Home Depot since 1997, and rose through theMore »

Last updated: August 22, 2014

Home Depot Posts 14.2 Percent Gain in Q2 Net

Home Depot

ATLANTA-A better sales performance and discipline in cost control brought The Home Depot a 14.2 percent increase in second-quarter net income, which totaled $2 billion. Net sales in the quarter, which ended on Aug. 3, were $23.8 billion, up 5.7 percent from last year’s second quarter, and including a pickup of 5.8 percent in same-storeMore »

Last updated: August 19, 2014

Decker Named Merchandising Head of Home Depot

Ted Decker

ATLANTA-The Home Depot has promoted Ted Decker to executive vice president of merchandising, responsible for all aspects of the home improvement retailer’s merchandising strategy and operations. Decker will assume his new role on Aug. 4. He will report to Craig Menear, president of Home Depot’s U.S. retail operation. Menear was the previous executive vice presidentMore »

Last updated: July 31, 2014

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 »

Last updated: May 21, 2014