Tag Archives: Home Depot

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

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 »

Last updated: April 29, 2014

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 »

Last updated: April 9, 2014

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 »

Last updated: April 2, 2014