Mike Hockett and Craig Webb break down the key details of the combination, why it makes sense for Home Depot and why this was likely the long-term play for SRS all along.
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Mike Hockett analyzes different angles of this $18.25 billion megadeal in building materials distribution and the questions it raises for the markets it touches.
Building product distributor SRS Distribution will operate as an independent business unit within The Home Depot and focus on Pro customers.
By the end of 2024, The Home Depot expects to have 17 of its top pro markets equipped with new capabilities for pros.
CEO Ted Decker noted that 2023 was "a year of moderation" for the DIY and contractor supply retail giant.
Construction Resources will allow Home Depot to expand the capabilities it offers professional contractors, a target market for the retailer.
The company said Pro customers outperformed DIY in the quarter, but by the narrowest margin in quite some time.
In line with The Home Depot's efforts to grow its underserved Pro market, the retail giant has named two executives to help lead the charge.
The Home Depot Foundation will expand its current training programs and create new avenues to help fill the country's skilled labor gap.
Lumber deflation and a wet start to spring drove a dip in Home Depot's sales, just as it did in the first quarter.
After re-acquiring HD Supply in 2020, The Home Depot reveals plans for the MRO distributor's role in expanding market reach.
MRO distributor HD Supply has closed its first acquisition since being re-acquired by Home Depot in late 2020.
Vesna Brajkovic details how Home Depot targets a market typically served by wholesale distributors with its plans to be a one-stop-shop for complex contractor projects.
The home improvement retailer recently agreed to pay more than $72M to workers who were denied wages while they were ‘standing around.’
By 2024, the company says it will complete its goal by focusing on reducing fixed costs beyond product and transportation expenses.
Lowe’s reports a more positive outlook on Pro customer sales as projects shrink and Pros work through backlogs.
Lumber deflation and unfavorable weather drove The Home Depot’s earnings in the first quarter of 2023 below expectations.
The company named William 'Billy' Bastek Executive Vice President of Merchandising, effective immediately.
Sales for 4Q 2022 were $35.8 billion, an increase of $112 million (or 0.3%) from the same quarter a year before.
On Jan. 5, the home improvement retailer unveiled three new membership tiers: Member, Elite and VIP.