Home Depot reported an improvement in customer demand in 4Q as the company broke a same-store decline in sales which persisted over the past two years.
Latest In The Home Depot
The Savannah DC supports hundreds of Home Depot stores with products and has been crucial in hurricane relief.
The Home Depot partnered with the delivery apps to provide customers with faster, on-demand delivery of home improvement products.
HD expects SRS to contribute approximately $6.4 billion in incremental 2024 sales, according to the company's updated 2024 outlook.
Founding the company with Arthur Blank in 1978, Marcus spearheaded its rapid growth over the next two decades.
A company memo says the policy will help corporate staff understand the challenges and opportunities that store workers face every day.
The company’s organic sales declined by 3.3% year-over-year, while SRS Distribution contributed $1.3 billion in 2Q net sales.
New tech features and a landmark acquisition illustrate the many elephants in the distribution room today.
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The do-it-yourself and contractor supply retailer tapped its online operations lead to take on customer experience.
The company says the deal allows it to better serve the “complex purchase occasion” and establishes it as a leading specialty trade distributor across multiple vehicles.
CEO Ted Decker noted a weather-delayed start to spring and continued softness in certain larger discretionary projects.
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.
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.
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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.
