Lumber deflation and a wet start to spring drove a dip in Home Depot's sales, just as it did in the first quarter.
Latest In The Home Depot
After re-acquiring HD Supply in 2020, The Home Depot reveals plans for the MRO distributor’s role in expanding market reach.
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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.
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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.
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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.
The energy will generate the approximate equivalent of nearly 8% of the company's total electricity usage, The Home Depot said.
The company also reaffirmed its fiscal 2022 guidance, including comparable sales growth of approximately 3%.
It’s designed to connect skilled tradespeople to hiring trades professionals in the construction and home improvement industries.
The reporting will expand on information previously provided in Home Depot's ESG report.
The home improvement company said its year-over-year second-quarter sales increased 6.5%, or $2.7 billion.
Despite impressive first-quarter sales and profit numbers for major distributors, stakeholders may still notice a hint of caution in the air as the calendar turns to summer. Download MDM's May 2022 Premium Monthly issue to read more.
MDM’s Mike Hockett dives into the latest numbers from the home improvement retail giants, where much of growth has been powered by Pro customers.
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The home improvement company also reported fiscal first-quarter 2022 net earnings of $4.2 billion.
The home improvement company named Matt Carey EVP of customer experience and Fahim Siddiqui as EVP and chief information officer.
