0

Is Home Depot a Safe Bet During the Pandemic?

Posted on

With fiscal second-quarter sales growth of 23.4%, it’s safe to say Home Depot (NYSE: HD) has performed quite well during the coronavirus pandemic. As an essential business, the home improvement behemoth was able to keep its doors open to serve the needs of millions of shoppers.



a close up of a newspaper: Is Home Depot a Safe Bet During the Pandemic?


© Provided by The Motley Fool
Is Home Depot a Safe Bet During the Pandemic?

Its stock price has risen 30% so far this year, driven by impressive results from the do-it-yourself (DIY) segment. But for Home Depot to position itself for long-term success, its Pro business is the key.

Loading...

Load Error

Pandemic-fueled growth

From fiscal 2009 through fiscal 2019, Home Depot’s sales increased at a compound annual rate of 5.2%. The company has largely left its store growth unchanged with less than 50 net additions in that 10-year period, but management introduced initiatives like the One Home Depot strategy to boost efficiency within

Read More

0

The Home Depot Announces 2020 Innovation Award Winners

Posted on

Breakthroughs in cooking take top two spots

ATLANTA, Oct. 7, 2020 /PRNewswire/ — The Home Depot® today recognized the latest product innovations to hit shelves, in store and online, with the announcement of its 2020 Innovation Award winners. Supporting its DIY and Pro customers, the retailer, its merchants, and suppliers have continued to bring state-of-the-art products to the market throughout 2020.   


The Home Depot announces 2020 Innovation Award Winners

This year, The Home Depot’s overall Innovation Award winner and first runner up define innovation in cooking platforms. From frying to grilling and smoking, the top two products elevate the at-home cooking experience. In addition to appliances and grills, finalists cover categories from across the home including lighting, home security, flooring and more.

Top winners include:  

Overall Winner: The Frigidaire Air Fry Range by Electrolux saves time and space with its all-in-one stove, oven and new Air Fry Range cooking capabilities. The large-scale cooking capacity features no-flip

Read More

0

Tornado-damaged Home Depot is rebuilt and ready to open a year later

Posted on

Just shy of a year after a tornado destroyed their Home Depot, employees who escaped being hurt are ready to reopen a rebuilt store that incorporates the home improvement retailer’s latest ideas.

The new Home Depot opens Thursday at its original spot on Forest Lane just east of North Central Expressway. Ten tornadoes on Oct. 20, 2019, caused $2 billion in damage to homes and businesses in Dallas, Richardson and Garland.

Store manager Jonathan Shields said about 50 of his former employees are back, and the store has hired another 150 people and plans to add as many as 50 more.

Three of Shields’ four assistant store managers returned, including Jordan Jasper, who made the fortunate call to send his co-workers home early on Oct. 20 after hearing the weather forecasts and likely saving some lives.

Jasper was honored at a ceremony attended by 500 area Home Depot employees a

Read More

0

Home Depot Names Merchandising Chief Decker President and COO

Posted on

Home Depot  (HD) – Get Report named a new president and chief operating officer — Edward Decker, who currently is its executive vice president of merchandising.

Decker, 57, earlier had held the post of senior vice president of retail finance, pricing analytics, and assortment planning at the Atlanta home-improvement chain. He joined Home Depot in 2000. The president and COO positions are new at Home Depot.

Home Depot shares recently traded $276.56, down 0.4%, on a down day on Wall Street. The stock has advanced 55% over the past six months as consumers, locked down during the pandemic, put a lot into fixing up their homes.

In addition to Decker’s appointment, Ann-Marie Campbell has been named executive vice president of U.S. stores and international operations. She adds responsibility for all operations, business functions and strategy for the Canada and Mexico businesses.

And Jeff Kinnaird has been named executive

Read More

0

Home Depot Appoints Edward Decker As New President And COO – Quick Facts

Posted on

(RTTNews) – Home improvement retailer Home Depot, Inc. (HD) announced Friday that Edward “Ted” Decker has been named president and chief operating officer, effective October 5, 2020. Decker, a 20-year veteran of the company, has served as executive vice president of merchandising since 2014.

In his new role, Decker will assume additional responsibility for global store operations, global supply chain, and outside sales and service.

Ann-Marie Campbell has been named executive vice president of U.S. stores and international operations. The presidents of The Home Depot Canada and The Home Depot Mexico will now report to her. Campbell, a 35-year veteran of The Home Depot, will now lead more than 2,200 stores and 400,000 associates.

Jeff Kinnaird has been promoted to executive vice president of merchandising, reporting to Decker. Most recently, he was president of The Home Depot Canada.

Michael Rowe has been promoted to president of The Home Depot Canada.

Read More

0

Google Chromecast hits Home Depot shelves ahead of official launch, report says

Posted on

google-android-tv-sabrina-watermarked-4

We’re just two days away from the new Chromecast, but some people have been able to buy it already. 


XDA Developers

Two days before Google’s Pixel 5 event, the company’s rumored new Chromecast has been spotted for sale at Home Depot for $50. People on social media as well as tech site The Verge said they were able to purchase the still unannounced streaming device at the home improvement retailer. The receipt listed the new Chromecast as “Sabrina-Abbey Rock Candy,” the hardware’s codename, according to The Verge. 

Read more: Best streaming device of 2020: Roku, Apple TV, Fire Stick, Nvidia Shield and more compared

CNET has reached out to Google for comment, and we’ll update when we hear back.

The new device apparently isn’t available at all Home Depot locations, so

Read More

0

Home Depot Has Long Dominated America’s Newest Pastime: Home Improvement Projects

Posted on

It all started with a firing—a very foolish one.

In 1978, Bernie Marcus and Arthur Blank were executives at Handy Dan, a home improvement chain based in Southern California. Despite the business being very profitable, the pair had begun to tinker with a new idea. By lowering prices, they found, the stores’ volume shot up, making Handy Dan even more money. The executives had planned to implement that strategy systemwide, but they never got the chance. Corporate raider Sanford C. Sigoloff—who liked to call himself the “Skillful Scalpel”—took over the company, and deciding to save himself two salaries, got rid of Marcus and Blank.

That one decision probably prevented Handy Dan from becoming America’s home improvement leader. Instead, that honor would go to a place called The Home Depot.

Recruiting investment banker Ken Langone and retailer Pat Farrah, who’d run National Lumber and Supply Company, Marcus and Blank opened up

Read More

0

Forget Coca-Cola, Home Depot Is a Better Dividend Stock

Posted on

Finding a good dividend involves more than just screening for high yields and long track records of annual payout raises. Many blue chip businesses would show up in that search, but only a few of these stocks will end up generating the type of market-thumping returns that income investors are reaching for.

That fact shines through when stacking up two Dow giants, Coca-Cola (NYSE:KO) and Home Depot (NYSE:HD). While the beverage titan has plenty of attractive investment qualities, Home Depot looks like the better dividend stock right now.

A couple shopping for appliances.

Image source: Getty Images.

More ammunition

Sure, Coca-Cola pays a higher yield today, at over 3% compared with Home Depot’s 2%. But that gap is mainly due to investors’ judgments about the two companies diverging growth outlooks. Consumers are more focused on home improvements thanks to pandemic-related changes to shopping and work habits. These shifts have moved against Coke by severely

Read More

0

Will a Housing Market Crash Affect Home Depot Stock?

Posted on

Will the housing market crash again? Maybe. Many aspects of the economy are cyclical, and housing prices do occasionally fall. Is a housing crash imminent? That’s harder to answer.

Some have sounded the alarm on housing for good reason. Consider the famous Case-Shiller Home Price Index, an inflation-adjusted metric created by Standard & Poor’s tracking housing prices. The index’s value was 100 back in the year 2000 and had been close to 100 when applying the index’s criteria backward to the 20th century. But since 2000, it has risen above 180 on two occasions. The first time preceded the housing crash of the Great Recession.

The second time the Case-Shiller index exceeded 180 is right now. In reality, it passed the mark way back in 2016, and it’s currently around 215. So no need to panic: Crossing 180 doesn’t immediately flip a housing-crash switch. It just shows housing prices have

Read More

0

MVRDV’s mirrored art depot is topped by a public garden

Posted on

Work is nearing completion on a new art depot by MVRDV that offers visitors insight into the world of art preservation and restoration. Named Depot Boijmans Van Beuningen, the project features an eye-catching mirrored facade and is topped by a public garden.

Depot Boijmans Van Beuningen looks a bit like an oversized mixing bowl and reaches a height of 34 m (111 ft) in Rotterdam. The project was first unveiled back in 2015 and will host an open day in September 2020, after which the artworks will be carefully moved in. It’s due to open its doors to the public a year later in September 2021.

Depot Boijmans Van Beuningen's rooftop park will be open to the public
Depot Boijmans Van Beuningen’s rooftop park will be open to the public

Winy Maas

The rooftop garden area, which will also include a restaurant, is currently being planted with a total of 75 birch trees using a crane to get them up there. Once

Read More

1 2