North Carolina based Lowe’s will be cutting 1,700 middle management positions to make room for part-time workers. The reasoning behind the employment shift is to better serve the company’s customers during the busiest shopping periods. The hiring staff will be adding over 8,000 new part time positions and will take effect on Jan. 29…(read more)
Home Depot suppliers have a new management service provider to help develop compliant panograms. Hamacher Resource Group recently received their certification to be the retail conglomerate’s planogram developer by using JDA Space Planning Software. HRG had to pass “a rigorous certification process” in order to secure services for The Home Depot…(read more)
The Home Depot’s executive VP of merchandising, Craig Menear, was recently honored at the City of Hope cancer and diabetes care center’s “Spirit of Life” Ceremony. During the event, the City Of Hope’s Hardware and Homebuilding industry group was able to raise more than $1 million. Since it’s inception in 1982, City of Hope has been able to raise more than $140 million for various causes that include lifesaving research, treatment and education programs…(read more)
The Home Depot, after a series of highs and lows, reached a new record high price of $36.99. Beginning the day at $36.82, stock value closed at $36.51. The volume capacity of shares traded stood at 11.89 million. The Enterprise Value of the retail conglomerate is $68.15 billion…(read more)
Chief Financial Officer of Home Depot, Carol B. Tomé, is leading the way in enhancing technology for the retail conglomerate. The company is a few weeks away from introducing a new mobile application that will allow shoppers to purchase merchandise from either their iPhone or iPad, making the hassle of carrying credit cards obsolete. Tomé is the leading candidate to be Home Depot’s next CEO. Her appointment to be chief executive depends upon her ability to solve some of the issues the company has been facing on the technological front…Read More
The Home Depot Canada has a new president, Aaron Carmack. Currently the regional VP of the Pac North Region, Carmack will be replacing Annette Verschuren, who has been with the company for 15 years. Mr. Carmack will be overseeing the operations of 179 Canadian stores, effective January 30th, 2011…Read More
On January 12th at the International Builders’ Show, Home Depot and Behr Paint announced the launching of a Pro paint program called Kilz Pro-X. The line will provide 1,300 colors to its consumers and will begin to be rolled out in February. Home Depot plans to have the program available in all 2000 stores by either May or June of 2011…Read More
In order to enhance inventory features, The Home Depot Inc. will be upgrading their e-commerce site to help consumers locate specific products in stores within their local areas. New online features will include a button that consumers can click in order to find out if products are in stock, and if such products are available at any one of five nearest locations. Mobile app. scanning technology will also be rolled out in order to help consumers acquire detailed product information in the forms of video, reviews and Home Depot-specific item descriptions…Read More
Online sales via “The Web” increased 13% to $31 billion, marking a record hike to the end of the holiday season. Consumers logged-on in astounding numbers, particularly buying products on Thanksgiving, Cyber Monday and on the Dec. 17th free shipping cut-off date. Online shopping trends should continue for the near future, but concrete predictions remain unclear…Read More
Southern California rains are being attributed to Costco’s slumping consensus figures. Despite the bad weather, the company’s global sales increased by 11% for the five-week period ending January 2nd. The total company comp estimates were in congruence with analysts’ financial forecasts, yet the U.S. gain of 3% was lower than the 3.9% consensus figure…Read More