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SATURDAY, NOVEMBER 21, 2009
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NEWS ABOUT: Home Depot

Home Depot stories: 24 news summaries

1 - 20 of 24 Stories | 1 2 Next >>

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 DIY Projects Go Frugal 


Aug 22, 09 7:26 AM CDT
(Newser) - With the five-figure granite-countertopped kitchen overhaul now an emblem of prerecession excess, home-improvement chains are seeking a new niche for themselves in more frugal times, the New York Times reports. DIY projects these days have shifted from upgrades to maintenance—consumers won't redo the bathroom but will fix the leaky... More »

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home improvement • recession • Home Depot • Lowe's

 Lousy Retail Sales Will Delay Recovery

Recession isn't over
as far as consumers
are concerned

Aug 19, 09 8:38 AM CDT
(Newser) - If the recession is indeed waning, nobody told consumers. Retailers of every kind reported lousy sales for the quarter ended Aug. 1, the Wall Street Journal reports. Target’s same-store sales fell 6.2%, Home Depot’s dropped 9.1% and Saks’ plummeted a whopping 15.5%. And with... More »

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retail • recession • consumer spending • Home Depot • retail sales • Target • retail stores • economy • Saks • financial crisis • recession depression • retail sector

MARKETS

 Retail Gains Drive Dow Up 83 

Signs of life from the consumer help stocks rebound

Aug 18, 09 3:15 PM CDT
(Newser) - Positive retail reports helped get stocks back on track today after recent declines, the Wall Street Journal reports. Home Depot, Target, and Saks saw smaller-than-expected declines in quarterly profit, while discount chain TJX reported a 31% gain. The Dow rose 82.60 to close at 9,217.94. The Nasdaq... More »

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Dow Jones • Nasdaq • Home Depot • TJX • retail sales • Target • S&P 500 • Saks

MARKETS

 Housing Data Put Dow Off 29 


May 19, 09 3:12 PM CDT
(Newser) - Yesterday’s housing-fueled rally didn’t carry over into today’s session, the Wall Street Journal reports, in part because of poor indicators from that same industry. April saw a 12.8% reduction in buildings starting construction; Home Depot dropped 5%. Still, a metric of investor anxiety today fell to... More »

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NASDAQ • New York Stock Exchange • Dow Jones • construction • Home Depot • S&P 500 • housing sector • investor confidence

MARKETS

 Dow Up 235 on Housing Hopes 


May 18, 09 3:11 PM CDT
(Newser) - Markets rose significantly today on indications of a turnaround in the housing sector, the Wall Street Journal reports, with an industry confidence metric at its highest since September 2008. Financials—Bank of America was up 9.8%—led the S&P to a symbolic close above 900. The Dow was... More »

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NASDAQ • Bank of America • Dow Jones • recession • Home Depot • Lowe's • housing industry • financial sector • S&P 500

MARKETS

 Dow Ticks Up 38 Amid Layoffs 

Home sales report boosts stocks

Jan 26, 09 3:16 PM CST
(Newser) - Stocks closed with mild gains today even as US firms announced roughly 50,000 job cuts, the Wall Street Journal reports. The market was buoyed by a report that home sales are picking up as buyers take advantage of low prices. The Dow closed up 38.47 at 8,116.... More »

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Dow Jones • Pfizer • home sales • Nasdaq • Home Depot • Sprint • S&P 500

 Home Depot Hacks 7K Jobs 

Home-improvement giant having rough time in slow housing market

Jan 26, 09 8:36 AM CST
(AP) - Home Depot says it's cutting 7,000 jobs and closing its smaller Expo chain as the recession continues to batter the nation's housing market. The nation's largest home-improvement retailer says the cuts announced this morning will affect about 2% of its workforce. Its core Home Depot stores won't be affected. More »

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layoffs • housing market • Home Depot • economy • job • financial crisis • economic downturn • Expo Design Centers • YardBIRDS • recession depression

 Home Depot Dumps Olympians 

Program helped win 95 gold medals

Jan 8, 09 7:44 AM CST
(Newser) - Home Depot is ending the high-profile sponsorship program under which hundreds of US athletes have had the opportunity to chase Olympic gold. The company denied that the slumping economy was behind the decision, the Atlanta Journal-Constitution reports. But a marketing expert said, “In tough times like these, companies are... More »

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NFL • MLB • NASCAR • 2008 Beijing Olympics • Home Depot • Olympic Games • Paralympics • corporate sponsorship • big-box retailers

Overbuilding Leaves Malls Under-Occupied

Retail space glut likely to well outlast current economic slowdown

Sep 10, 08 10:15 AM CDT
(Newser) - A decade of rapid expansion by developers and an increase in store closings has created a glut of space in malls that could persist for years, the Wall Street Journal reports. “There were a lot of projects that shouldn't have been built” during the past decade, the CEO of... More »

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Home Depot • mall • retailing • commercial real estate • DeBartolo Development

MARKETS

 Losses Continue for 2nd Day 

Stagflation stalks the Street; retailers post poor results

Aug 19, 08 3:31 PM CDT
(Newser) - Stocks fell today for a second straight session as doubts about financials persisted and economic news painted gloomy outlooks on inflation and housing, MarketWatch reports. Disappointing quarterly reports from the retail sector made a bad situation worse. The Dow fell 130.84 to 11,348.55, the Nasdaq 32.62... More »

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retail • Dow Jones • Staples • Nasdaq • Home Depot • AIG • housing starts • S&P 500 • Saks • financial stocks • wholesale prices • financial crisis

Wal-Mart Leads Feb. Retail Rally

Overall sales jump doubles expectations, calms consumer spending fears

Mar 6, 08 10:47 AM CST
(Newser) - Big retailers showed unexpected signs of life in February, beating weak sales predictions to inject some hope into the market. Wal-Mart led the way, posting a 2.6% same-store increase, beating its own predictions of flat-to-2% growth. Overall, same-store sales climbed 1.9%, with more than half of retailers beating... More »

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retail • Costco • JCPenney • Sam's Club • Macy's • consumer spending • Home Depot • retail sales • Target • Victoria's Secret • Sears • National Retail Federation • Wal-Mart • Abercrombie & Fitch • American Eagle • BJ's Wholesale Club • Thomson Financial Same Store Sales Index • Kohl's • Saks • Gap • Banana Republic • Limited • Buckle • Pacific Sunwear • Wet Seal • Aeropostale

Dour Housing Market Slams Home Depot Q4 Results

Profits drop 27%, and the company says 2008 isn't looking very bright

Feb 26, 08 8:23 AM CST
(Newser) - Continuing US housing market woes, showing no signs of letting up, helped drag Home Depot’s fourth quarter profits down 27% over the same quarter last year, to $671 million from $925 million. The world’s largest home-improvement retailer also predicted fiscal-year earnings will drop 19% to 24%, more than... More »

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home improvement • housing market • construction • corporate earnings • Home Depot • Robert Nardelli • Lowe's • retail sales • housing crisis

Retailers Bully Shoplifters for $$

'Civil recovery' systems using threat of legal action to extort funds

Feb 20, 08 2:00 PM CST
(Newser) - A system designed to compensate retailers for losses incurred by shoplifters has few controls to prevent the extortion or harassment, the Wall Street Journal reports. “Civil recovery” laws allow retailers to turn the names of suspected shoplifters over to collection agencies who demand fees of $200 or much more—... More »

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retail • business • shoplifting • Home Depot • Walgreens • National Retail Federation • Wal-Mart • civil recovery • collection agencies • Civil Demand Associates • Lord & Taylor • Palmer Reifler & Associates • Fair Debt Collection Practices Act • Zellman Group • Beall's

Dreary Housing Market Nails Home Depot

Third-quarter net
income plunges 27%

Nov 13, 07 7:31 AM CST
(Newser) - A weak housing market hammered Home Depot’s third quarter, sending revenues down 4% and cutting net income 27%, reports the Wall Street Journal. The Atlanta-based retailer today said net income fell to $1.09 billion compared to $1.49 billion a year ago. “We are facing a... More »

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housing market • corporate earnings • Home Depot • third quarter earnings

Activist Investor
Amps Up for
Sprint Fight

CEO slayer wants change at carrier

Oct 4, 07 10:40 AM CDT
(Newser) - Ralph Whitworth isn’t happy with Sprint’s priorities or its management, and he’s one shareholder the wireless carrier can’t just laugh off. The principal of Relational Investors has parlayed small shares in Home Depot and Sovereign into the sacking of those corporations’ CEOs; now he says he’... More »

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CEO • Home Depot • Sprint Nextel • Ralph Whitworth • Relational Investors • Sprint • Gary Forsee • WiMax • Sovereign

Stocks Edge Up in Balancing Act

Retailers’ sales sink as homes out-perform expectations

Sep 25, 07 3:44 PM CDT
(Newser) - Stocks rose slightly today as retail woes were somewhat offset by August home sales that outperformed expectations, MarketWatch reports. Led by Microsoft, which rode the release of “Halo 3” to a 1.5% jump, the Dow climbed 19.59 to 13,778.65. The S&P dipped 0.52... More »

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stock market • Microsoft • Federal Reserve • Dow Jones • consumer confidence • Nasdaq • Home Depot • Halo 3 • Target • S&P 500 • Wal-Mart

Home Depot Deal Renovated

Price for wholesale unit slashed

Aug 27, 07 5:37 AM CDT
(Newser) - The sale of Home Depot's wholesale supply unit—threatened by the credit crisis —is going ahead after tense negotiations between Home Depot, private equity firms buying the company and banks providing the financing. Home Depot slashed its price 18% to $8.5 billion and guaranteed some of the loans... More »

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private equity • Bain Capital • LBOs • Merrill Lynch • Lehman Brothers • Home Depot • buyout • credit crisis • HD Supply • Clayton Dubilier and Rice • JPMorgan Chase

Banks Might Derail Home Depot Deal

Private equity threatens lawsuit as financing dries up

Aug 24, 07 7:10 AM CDT
(Newser) - The pending sale of part of Home Depot took an ugly turn last night as three banks and three private equity firms entered into a showdown over financing. Home Depot dropped its asking price by over $1 billion, but the banks involved—JPMorgan Chase, Lehman Brothers and Merrill Lynch—have... More »

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private equity • Carlyle Group • Bain Capital • Merrill Lynch • Lehman Brothers • Home Depot • buyout • credit crisis • JPMorgan Chase

Stocks Stall Amid Continued Anxiety

Traders watch, wait
as Fed weighs
interest  rate cut

Aug 23, 07 4:33 PM CDT
(Newser) - The Dow dipped a quarter-point to close at 13,235.88 today as investors continue to fret over the possibility of a Fed interest rate cut. The S&P 500 dropped 1.57 to 1,462.5, and the Nasdaq fell 11.10 to 2,541.70. Home Depot led... More »

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stock market • Wall Street • Bank of America • investors • Federal Reserve • Dow Jones • Home Depot • interest rate • Countrywide

Credit Crunch Hits Bond Market

Tight corporate borrowing could slow economy

Aug 20, 07 3:36 AM CDT
(Newser) - Ripples from the credit crisis have reached the corporate bond market—threatening to slow down the economy by seriously limiting the ability of major corporations to borrow money for new projects,  the Washington Post reports. Credit problems have already begun to bite into the future plans of Hertz, ... More »

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Federal Reserve • General Electric • money • Johnson and Johnson • US economy • Home Depot • Countrywide • bond market • Deere and Co • Wal-Mart

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