Home Depot

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Home Depot Hack May Have Hit Mostly Self-Checkout Lanes

About 56M credit cards affected, more than at Target

(Newser) - Home Depot released specifics on its security breach today, and it was indeed bigger than the breach at Target: The hardware chain says 56 million credit cards were compromised between April and September at stores in the US and Canada, compared with 40 million in the Target hack , reports USA ... More »

Confirmed: Hackers Breached Home Depot

Home-improvement company doesn't divulge many details

(Newser) - Home Depot admitted today that hackers really did breach the company's payment systems in US and Canadian stores and may have been breaking in since April, the Wall Street Journal reports. The Atlanta-based home-improvement chain said it investigated the hack with banks, law enforcement, and tech security companies like... More »

Home Depot Breach May Be Bigger Than Target's

Chain looks into 'unusual activity' of credit card data

(Newser) - If you shrugged off the recent celebrity hack of private photos, along with the massive Target breach last year, here's one more punch: Home Depot is investigating a potential breach of customer data from credit and debit cards, reports Reuters . The scoop originally came from Brian Krebs of Krebs... More »

At Home Depot: You Can Do It ... in Our Sheds

Until the police arrive, of course

(Newser) - A South Carolina couple looking for a little action decided they'd found just the spot—in the parking lot of their local Home Depot. North Charleston police say they caught Emily Craig, 20, and Shaun Bowden, 31, inside a display shed in a state of undress, reports the Smoking... More »

Home Depot Shopper Grabs Saws, Gashes Own Arms

He's in surgery after gruesome, bizarre incident

(Newser) - A man deliberately cut himself with saws in the aisles of a Home Depot store in suburban Los Angeles yesterday, creating a gruesome scene in front of several customers that left him severely injured, police said. The man was in the store's tool section and went unnoticed until he... More »

For One Military Family, a $20K Holiday Miracle

Dilley family wins massive gift certificate from Home Depot

(Newser) - 'Tis the season ... to report on really great stories like this one. Santa came early for one military family, who found themselves the recipient's of Home Depot's first "Give the Gift of Good" campaign—and walked away with a $20,000 gift certificate for much-needed repairs... More »

US Companies Hiring the Most Employees in 2011

Home Depot and McDonald's lead the way

(Newser) - Most recessions end as small companies regain the capital needed to hire small numbers of workers at a time. That will most likely not happen this time around, however, because smaller companies have little capital and banks are hesitant to give out loans, reports 24/7 Wall Street . So which large ... More »

Obama: Insulation Is 'Sexy'

President goes to Home Depot to pitch 'cash for caulkers'

(Newser) - President Obama set up his official podium at Home Depot today to pitch what some are calling his “cash for caulkers” program. Obama wants Congress to give consumers cash incentives to make their homes more energy-efficient. “I know the idea may not be very glamorous, although I get... More »

DIY Projects Go Frugal

(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 »

Lousy Retail Sales Will Delay Recovery

Recession isn't over as far as consumers are concerned

(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 unemployment,... More »

Retail Gains Drive Dow Up 83

Signs of life from the consumer help stocks rebound

(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 »

Housing Data Put Dow Off 29

(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 »

Dow Up 235 on Housing Hopes

(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 »

Dow Ticks Up 38 Amid Layoffs

Home sales report boosts stocks

(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 »

Home Depot Hacks 7K Jobs

Home-improvement giant having rough time in slow housing market

(Newser) - 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 »

Home Depot Dumps Olympians

Program helped win 95 gold medals

(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 »

Overbuilding Leaves Malls Under-Occupied

Retail space glut likely to well outlast current economic slowdown

(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 »

Losses Continue for 2nd Day

Stagflation stalks the Street; retailers post poor results

(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 »

Wal-Mart Leads Feb. Retail Rally

Overall sales jump doubles expectations, calms consumer spending fears

(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 »

Dour Housing Market Slams Home Depot Q4 Results

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

(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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