Home Depot News

  • Home Depot, U.S. Home Systems close merger transaction

    Home Depot and U.S. Home Systems have announced the completion of the merger of USHS with an indirect wholly owned subsidiary of Home Depot. The merger was approved by the stockholders of USHS at a special meeting held on Oct. 26. As a result, USHS became an indirect wholly owned subsidiary of Home Depot.

    Irving, Texas-based USHS is currently an exclusive provider of kitchen and bath refacing products and services, as well as closet and garage organizational systems to Home Depot.

  • Home Depot settles National Guard case

    The Justice Department and The Home Depot have reached a settlement in a case where the government accused the retailer of unlawfully terminating an employee who was a member of the Army National Guard.

  • Multi-state theft ring busted

    An organized retail theft ring that targeted 70 Home Depot stores in six states has been taken down by multi-agency task force after the arrest of three men in New Jersey, New York, and Pennsylvania. Two other suspects are still be sought. 

  • Menear breaks down $23 billion in sales

    The Home Depot’s President of U.S. Retail Craig Menear had plenty of positive numbers to discuss from a merchandising standpoint after the company reported comp-store sales growth of 5.8% in the second quarter.

    All three U.S. divisions had positive comps, and also beat their sales plan, Menear said. Additionally, all departments had positive comps for the quarter, in which Home Depot reported sales of $23.8 billion.

  • S&P raises Home Depot's credit rating

    Citing improved performance, Standard & Poor's announced Tuesday that it is raising its corporate credit rating for Home Depot from "A-" to "A".

    Additionally, the credit ratings agency upped its short-term ratings from "A-2" to "A-1". These increasingly investment-grade ratings point to confidence in the company's ability to meet its financial commitments, with a stable outlook on the ratings.

  • Dave & Buster’s hires former HD real estate exec

    Dave & Buster's, Inc., the chain of restaurant/entertainment outlets, has named John Mulleady as its senior VP development. In addition to overseeing all real estate and construction projects, Mulleady will lead the company's expansion strategy, driving D&B's growth into new and under-penetrated markets. Dave & Buster's currently has 59 locations in the U.S. and Canada, and expects to open several more in the near future.

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