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HCN Stock Watch: Our two CENTs

BY HBSDEALER Staff

In the aftermath of its bad-news fourth quarter earnings report, Central Garden & Pet (CENT) was down considerably again on Thursday.

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Home Depot doubles down on same-day shipping

BY HBSDEALER Staff

The Home Depot’s focus is moving from building new brick-and-mortar stores and toward building its online business in fiscal 2014. The move, among other things, will mean same-day shipping for its customers.

According to a report in the Wall Street Journal Wednesday, the retailer plans to spend at least $300 million on this aspect of its business in the fiscal year beginning in February, which includes the building of three new fulfillment centers in California, Atlanta and Ohio over the next two years.

However, Home Depot confirmed to HCN that same-day delivery — as opposed to shipping — is not part of its vision, at least in any novel sense; some Pro customers have already been availing themselves of both services.

The retailer will be buffing up its warehouse technology systems and looking to move some of its online order fulfillment to its stores, which will enable it to deliver as much as 90% of orders within two days. With the new supply chain capabilities, customers will also be able to place orders by 5 p.m. to take advantage of same-day shipping. 

"The new DFCs will dramatically increase the number of orders we can ship the same day they are received, which significantly expands the number of orders we’ll be able to deliver within two days or less," said Home Depot spokesperson Meghan Basinger. "With that same-day shipping capability, these centers are geographically positioned to leverage parcel freight carriers’ networks."

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K.Dove says:
Feb-06-2014 06:43 pm

Great post!
Great post!

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Tucker Carlson to speak at NLBMDA Spring Meeting

BY HBSDEALER Staff

The National Lumber and Building Material Dealers Association announced that Tucker Carlson is set to speak at the 2014 Spring Meeting and Legislative Conference LuDPAC fundraising luncheon.

Carlson, the co-host of Fox and Friends Weekend and the editor in chief of The Daily Caller, is currently working on his third book. A contributor to Esquire and The New York Times magazine, he has also served as co-host of Crossfire on CNN, as well as a weekly public affairs program on PBS.

The LuDPAC luncheon speech is stand alone, ticketed event.

The Spring Meeting & Legislative Conference, organized by the NLBMDA and the Window & Door Manufacturers Association, is scheduled to take place between March 31 and April 2 in Arlington, Va.

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