Home Depot Foundation framing homes for Habitat project
The Home Depot Foundation is helping frame 48 homes for the Habitat for Humanity Jimmy and Rosalynn Carter Work Project this week in Mississippi, according to a statement from the charity organization.
The deal is part of the 25th annual “Framing Frenzy” event sponsored by the Jimmy and Rosalynn Carter Work Project taking place in the Gulf Coast through May 16. The week-long event started on May 11.
The Home Depot Foundation has committed more than $600,000 in cash and gift-in-kind products to the project, which aims to build healthy, affordable homes in partnership with families in need. The foundation also lent around 100 volunteers from Home Depot and the company’s vendor partners.
“Their support more importantly is a measure of the commitment they have to families so severely impacted by the hurricanes of 2005,” said Jonathan Reckford, CEO of Habitat for Humanity.
The homes will be completed by Habitat for Humanity of the Mississippi Gulf Coast by the end of the year.
The Home Depot Foundation has been in operation since 2002, with the goal of building green and affordable homes for families in need.
Masco names new builder group president
Building products manufacturer Masco has named Timothy Yaggi to the position of group president-North America Builder Group.
Yaggi will be responsible for the company’s Contractor Services, Service Partners, Builder Cabinet Group (including Merillat and Quality Cabinets), Masco Framing and Milgard Windows and Doors.
Yaggi comes to Masco from Whirlpool, where he has worked since 1994; he most recently served as executive vp-market operations, North America. There, he had responsibility for brand marketing, product management and development, and sales and supply chain management. Throughout his career at Whirlpool, he held a number of senior management positions involving global brand management, product development and strategy, the company said in a statement.
Headquartered in Taylor, Mich., Masco’s brands include Delta Faucet, Behr paint and numerous other building materials brands.
Urban Outfitters launches lawn and garden retailer
Urban Outfitters Inc., a lifestyle consumer products company best known for clothing retailers such as Anthropologie, Free People and Urban Outfitters, has launched a lawn and garden format called “Terrain,” opening its first store last month in the Philadelphia area.
The Philadelphia location, called Terrain at Styer’s, sells plants, indoor and outdoor furniture, pottery and antiques, and also offers a landscape design service. It replaces a local nursery called Styer’s located near Chadds Ford, one of Philadelpia’s wealthiest suburbs. Urban Outfitters acquired Styer’s in February; information about the store can be viewed at ?terrainathome.com.
“The reason we did it is it’s an $85 billion market, dominated by Home Depot and Lowe’s, who do about 35 percent of the volume,” Urban Outfitter’s CFO John Kyees said recently at a Lehman Brothers retail conference. “The rest of the market is entirely fragmented, with a bunch of mom and pops.”
Kyees said Terrain will be targeted at the wealthy baby boomer customer. “They are hitting an age when they’re spending more in their retirement years than they were when they were working,” he said. “We think that the potential is probably 50 stores doing $20 million a store.”
Urban Outfitters Inc. is a specialty retailer and wholesaler with 122 Urban Outfitters retail stores in the United States, Canada and Europe; 106 Anthropologie retail stores in the United States; and 14 Free People stores. The company’s wholesale division sells its product to approximately 1,500 specialty stores, department stores and catalogs.