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Economy

“NY Home Depot hires guards, dogs to keep parking lot safe from thieves, aggressive [illegal aliens ]”

“A New York Home Depot has deployed a guard dog — and other stores may be close behind — to protect shoppers from aggressive migrants and thieves flooding their parking lots, The Post has learned… “It’s more about omnipresence,” one… Continue Reading…

Business

“Home Depot’s $18 Billion Acquisition: Genius Move or Waste of Money?”

“…The company just announced its biggest acquisition ever, taking over SRS Distribution for $18.25 billion, including SRS’s debt. Home Depot said the deal would expand its addressable market by around $50 billion, and CEO Ted Decker called SRS “An industry… Continue Reading…

Business

“Home Depot is acquiring specialty distributor SRS for $18.25 billion in huge bet on growing pro sales”

“Home Depot on Thursday said it is acquiring SRS Distribution in an $18.25 billion deal, the latest and largest sign of its ambitions to drive sales by winning more business from contractors, roofers and other home professionals. The home improvement retailer expects… Continue Reading…

Business, Stocks

“Home Depot Tops Earnings Estimates, Launches $15 Billion Stock Buyback”

https://finance.yahoo.com/m/7a5dbac6-51ee-38c9-8218-f8bd736dac4e/home-depot-tops-earnings.html The article is behind a paywall but the headline is useful. There’s a 15 billion dollar buyback.

Business

“Home Depot posts worst revenue miss in about 20 years, lowers forecast as consumers delay big projects”

“Home Depot on Tuesday reported its biggest revenue miss in more than 20 years and lowered its forecast for this year, as consumers delay large projects and buy fewer big-ticket items like patio sets and grills… Home Depot said it now… Continue Reading…

Business

“Home Depot says it will spend $1 billion to give hourly workers a raise”

“Home Depot on Tuesday said it will spend an additional $1 billion to give its hourly employees a raise, as retailers and restaurants compete for workers. The home improvement retailer announced the wage investment as it reported fourth-quarter earnings. It… Continue Reading…

Business

“Home Depot earnings top estimates fueled by 9.8% jump in sales as consumers fix up homes”

“Home Depot on Tuesday reported third-quarter earnings and revenue that beat analysts’ forecasts as customers spent more on home improvement projects. Strong demand is carrying over into the next quarter as the retailer readies for the holiday season. The company’s shares… Continue Reading…

Business

“Home Depot to Buy Former Unit HD Supply in $9.1 Billion Deal”

“Home Depot Inc. agreed to buy building products distributor HD Supply Holdings Inc., reuniting the home-improvement retailer with its former subsidiary more than a decade after they split apart. Home Depot will buy all outstanding shares for about $56 apiece,… Continue Reading…

Business

“Office Depot Plans 1-for-10 Reverse Stock Split”

“Office Depot  (ODP) – Get Report said it would execute a 1-for-10 reverse stock split after the close of trading June 30. In an April 28 Securities and Exchange Commission filing, the Boca Raton, Fla., chain had said the increased price resulting from the split would… Continue Reading…