Home Depot is laying off employees within its U.S. exterior installation staff, Business Insider reports. According to the article, the layoffs affect fewer than 1,000 employees. “After reviewing the installation business, we’ve decided it’s right to wind down our roofing, …
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Big Boxes Seek to Improve Customer Experience
Big-box retailers Home Depot and Lowe’s are both aiming to improve their overall customer experience in 2019, according to separate reports. Home Depot is in the process of uniting its online and offline operations, a move that could change the …
Read More »Lowe’s and Home Depot’s Differences Began Early
Home Depot is about 30 years younger than Lowe’s, but is now by far the home improvement industry leader in overall sales. Speaking to Seth Basham, managing director of equity research at Wedbush Securities, Business Insider outlines key differences between …
Read More »Lowe’s Snags Another Top J.C. Penney Exec
Lowe’s has hired a second high-profile J.C. Penney executive, just two months after successfully recruiting the department store chain’s CEO. On July 20, Lowe’s named Joseph M. McFarland III as executive vice president of stores, effective Aug. 15. He will oversee Lowe’s …
Read More »Home Depot Adds Home Decor Inventory
The Home Depot is adding home decor to its product offerings, Forbes reports. In an email sent to customers, the company confirms it’s planning to add furniture, bedding material, wall decor, tabletop accessories and other home accents to its inventory. …
Read More »Big Boxes Installing In-Store Pickup Options
Home Depot and Walmart have both recently installed in-store pickup options for online orders, USA Today reports. Customers who make online purchases from Home Depot can come to participating locations, unlock one of the pickup lockers and retrieve their merchandise …
Read More »Tesla Ending Home Depot Partnership at Year-End
Tesla will cease selling its solar products at Home Depot by the end of the year, ending a brief retail partnership. Tesla began selling solar panels and batteries in Home Depot early this year, planning to create dedicated space for …
Read More »Home Depot Spending $11B on ‘Internal Improvements’
Home Depot is investing about $11 billion in “internal improvements,” including more distribution centers, The Atlanta Journal-Constitution reports. The Atlanta newspaper, which is located near Home Depot’s headquarters, interviewed company CEO Craig Menear about the retailer’s plans for growth. Rather than …
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