Home Centers

The growing mobile storage services industry has found fertile ground at Lowe's Home Improvement stores.

Two 40-year-old military veterans, boyhood friends who grew up in Bloomington, Ind., have sold a new antimicrobial product to Home Depot after developing it in a regional think tank, according to an article in the Indianapolis Business Journal. 

While Lowe’s offer sheet said it would protect Canadian jobs – or even expand them – if it were to acquire Quebec-based RONA, the Canadian Teamsters aren’t so sure.

The Teamsters Union in Canada has come out against a Lowe’s takeover play for RONA, which the Teamsters describe as “a Québec jewel in the hardware and renovation industry.”

He will be tasked with creating a customer-centric approach to the company's category management strategy.

The Fifth District Court of Appeals upheld its December 2010 decision in favor of Menards, ruling that a lawsuit brought against the company by Anne Ramsay be dismissed without being brought before a jury. 

Home Depot has partnered with Southwest Windpower, a manufacturer of residential wind generators, to offer the Skystream 3.7 wind turbine at select Home Depot stores. 

The installed program will be offered in Home Depot stores in Texas, Nevada, Idaho, Utah, Wyoming and California. The company said it plans to expand the program to windy locations across the United States.

As The Home Depot holds its annual shareholders meeting today, it announced its 97th consecutive cash dividend.

The company announced that its board of directors declared a first-quarter cash dividend of 25 cents per share. The dividend is payable on June 30 to shareholders of record on the close of business on June 16. The dividend -- the same amount it paid last quarter -- marks the 97th consecutive quarter Home Depot has paid a cash dividend.

The company's shareholders meeting takes place today at the Cobb Galleria Centre in Atlanta.

Commentary: Change is coming faster than expected to the grocery chain with a price-perception problem.