Home Depot News

The former Home Depot CEO has resigned from his post as CEO of Cerberus Operations and Advisory Co. 

Nardelli will continue to serve as adviser to Steve Feinberg, CEO of Cerberus Capital Management. Nardelli will also focus on his own investing company, called XLR-8.

John Donahoe, president and CEO of eBay, during a Jan. 18 earnings call expanded on the test of PayPal with retailer Home Depot. 

A division of EBay, PayPal is experimenting with extending its on-line payment system to point-of-sale retail locations. In the fourth quarter of 2011, it chose Home Depot as its first national retailer for a limited test at five stores. PayPal plans to widen the pilot to 51 stores in the Bay Area by the end of the month, Donahoe said.

He explained to investors how the payment process worked by relating his own experience.

When Bernie Marcus talks, people listen. That’s one reason you can catch him on the television business news programs.

Home Channel News spoke to the co-founder of The Home Depot for the purpose of promoting the 30th anniversary of the City of Hope research and treatment facility. Of course, the conversation strayed to home improvement. One of his lessons to retailers of any stripe: Keep your eyes open.

Former Home Depot executive Troy Rice has joined Office Depot as EVP retail as the office products company continues to build out its senior leadership team in the wake of its merger with OfficeMax.

Rice replaces Juan Guerrero and will report directly to Roland Smith, chairman and CEO of Office Depot.

RSI is recalling four models of Glacier Bay-branded bathroom medicine cabinets, sold exclusively at Home Depot between August and October of 2013.

According to the Consumer Product Safety Commission (CPSC), the mirror on the back panel has demonstrated a tendency to fall out, posing an injury risk to consumers.

There have been two reported incidents of the mirror detaching and falling out, though no injuries have been reported.

Home Depot will be shifting health coverage for roughly 20,000 part-time workers, who will qualify to seek plans on the new public marketplace exchanges under the Affordable Care Act, according to mutliple media reports.

The part-timers were previously covered under a limited liability medical plan that provided coverage of up to $20,000. Companies will be unable to offer these plans after Dec. 31. Enrollment for government-subsidized healthcare begins Oct. 1.

The Home Depot's Craig Menear, executive VP merchandising, said the company's strong 4.3% comp-store sales performance in the second quarter was boosted by outdoor projects, storm-related repairs and steady strength in core departments.

Performance was aided by Home Depot's improved supply chain and merchandising tools, he said.

Customer service, glue traps and corporate democracy were among the issues on the table at a wide-ranging Home Depot annual shareholders meeting in Atlanta Thursday.

Home Depot’s shareholders approved the company's recommendations for its board of directors and executive pay structure. And it defeated a shareholder proposal regarding shareholder control of corporate political gifts.