Home Depot News

The Home Depot confirmed late Thursday afternoon that the malware that breached its payment systems was now erased, and that the breach is now thought to have affected as many as 56 million cards.

“We apologize to our customers for the inconvenience and anxiety this has caused, and want to reassure them that they will not be liable for fraudulent charges,” said Frank Blake, chairman and CEO. “From the time this investigation began, our guiding principle has been to put our customers first, and we will continue to do so.”

The U.S. Green Building Council (USGBC), in conjunction with The Home Depot, has launched an online green home products database. The database is a special “microsite” within homedepot.com that features products geared toward green home building, many of which may contribute toward earning LEED points and prerequisites for the LEED for Homes program, making it easier for homeowners and builders to find the products they need, according to the joint press release.

The Home Depot has donated $81,000 to a rural retreat for wounded veterans and their families. The money will go toward building a barn and run-in for horses, as well as some garden project at the Boulder Crest Retreat for Military and Veteran Wellness.

Former Home Depot marketing executive Frank Bifulco was named executive VP marketing for Framingham, Massachusetts-based Staples.

In the newly created role, Bifulco will lead marketing across the office supply company's operations.

Home Depot’s fifth annual Spring Black Friday promotional event is underway and one of the “Wow,” items being featured is an outdoor product tool system with the industry's most powerful rechargeable battery.

The Home Depot opened a new store in Minot, N.D., one of only a handful of new store openings in the United States for the world's largest home improvement retailer in recent years.

The 104,000-sq.-ft. store with a 17,000-sq.-ft. garden center also operates an outdoor lumberyard measuring 96,000 sq. ft. 

The store is the second Home Depot in North Dakota, the other being in Fargo, about four hours away. In the United States, the new store brings the Home Depot store count to 1,978, according to the store count stats on the company's website.

The Home Depot is the subject of a class-action lawsuit claiming that the world's largest home improvement retailer is impropertly negotiating for settlement with shoplifting suspects.

Sales increased 4.2% at The Home Depot, the company reported Tuesday morning.

The Atlanta-based company posted $20.2 billion in sales for the period. The company's net earnings for the quarter were $1.4 billion, compared with net earnings of $1.2 billion in the same period of fiscal 2010. 

Encouraged by the growth, the world's largest home improvement retailer raised its fiscal 2011 diluted earnings-per-share guidance to an expectation of $2.34 for the year, up 16%.