Home Depot News

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.

Look who just reported a new record for quarterly net sales and net earnings

From the floor of the New York Stock Exchange and in an interview with CNBC, The Home Depot CEO Frank Blake said “it’s great to see the start of the recovery.” 

Blake was in New York to promote Home Depot Foundation’s Celebration of Service campaign that runs from Sept. 11 through Veterans Day. He said in the interview that Home Depot has committed more than $80 million over five years to help veterans in need.

Craig Menear describes best sellers, including Hurricane-Sandy-related items in the Northeast.

Citing improved performance, Standard & Poor's announced Tuesday that it is raising its corporate credit rating for Home Depot from "A-" to "A".

Additionally, the credit ratings agency upped its short-term ratings from "A-2" to "A-1". These increasingly investment-grade ratings point to confidence in the company's ability to meet its financial commitments, with a stable outlook on the ratings.

Dave & Buster's, Inc., the chain of restaurant/entertainment outlets, has named John Mulleady as its senior VP development. In addition to overseeing all real estate and construction projects, Mulleady will lead the company's expansion strategy, driving D&B's growth into new and under-penetrated markets. Dave & Buster's currently has 59 locations in the U.S. and Canada, and expects to open several more in the near future.

The Home Depot executive builds business around service.