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Home Depot Says HD Supply Agreed To Pay Termination Fee Of $275 Mln Upon Deal Termination
The Home Depot Announces Third Quarter Results Plans
The Home Depot Announces Agreement To Acquire HD Supply Holdings Inc
The Home Depot, Inc. is a home improvement retailer. The Company offers its customers an assortment of building materials, home improvement products, lawn and garden products, and decor products and provide a number of services, including home improvement installation services and tool and equipment rental. It operates approximately 2,291 The Home Depot stores located throughout the United States (U.S.), including the Commonwealth of Puerto Rico and the territories of the U.S. Virgin Islands and Guam; Canada and Mexico. The Company serve two primary customer groups: do-it-yourself (DIY) Customers and Professional Customers (Pros). DIY Customers include home owners who purchase products and complete their own projects and installations. Professional Customers are primarily professional renovators/remodelers, general contractors, handymen, property managers, building service contractors and specialty tradesmen, such as electricians, plumbers and painters.
Retail (Home Improvement)
2455 Paces Ferry Rd SE
Craig A. Menear
Chairman of the Board, Chief Executive Officer
Edward P. Decker
President, Chief Operating Officer
Richard V. McPhail
Chief Financial Officer, Executive Vice President
Matthew A. Carey
Chief Information Officer, Executive Vice President
Teresa Wynn Roseborough
Executive Vice President, General Counsel and Corporate Secretary
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Home Depot Inc, the largest U.S. home improvement retailer, on Tuesday reached a $17.5 million settlement to resolve a multistate probe into a 2014 data breach where hackers accessed payment card data belonging to 40 million customers.
U.S. stocks retreated from record closing highs on Tuesday, ending lower as surging COVID-19 cases, the growing threat of a fresh round of economic lockdowns and weak retail sales data dampened the euphoria caused by potential vaccine breakthroughs.
* Indexes down: Dow 0.57%, S&P 0.34%, Nasdaq 0.01% (Updates to afternoon, changes dateline, byline)
Home Depot Inc <HD.N> said on Tuesday it will spend about $1 billion more on employees' wages annually as the home improvement chain benefits from a sustained surge in demand for tools and building materials due to the COVID-19 pandemic.
Home Depot Inc beat quarterly same-store sales estimates on Tuesday, as a surge in demand for tools, gardening equipment and building materials from people upgrading their homes during the coronavirus pandemic extended for another quarter.
Home Depot Inc <HD.N> said on Monday it would buy HD Supply Holdings Inc <HDS.O> in a deal valued at about $8 billion, setting itself up to regain control over the industrial materials wholesaler after spinning it off over a decade ago.
Home Depot Inc said on Monday it would buy industrial goods wholesaler HD Supply Holdings in a deal valued at about $8 billion.
Lowe's Cos Inc <LOW.N> blew past analysts' estimates for quarterly sales and profit on Wednesday as it benefited from a surge in demand for paint, tools and barbecue grills from consumers stuck at home due to the COVID-19 pandemic.
The S&P 500 closed at a record high on Tuesday, rebounding from huge losses triggered by the coronavirus pandemic and crowning one of the most dramatic recoveries in the index's history.
Home Depot Inc <HD.N> reported its biggest rise in quarterly same-store sales in at least two decades on Tuesday as demand for paint, tools and lawn mowers surged from consumers stuck at home due to the COVID-19 pandemic.
* Futures up: Dow 0.20%, S&P 0.16%, Nasdaq 0.34% (Adds comment, details, updates prices)
U.S. stock index futures edged higher on Tuesday, extending momentum from a tech-fuelled rally in the prior session that saw the Nasdaq hit a record high, with Home Depot setting an upbeat tone for a slew of business updates from major retailers.
Home Depot Inc beat quarterly same-store sales estimates on Tuesday, as consumers bought more paint, tools and other home improvement products to do minor repair works while stuck at home due to the COVID-19 pandemic.
Lowe's Co Inc <LOW.N> is expected to edge past rival Home Depot <HD.N> with what could be its biggest growth in quarterly same-store sales in at least a decade, benefiting from its exposure to customers ready to splurge on do-it-yourself home renovations.
Lowe's Cos Inc <LOW.N> warned on Wednesday that high spending on do-it-yourself projects by people hunkered down at home due to coronavirus lockdowns would taper off in the coming months, as a deep economic recession looms on the horizon.
Home Depot Inc <HD.N> missed estimates for quarterly profit on Tuesday, as the home improvement chain spent about $850 million on benefits for employees keeping its stores and warehouses running through the COVID-19 pandemic.
* Futures dip: Dow down 0.54% , S&P down 0.51% , Nasdaq down 0.28%
Home Depot Inc reported a 6.4% rise in quarterly same-store sales on Tuesday, as the COVID-19 pandemic caused a surge in demand for cleaning supplies and masks at the home improvement chain's stores.
With U.S. home improvement chains on course to buck the trend among brick and mortar retailers of falling sales, results this week will show Americans invested in their homes while under lockdown, but at a cost to retailers forced to adapt stores and sell in different ways.
* THE HOME DEPOT ANNOUNCES BUSINESS UPDATES IN RESPONSE TO COVID-19
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