Home Depot

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Lowe is the second largest home improvement retailer in the US after Home Depot, with sales of USD 68.6 bn (EUR 55.8 bn)........

Lowe is the second largest home improvement retailer in the US after Home Depot, with sales of USD 68.6 bn (EUR 55.8 bn)........

in 2017/2018 (end of February 2018). It operates 2,152 stores in Canada, Mexico and the US, employing over 310,000 people.


After a difficult second quarter divesting  the Orchard Supply Hardware division, the new CEO Marvin R. Ellison, has proposed a number of changes, including: they have analyzed their Pro- customers and found out that they have very simple expectations and that starts with the service first of all. As "time is money" also applies to this customer group, it is important that consulting staff is always available, and moreover, the diversity of the offer should make it easy for them to always choose and get the right product for a specific job. Slow turners are sorted out and replaced with high turnover products.

Lowe believes that branded products attract customers, so they work closely with their current suppliers to make sure that they continue to be loyal to Lowe, but at the same time meet new suppliers with new product lines in order to close product gaps and address even more customers.

Customers want reliable brands, so brand manufacturers need to invest in brand care.

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Home Depot of Atlanta, Georgia, the world's largest home improvement retailer, achieved a pleasing increase......

Home Depot of Atlanta, Georgia, the world's largest home improvement retailer, achieved a pleasing increase......

in sales in the second quarter of 2018 compared to the beginning of the year, when bad weather conditions brought construction to a standstill.

Sales increased from 28.1 bn USD (24,7 bn EUR)  to 30.5 bn USD (26,8 bn  EUR), up 8.4% on the prior year. The profit reached 3.5 bn USD (3,1 bn EUR), compared to 2.7 bn USD (2,4 bn EUR).

Due to the good performance,  Graig Menear, CEO and President, was able to increase the forecast for the full year by 7%.

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Home Depot from Atlanta/GA, probably the world's largest home improvement retailer, achieved sales of USD 100.9 bn (EUR 81.3 bn).......

Home Depot from Atlanta/GA, probably the world's largest home improvement retailer, achieved sales of USD 100.9 bn (EUR 81.3 bn).......

in fiscal 2017/2018 from 2/1/2017 to 1/31/2018; this represents an increase of 6.7% over the previous year. Net income was USD 8.6 bn (EUR 6.9 bn), up 8.5% year-on-year.

Craig Menear, President and CEO, announced a 15.7% dividend increase as a result of the construction boom in the United States.

Home Depot operates 2,284 stores in the US, Canada and Mexico and employs more than 400,000 people.
 

 

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In the 2nd quarter 2017 (May – July) Home Depot from Atlanta / Georgia, probably the largest DIY chain...........

In the 2nd quarter 2017 (May – July) Home Depot from Atlanta / Georgia, probably the largest DIY chain...........

in the world, had the highest quarterly turnover and profit in its corporate history. The turnover amounted to USD 28.1 bn (EUR 23.7 bn), an increase of 6.2%, while net profits stood at USD 2.7 bn (EUR 2.3 bn), a rise of 12.5%.

You can read more about this in our newsletter "electrical-business-news".

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In the 2015 business year from 1/2/2015 – 31/1/2016 Home Depot  from Atlanta/Georgia, probably...........

In the 2015 business year from 1/2/2015 – 31/1/2016 Home Depot  from Atlanta/Georgia, probably...........

the largest DIY chain in the world, achieved a turnover of USD 88.5 bn (EUR 80.3 bn), which represents a 6.4% increase in comparison with the prior year. Profits amounted to USD 7 bn (EUR 6.3 bn), 10.5% more than in 2014.

The concern operates 2,300 branches in the USA, Canada and Mexico and has more than 385,000 employees on its payroll.

For 2016 a turnover increase of 5.1% – 6.0% is expected.

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Home Depot from Atlanta/Georgia is taking over the maintenance, repair and operations (MRO) specialists Interline Brands from Jacksonville/Florida for USD 1.63 bn (EUR 1.49 bn) in cash.

Home Depot from Atlanta/Georgia is taking over the maintenance, repair and operations (MRO) specialists Interline Brands from Jacksonville/Florida for USD 1.63 bn (EUR 1.49 bn) in cash.

The transaction is to be concluded by 1.11.2015, but still has to receive the blessing of the competition authorities.

Home Depot, which has 2,200 DIY stores in the USA, Canada, Mexico and Puerto Rico is probably the largest DIY chain in the world. About 300,000 people are employed, and in 2014 its turnover stood at USD 83.2 bn (EUR 76.2 bn). There are also plans to expand into Europe, although up until now these efforts have shown no sign of success.

Interline made a turnover of USD 1.7 bn (EUR 1,5 bn) in 2014, and the company numbers 4,500 employees and 93 branches in the United States.

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