January 12, 2012 |
The thousands of temporary workers who lost their jobs after the holidays dampened the weekly unemployment report. New jobless claims climbed to 399,000 in the week ending Jan. 7. That was 24,000 more than the previous week and the highest number in six weeks, the Labor Department said Thursday . Economists say claims need to drop to no more than 375,000 for a sustained period to make a dent in the unemployment rate, which fell to...
November 16, 2010
Home Depot Inc. said Tuesday a tight lid on expenses helped the largest U.S. home-improvement retailer's third-quarter net income rise 21 percent, despite a lackluster 1 percent revenue increase as home owners continue to hold back on bigger renovation projects. The company trimmed its revenue guidance for the year but raised its expectations for earnings. Net income rose to $834 million, or 51 cents per share, from $689 million, or 41 cents per share. That is better than the 48 cents per share analysts expected, according to a poll by Thomson Reuters.
February 12, 2014 |
Amazon.com Inc. and The Home Depot Inc., both giants in their respective retail fields, are heralding the arrival of spring with major hiring surges. E-commerce king Amazon said it will take on more than 2,500 full-time workers in several states as the company's stable of fulfillment centers expands. The employees will be hired to pick, pack and ship customer orders at facilities in Virginia, Kansas, South Carolina, Washington and Tennessee. The online retailer said it hired more than 20,000 fulfillment center workers last year and that the median pay at the sites is 30% higher than the pay at traditional retail jobs.
July 17, 2011 |
Question: I am a customer and shareholder in Home Depot Inc. Despite the economy, are there good prospects ahead? Answer: The results of the world's largest home-improvement retailer are tied to consumers' willingness to buy for their homes and to the company's operating efficiency. The question for stock investors is whether both factors will be strong enough to provide robust returns. Despite a sales drop in its fiscal first quarter, which ended May 1, net income rose 12% to $812 million as costs fell, profit margins went up and the company bought back its shares.
January 27, 2009 |
Home Depot Inc. announced Monday that it was closing its 34 upscale Expo and other home specialty centers and laying off 7,000 people as a result of the crumbling U.S. housing market and worldwide economic downturn. The company said it would close its 34 sprawling Expo Design Center stores by April, including eight in Southern California, and 14 smaller stores. Some employees were stunned. "Shock. It was shock.
August 15, 2012 |
Flipping through door after door on display at her neighborhood Home Depot as if they were pages in a magazine, Debbie Megliorino envisioned her next home improvement project: a bedroom upgrade for her 1950s-era home in Burbank. But for the 53-year-old postal clerk, the shopping excursion was a bit of a surprise. Instead of a frustrating amount of time finding "the guy in the orange vest" to help her, she said she got attention right away. "A lot of times it's been hard to get someone to help me," Megliorino said.