YOU ARE HERE: LAT HomeCollectionsHome Depot

Home Depot

November 20, 2002 | Karen Jacobs, Reuters
Home Depot Inc., the world's largest home-improvement retailer, Tuesday reported a 21% rise in quarterly profit as it cut costs, but a weak outlook sent its shares down 13%. The company, which is revamping its business as chief rival Lowe's Cos. moves into its most lucrative markets, said it expects earnings for the current quarter to miss Wall Street consensus estimates by 1 cent a share. Home Depot also said sales for the full year will fall short of longer-term growth goals.
November 14, 2007 | From Times Wire Services
A persistently bleak housing environment forced Home Depot Inc. to diminish its financial outlook as the nation's largest home improvement store chain posted a 26.8% drop in its fiscal third-quarter profit. Atlanta-based Home Depot predicted a fall of as much as 11% in earnings a share from continued operations because of "softness in the housing market."
Detroit is synonymous with cars, San Francisco is known for sourdough bread and Milwaukee is hailed as a beer drinker's paradise. And Fullerton? It is becoming the home of home center headquarters. Home Depot, the nation's largest chain of do-it-yourself home improvement stores, said Monday that it has consolidated its operations west of Texas into its first regional division, based in Fullerton. Fullerton also happens to be the headquarters of HomeClub Inc.
August 19, 2007
Re "Home Depot loses store permit battle," Aug. 16 One really has to wonder why Home Depot would resort to a threatened lawsuit against the city as its latest ploy to force itself where it is not wanted. If it truly believed that its presence in Sunland-Tujunga was such a good thing, then why has it resisted with everything it could think of, and afford, to submit to the requested and required environmental review? My guess is that it didn't think it could pass.
January 8, 2009 | David Zahniser
Hardware giant Home Depot said Wednesday that it has given up on an expensive and hard-fought campaign to open a store in Sunland-Tujunga, dropping its lawsuit against the city of Los Angeles and ending a five-year push to move into an empty Kmart building despite noisy opposition. A representative of Home Depot said the decision was prompted by the company's ongoing difficulties at City Hall and the recent downturn in the national economy.
October 1, 1997 | JULIO V. CANO
Home Depot, the home-improvement chain, began building a store this week on an 11-acre site on Lincoln Avenue, boosting the city's redevelopment effort. Home Depot plans a 105,700-square-foot building with a 24,000-square-foot garden facility in the 5700-5800 block of Lincoln. The store is scheduled to open next summer. The chain acquired five lots at the site, the largest of them formerly a car dealership, for nearly $7 million. "It's a terrific thing for Cypress," said Mayor Tom Carroll.
March 5, 2008 | David Zahniser
Home Depot officials said Tuesday they have delayed their lawsuit over a planned store in Sunland-Tujunga while they take part in mediation supervised by City Atty. Rocky Delgadillo. The hardware giant sued last year after the City Council voted to require more environmental review of a store proposed for Foothill Boulevard. Under an agreement with the city, the company will enter into talks with project opponents from Sunland-Tujunga. If the company fails to win approval of its store in five months, the company will go ahead with its lawsuit.
August 10, 2007 | From the Associated Press
Home Depot Inc. sent its already battered shares down further Thursday when it issued a double dose of bad news that it might get less than expected for its wholesale distribution unit and that it was lowering how much it would pay to buy back a portion of its stock. Although the world's largest home-improvement store chain said it was committed to getting the most value from the sale of its HD Supply unit and completing its plan to repurchase as much as $22.
May 18, 2005 | From Times Wire Services
Home Depot Inc. reported Tuesday that its fiscal first-quarter profit rose more than 13% on solid revenue growth. The results beat Wall Street expectations, and Home Depot shares rose. The nation's largest home improvement store chain also said it was closing 15 of its design centers, affecting as many as 2,000 employees. The Atlanta-based company reported net income of $1.25 billion, or 57 cents a share, for the three months ended May 1, compared with $1.1 billion, or 49 cents, a year earlier.
April 22, 1997 | JENNIFER LEUER
A proposal to build a Home Depot on 10 acres of Ocean View High School property at Golden West Street and Warner Avenue will be considered today by the Planning Commission. The plan has drawn criticism from neighbors, who say the store will create too much traffic and pose a safety threat to students. But Huntington Beach Union High School District officials said the 20-year lease agreement with Home Depot for $480,000 a year will provide money to upgrade facilities throughout the district.
Los Angeles Times Articles