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Home Depot

BUSINESS
May 14, 1998 | From Reuters
Home Depot Inc., the largest of North America's home improvement centers, said Wednesday that it is testing a small-store format in a move that will take direct aim at neighborhood hardware stores. "The U.S. home improvement convenience market generated sales totaling approximately $50 billion in 1997, but the vast majority of those sales took place outside of larger home center stores such as Home Depot," Home Depot President Arthur Blank said.
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BUSINESS
April 15, 1996
Home Depot, a home improvement retailer, said it plans to build a 130,400-square-foot store on 19.5 acres at Calle Sonora and El Toro Road in Laguna Hills. It is purchasing the property from Rossmoor Partners L.P. of Santa Ana. Home Depot also will have three restaurant and two retail sites available for purchase. On a 4-acre site, Stater Bros. Markets plans to build a 41,000-square-foot store.
BUSINESS
August 30, 2006 | From Bloomberg News
Home Depot Inc. said Tuesday that its directors would be elected by a majority of votes cast, starting at next year's annual meeting. The proposal was approved in May by 56% of shareholder votes at Home Depot's annual meeting. Previously, directors were elected under a plurality standard, meaning the candidate who received the most votes won. Chief Executive Bob Nardelli was criticized by some shareholders for his compensation and director accountability.
BUSINESS
June 29, 2002 | Bloomberg News
Home Depot Inc. said it planned to seek business from the federal government, changing a policy the company had in place since it was founded in 1978. The Atlanta-based company said it had decided to seek the business after feedback from its associates and customers and after further evaluation of the requirements necessary to become a federal contractor.
BUSINESS
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.
BUSINESS
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."
CALIFORNIA | LOCAL
March 21, 1998 | MIMI KO CRUZ
Saying it will provide this city with hundreds of jobs and hundreds of thousands of dollars in sales tax revenue, city officials this week approved an agreement for the Home Depot to open a new store on Harbor Boulevard. City Manager Jerry L. Bankston said that when the store opens, it is expected to generate $400,000 in sales tax revenue. Home Depot U.S.A. Inc., headquartered in Fullerton, will pay $6.3 million for the property at 600 S. Harbor.
BUSINESS
December 18, 1990 | CHRIS WOODYARD, TIMES STAFF WRITER
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.
OPINION
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.
CALIFORNIA | LOCAL
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.
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