PYMNTS-MonitorEdge-May-2024

Home Depot

Home Depot, Inc. is the largest home improvement retailer in the United States, supplying tools, construction products, and services. The company is headquartered at the Atlanta Store Support Center in unincorporated Cobb County, Georgia.

When The Home Depot was founded in 1978, Bernie Marcus and Arthur Blank had no idea how revolutionary this new “hardware store” would be for home improvement and the retail industry.

Source: homedepot.com

Cautious Consumers, Hurricane Spend Define Home Depot’s B2B-Focused Third Quarter
Cautious Consumers, Hurricane Spend Define Home Depot’s B2B-Focused Third Quarter
November 12, 2024  |  Earnings

The Home Depot’s focus on the professional market remains unwavering, even as U.S. consumers curb their home improvement splurges. That was the latest from the...

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Home Improvement Expected to Pick Up Amid Lower Interest Rates
Home Improvement Expected to Pick Up Amid Lower Interest Rates
October 22, 2024  |  Retail

The home improvement business is reportedly expected to pick up, driven by lower interest rates and higher property values. More homeowners are borrowing against the...

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Home Depot Agrees to $2 Million Settlement in ‘Scanner Violation’ Complaint
Home Depot Agrees to $2 Million Settlement in ‘Scanner Violation’ Complaint
September 16, 2024  |  Legal

Home Depot will pay nearly $2 million to settle a civil law enforcement complaint alleging overcharging and false advertising. The $1,977,251 settlement involves a problem...

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Home Depot Looks for B2B Buffer Against Softening Consumer Spend
Home Depot Looks for B2B Buffer Against Softening Consumer Spend
August 13, 2024  |  Earnings

Home Depot currently gets around half of its sales from professional builders and contractors. According to the company’s executives on Tuesday’s (Aug. 13) second-quarter 2024...

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Doomsday Ready: Costco Aims to Be the Go-To Retailer for Preppers
Doomsday Ready: Costco Aims to Be the Go-To Retailer for Preppers
July 27, 2024  |  Retail

As many consumers look for ways to ease their doomsday anxieties, Costco is positioning itself as the go-to retailer for consumers who are worried about...

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Home Depot Teams With Instacart to Bolster eCommerce Offerings
Home Depot Teams With Instacart to Bolster eCommerce Offerings
May 23, 2024  |  Partnerships

Home Depot teamed with Instacart to offer customers same-day delivery on home improvement products. The partnership offers delivery in as fast as an hour from nearly 2,000 stores, according to...

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Home Depot Continues B2B Push as Consumer Spending Pulls Back
Home Depot Continues B2B Push as Consumer Spending Pulls Back
May 14, 2024  |  Earnings

Is your refrigerator running? Rather than going to catch it, as the old prank phone call goes, Home Depot told investors during its first-quarter 2024...

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Chase Shows Super App Ambitions With Media Platform Launch
Chase Shows Super App Ambitions With Media Platform Launch
April 03, 2024  |  Connected Economy

J.P. Morgan Chase unveiled its latest venture, a retail media network called Chase Media Solutions, Wednesday (April 3), marking a move toward personalized advertising within the banking...

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Retailers Step Up In-Store Media in Bid for Advertiser Spend
Retailers Step Up In-Store Media in Bid for Advertiser Spend
April 02, 2024  |  Retail

As retailers feel shoppers’ belt-tightening behaviors hurt sales, many are turning to in-store retail media to increase their revenue and profit margins. Mega-retailer Walmart, for...

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