Home Depot

The world's largest home improvement chain is benefiting from Americans spending more on their homes than on their wardrobes, as Home Depot reported record sales and earnings in the second quarter.

Atlanta – A continuing recovery in the U.S. housing market helped The Home Depot Inc. exceed Wall Street projections for net income and sales during the second quarter of fiscal 2015. Net income rose 9% to $2.23 billion, from $2.05 billion the prior-year period.

Plano, Texas -- While it’s way too early to start popping the champagne, J.C. Penney Co. has to be pleased about its second quarter financial results, which topped analysts expectations and suggested that the company’s turnaround is in progress.

Lowe’s is giving an overhaul to its store format strategy when it opens in New York City this week. 

Atlanta - Gerard J. Arpey, former CEO of American Airlines, has been named to the board of directors of The Home Depot Inc. Arpey will serve on the company's Finance Committee and its Nominating and Corporate Governance Committee.

The former CEO of American Airlines has been named to the board of directors of Home Depot Inc.

J.C. Penney just poached two key executives to maximize the power, reach and integration of its omnichannel efforts.

The department store retailer named Michael Amend, former vice president of online, mobile and omnichannel for Home Depot, to the position of executive vice president of omnichannel effective immediately. He fills a position previously held by Mike Rodgers who left the company. Additionally, Mike Robbins, formerly the senior vice president of global supply chain for Target, will be joining the J.C. Penney as senior vice president of supply chain effective Aug. 10.

Plano, Texas -- J.C. Penney nabbed a key executive from Home Depot and also one from Target Corp. as it seeks to maximize the power, reach and integration of its omnichannel efforts.
 
The department store retailer named Michael Amend, former VP of online, mobile and omnichannel for Home Depot, to the position of executive VP of omnichannel effective immediately. He fills a position previously held by Mike Rodgers who left the company.