Home Depot

Atlanta – The Home Depot Inc. is the latest retail chain to investigate a possible credit card data breach.  

“I can confirm we are looking into some unusual activity and we are working with our banking partners and law enforcement to investigate,” said Home Depot spokesperson Paula Drake in a prepared statement.

Cincinnati -- Mid-America Real Estate Corporation’s Investment Sales team recently brokered the sale of Buttermilk Towne Center in Crescent Springs (Cincinnati MSA), Kentucky. The 277,533-sq.-ft. center was purchased by Farmington Hills, Mich.-based Ramco-Gershenson Properties Trust for $42 million.

The Home Depot is the latest major retailer to investigate what looks like a data breach.

The Atlanta-based retailer is looking into the matter and also working with law enforcement and bank investigators.

"Protecting our customers' information is something we take extremely seriously, and we are aggressively gathering facts at this point while working to protect customers,” the retailer said in a statement.

Atlanta – Customers of real estate management software provider Yardi can now have access to thousands of The Home Depot products either in store or online with a click of a button via the online procurement system offered with Yardi Procure to Pay, a fully automated end-to-end procurement and invoice processing platform.

Atlanta -- The Home Depot on Thursday named Craig Menear, president of the chain's U.S. retail business, as CEO and president, effective Nov. 1. Menear succeeds chairman and CEO Frank Blake.  Blake, who has held the top spot since 2007, will remain chairman.

Menear, who was also elected to the company's board of directors, effectively immediately, assumed his current position in February 2014. He is a 34-year retail veteran, and has been a key leader in the company's success, the retailer said.

Atlanta -- Home Depot said its fiscal second-quarter net income rose 14% amid a rebound in its spring selling season and strong online sales. The retailer also raised its annual profit guidance.

"In the second quarter, our spring seasonal business rebounded, and we saw strong performance in the core of the store and across all of our geographies," stated Frank Blake, chairman and CEO.

For the three months ended Aug. 3, Home Depot Inc. earned a better-than-expected $2.1 billion, compared to $1.8 billion in the year-ago period.

A 6.4% second quarter same store sales increase at U.S. stores enabled Home Depot to handily exceed analysts’ profit estimates and prompted the company to increase its full year outlook.

Recent enhancements to Walmart’s website ensure that Andy Murray, the company’s SVP of creative, will have plenty to talk about later this year when he addresses the topic of “Evolving with the omnichannel shopper,” at the Shopper Marketing Conference & Expo.
 

Atlanta – The Home Depot Inc. has promoted Ted Decker to executive VP of merchandising, effective Aug. 4. Decker is a 14-year veteran of The Home Depot, where he most recently served as senior VP of retail finance, pricing analytics and assortment planning.

The Home Depot has donated $81,000 to a rural retreat for wounded veterans and their families. The money will go toward building a barn and run-in for horses, as well as some garden project at the Boulder Crest Retreat for Military and Veteran Wellness.