Home Depot

As other major retailers report sluggish sales, home improvement stores such as Home Depot Inc. are benefitting from rebounds in the housing market and the weather.

Atlanta – The Home Depot Inc. benefited from improvements in the housing market and the weather in the first quarter of fiscal 2015. Net earnings increased to $1.58 billion, up 14% from $1.38 billion in the first quarter a year ago.

The Home Depot reported sales of $20.9 billion for the first quarter of fiscal 2015, a 6.1% increase from the first quarter of fiscal 2014.

It’s been a month since the announcement of Hal Lawton’s move from Home Depot to eBay, where he will head up eBay North America.

Dallas – Tuesday Morning Corp. has promoted Melissa Phillips, who currently serves as executive VP and general merchandise manager, to the newly created position of president and COO. In this role, Phillips will be directly responsible for merchandising, store operations and marketing, and will report directly to CEO Michael Rouleau.

LIDS is celebrating 20 years of retail innovation with the launch of a new headwear line that will take customers back to the 1990s.

Available at select stores throughout North America and on LIDS.com, the 20th Anniversary Platinum Collection will feature a selection of limited edition (1,995 units) fashion hats inspired by popular designs from the past 20 years. The first style in the series, the Flawless cap, was originally launched in 2003 as part of a collection inspired by recording star Fred Durst of the band Limp Bizkit.

Retailers who rely on a steady stream of new products from suppliers to drive sales will find a new source of digital inspiration in a product development deal between Mattel and the online collaboration community known as Quirky.

Vancouver, Wash. – Papa Murphy’s Holdings Inc. has appointed Jean M. Birch, Rob Weisberg and Jeffrey B. Welch as independent members of its board of directors, effective April 15, 2015. The appointments replace both Thomas H. Lee and Achi Yaffe, who have resigned from the board, as well as increase the board size by one seat.

Some of the biggest names in retail soon will be honored in the nation’s capital when the U.S. Environmental Protection Agency and the Department of Energy host an annual event to recognize Energy Star Partners of the Year.

Among this year’s award recipients are Home Depot, Sears, Best Buy, Kroger, Kohl’s, Food Lion, Staples and JCPenney. The eight retailers are among 128 total companies being honored as Energy Star Partners of the Year from the roughly 16,000 companies who partner with EPA on the broad-based energy efficiency program.