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Home Depot

  • Home Depot faces 44 breach-related suits

    Atlanta – The Home Depot Inc. faces at least 44 lawsuits connected with a data breach that affected the retailer from April-September 2014. In a regulatory filing, the retailer said state and federal agencies are investigating the breach and more legal action is possible.

  • Insights: Data Security and Customer Loyalty

    By: David Kidd,  Peak 10
     
    Data privacy and security remain top concerns for retailers. There is good reason for that.  The Target breach compromised approximately 70 million records. The Home Depot breach potentially impacted another 60 million consumers. As I write this article, reports are being made public about a breach involving the office supply retailer Staples. We can no longer deny that cybercrime is a real and growing threat to the retail sector.

  • Analysis: Five Steps to Data Breach Prevention

    When was the last time you were witness to a shopper paying for a purchase with actual cash?   In today’s retail market,  the majority of shoppers are leveraging credit and debit cards for their purchases – the more progressive group has even started using mobile wallet options. Although the mobile payment adoption rate is increasing, industry experts realize that with convenience comes the burgeoning of security risks such as data breaches. 

  • Home improvement surging ahead of holidays

    Lowe’s said its third quarter same store sales spiked 5.1% a day after Home Depot reported an even stronger increase.

    Total company sales increased 5.6% to $13.7 billion driven by increased productivity of existing stores as evidenced by a 5.1% comp increase. Home Depot said its third quarter same store sales increased 5.8%. Lowe’s profits increased 17.3% to $585 million while earnings per share increased 25.5% to 59 cents and were aided by $900 million in share repurchase activity.

  • What data breach? HD’s comps increase 5.8%

    Customers at the nation’s largest home improvement retailer appeared to shrug off any concerns about a data breach as Home Depot’s sales increased 5.4% to $20.5 billion. Comparable store sales increased 5.2%, but grew 5.8% at U.S. stores. The increased productivity at existing stores drove profit growth, with earnings increasing to $1.5 billion, or $1.15 per share, compared to $1.4 billion, or $95 cents a share, the prior year.

  • Home Depot Q3 profits rise, full breach costs not yet tallied

    Atlanta – The Home Depot Inc. showed solid performance in the third quarter of fiscal 2014 despite reporting a major data breach in September, but still has not fully accounted for all the costs related to the breach. Home Depot reported net earnings of $1.5 billion, topping Wall Street projections and a 7% increase from $1.4 billion the same quarter in fiscal 2013.

  • Home Depot and Lowe's: buzzkill for environmentalists?

    Environmental advocates and building industry pros have long circled each other in conflict and cooperation, but it seems that there's a loud and growing faction of activists putting a relatively new issue on the map.

    That's because bees are dying -- suddenly, and often at once, numbering in the millions -- a troubling effect known as Colony Collapse Disorder that has been linked to the use of neonicotinoids, a type of insecticide that can be found on Lowe's and Home Depot shelves nationwide.

  • Togo's names former IHOP and Taco Bell exec as COO

    San Jose, Calif. -- West Coast sandwich operator Togo's Eateries, Inc. has named Jim Peros as its new COO, charged with overseeing all operations and the expansion of the brand's restaurants throughout the West.   
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