Home Depot

NEW YORK — Investment firm Starboard Value, Office Depot’s largest stockholder with a 14.8% stake, revealed Monday it has delivered a letter to the office supply retailer’s board of directors, expressing “strong disappointment at the board's failure to work constructively with Starboard to reconstitute the board.”

In March, Starboard nominated six candidates, including former Home Depot chief Robert Nardelli, to Office Depot’s board in an effort to strengthen the company’s direction.

Chicago -- True Value Hardware said Tuesday that its president and CEO Lyle Heidemann will retire from the company after eight years at the helm, effective May 31.

The hardware cooperative has named John Hartmann to succeed Heidemann as president and CEO. Hartmann previously served as CEO of New Zealand hardware cooperative Mitre 10. He also spent nearly a decade at Home Depot and HD Supply in a variety of roles, finishing his tenure as CO of the electrical and plumbing/HVAC divisions.

True Value president and CEO Lyle Heidemann plans to retire May 31.

John Hartmann has been appointed as the company’s new president and CEO, following the retirement of Heidemann. Heidemann will continue to serve True Value through the end of 2013 as an adviser.

New York -- A man who deliberately cut his arms using saws in the aisles of a Home Depot store in suburban Los Angeles on Wednesday is in critical condition, according to media reports.

The man, whose man has not been released, was in the store's tool section when he grabbed several handsaws and began cutting into his upper arms. Panicked customers called 911.

The man was in surgery hours after the incident.

Martha Stewart Living and The Home Depot have teamed up for a new video series launching April 25.

The series will consist of three unique videos per week, released via e-newsletter, and hosted on the Martha Stewart Video Hub, Homedepot.com, Aol.com, and Yahoo Screen. 

The videos will fall into two categories, highlighting Martha Stewart Living product sold at The Home Depot, and answering various DIY "how-to" questions:

The Home Depot is bringing back its Spring Black Friday event, which it describes as a weekend of regional savings on hundreds.

The sales begin April 4.           

"We see increased traffic in our stores during the spring season as customers kick-off their home improvement projects," said Craig Menear, executive VP merchandising. "In a recovering housing market, we know our consumers are continuing to look for ways to affordably improve their homes.”

ROANOKE, Va. — Advance Auto has named George Sherman president of the company as part of its effort to simplify company leadership.

In his role as president, Sherman will be responsible for growing commercial and driving excellence throughout the company’s operations. Sherman will lead the company’s commercial sales, field operations, store operations support, merchandising, marketing, supply chain and e-commerce teams.

Home Depot announced that it has reached a tentative agreement in March to settle California lawsuits related to the sale of paints and coatings.

The company's recent 10-k filing with the Securities and Exchange Commission report followed up on 2010 allegations that the retailer sold products in three California counties and Los Angeles that exceeded the level of VOCs (volatile organic compounds) under the rules of the South Coast Air Quality Management District.

NEW YORK — Harris Interactive has revealed the brands that Americans rank highest in brand equity. Surveying more than 38,000 American consumers, it measures the level of quality, familiarity, and purchase consideration for each brand, and then awards "Brand of the Year" status to the top-ranked brand from each category.

New York -- Kohl’s, Target, and Walgreens were named “Brand of the Year” in their respective categories in the 2013 Harris Poll EquiTrend survey.

The annual study, conducted by Harris Interactive, reveals the brands that Americans rank highest in brand equity. Surveying more than 38,000 American consumers, it measures the level of quality, familiarity, and purchase consideration for each brand, and then awards "Brand of the Year" status to the top-ranked brand from each category.