Home Depot

Under most circumstances, Walmart and Target are like oil and water, but when the issue is fighting retail crime even fierce competitors see the wisdom of coming together to battle a common enemy.

Such is the case with retail theft, and earlier this week the Retail Industry Leaders Association welcomed a select group of senior level asset protection executives, product manufacturers and academic researchers to the 2011 Asset Protection Leaders Council (APLC) meeting in Minneapolis to launch the APLC’s process driven shrink initiative. 

Promotions during September saw mixed outcome with some retailers increasing the number of pages and inserts, while the rest decreased the volume of promotions. The contrasting promotional strategies among the retailers led to the overall change being minimal. 

Like August, the largest decrease was Lowes, which saw a 61% drop in number of number of pages per market and 54% decline in inserts per market. This was a result of Lowes not having promotions in the second and third week of both August and September.

ATLANTA — The Home Depot Thursday announced it has named Teresa Wynn Roseborough EVP, general counsel and corporate secretary. She will join the company's senior leadership team and report to Frank Blake, chairman and CEO.

Roseborough will be responsible for leading The Home Depot's legal department, as well as its government relations and corporate security services functions. She will assume her new role on Nov. 7.

Atlanta -- The Home Depot announced it has named Teresa Wynn Roseborough executive VP general counsel and corporate secretary, effective in November.

Roseborough, who will be responsible for leading The Home Depot's legal department, as well as its government relations and corporate security services functions, joins the chain from MetLife, where she most recently served as deputy general counsel.

Arlington, Texas -- Jacksonville, Fla.-based Regency Centers said it has leased 3,588 sq. ft. of retail space in Arlington, Texas, at Cooper Street Plaza to Mattress Firm.  

The store is slated to open for business in October 2011. 

The 235,196-sq-ft. shopping center is anchored by a 137,840-sq.-ft. Home Depot alongside national retailers such as OfficeMax, T.G.I. Friday’s and State Farm Insurance. 

CHICAGO -- SMS Assist announced that Matthew Pitts has been named COO of the technology- driven facilities maintenance company.

Pitts previously served as VP of building services for The Home Depot. During his two decade career at the home improvement chain, Pitts created retailer’s highly regarded in-house facilities management organization, overseeing more than 2,000 stores and more than $1 billion in annual facilities maintenance spend.

ATLANTA — Home Depot announced that it has teamed up with Habitat for Humanity International for a new joint program, Repair Corps, to remodel and renovate the homes of U.S. military veterans. With $1.5 million in funding from The Home Depot Foundation, volunteer assistance from Team Depot, The Home Depot's associate-led volunteer force, and technical assistance from Habitat for Humanity International, the goal of Repair Corps is to provide Habitat affiliates across the country with the resources to repair the homes of nearly 100 veterans and their families.

Atlanta -- Jones Lang LaSalle announced Tuesday that Rally Capital Services, LLC, and Pacific Avenue, LLC, have chosen the firm to lease and manage their open-air centers.

Rally Capital selected Jones Lang LaSalle Retail to lease and manage Kendall Marketplace, a 750,000-sq.-ft. regional power center in Yorkville, Ind., anchored by Dick’s Sporting Goods, Kohl’s, SuperTarget and The Home Depot.

It was steady as she goes for Target and many other retailers in terms of circular promotional activity in August, according to the last marketing insights from Market Track. There were a few instances where the number of pages per circular increased noticeably even if the number of circulars distributed was fairly consistent. For example, Walmart, Safeway and Best Buy saw the largest increase in pages while Lowe’s, JCPenney and Home Depot were the biggest decliners.

New York City -- While it may take some to fully assess the damage, the impact of Hurricane Irene on retail sales is likely to split among retail sectors: Home-improvement stores selling emergency preparation products and clean-up items are likely to benefit the most from the storm, while apparel retailers and department stores selling non-essential items are likely to take a hit.