Home Depot

Articles on Home Depot

  1. Trends & External Forces

Retailers Increasingly Challenged by Theft, Organized Retail Crime

Retail theft and organized retail crime (ORC) have been cited as serious problems and the leading cause of inventory shrink by leading retail CEOs during first quarter earnings calls and media interviews over the past week. Indeed, retailers are being hit with a large number of thefts and in some cases are closing stores and pulling out […]
2 min read
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  1. Media & Marketing

What We (Still) Get Wrong About Physical Retail–And Why It Matters

This week we go guest free to tackle some of the more pernicious misperceptions, missteps, and false narratives that continue to get in the way of retailers’ making the strategic progress they so urgently need. As the Covid sales bump disappears and consumer demand wanes we will–as Warren Buffet famously said–“get to see who’s been […]
2 min read
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  1. Channel: Mass

Target Estimates 2023 Retail Theft Will Hit $1 Billion

CNBC reports that as Target released its quarterly numbers this week, it also pointed out a major drag on earnings – organized retail theft, which was $763 million in 2022 and is projected to be as much as $1 billion this year. The story notes that “organized retail crime has become a hot-button issue in […]
2 min read
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  1. Channel: Mass

Walmart Reports Strong Q1 Results as Grocery Leads the Way

Walmart raised its full-year forecast Thursday, as fiscal first-quarter sales rose nearly 8 percent and its large grocery business helped offset weaker sales of clothing and electronics. The retailer now anticipates consolidated net sales will rise about 3.5 percent in the fiscal year. Nearly 60 percent of Walmart’s annual U.S. sales come from groceries. In the quarter, […]
< 1 min read
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  1. Trends & External Forces

Retail Sales Increase Slightly in April, But Less Than Forecast

Consumers barely kept up with inflation in April, as retail sales increased but fell short of expectations, the Commerce Department reported Tuesday. The advanced sales report showed an increase of 0.4 percent, below the Dow Jones estimate for 0.8 percent. Excluding auto-related figures, sales increased 0.4 percent, which was in line with expectations. As the numbers are not […]
2 min read
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  1. Trends & External Forces

Home Depot Posts 4.2% Sales Decline Following Years of ‘Unprecedented Growth’

The Home Depot posted its weakest quarter in years, with Q1 2023 seeing a 4.5% comparable sales decline year-over-year. Total sales were $37.3 billion, down 4.2% from Q1 2022. The declines were attributed to a slowdown following three years of “unprecedented growth” in which the retailer boosted its sales by over $47 billion, according to […]
2 min read
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  1. Associates & Employees

Home Depot Joins Retailers Making Big Payroll Investment

CNBC reports on Home Depot’s decision to invest $1 billion this year “to increase hourly wages for every one of its frontline workers,” despite projections that its annual sales and profits will be flat this year.  (Economic realities mean that people aren;’t spending as much money on home improvement products, plus many did all that […]
2 min read
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  1. Trends & External Forces

Home Depot sees pay raise for workers as a good investment

Home Depot is going ahead with its plan to invest $1 billion in employee wages even as the economy is slowing. CFO Richard McPhail told analysts on the chain’s earnings call in February that it is focused on gaining market share and that its “orange-blooded associates” give it a “unique advantage” over its competition.
< 1 min read
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  1. Retailer Media

Home Depot Promotes Insider to New Retail Media and Monetization Post

The Home Depot has named Melanie Babcock to the new position of VP, Retail Media+ and Monetization, responsible for providing improved supplier experiences while driving new sources of ad revenue, profitability and sales. Launched in 2019, the Retail Media+ organization offers suppliers managed service and self-service media buying opportunities on both physical and digital retailer-owned […]
< 1 min read
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  1. Retailer Media

Home Depot Promotes Insider to New Retail Media and Monetization Post

The Home Depot has named Melanie Babcock to the new position of VP, Retail Media+ and Monetization, responsible for providing improved supplier experiences while driving new sources of ad revenue, profitability and sales. Launched in 2019, the Retail Media+ organization offers suppliers managed service and self-service media buying opportunities on both physical and digital retailer-owned […]
< 1 min read
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  1. Merchandising

Retail Assortment Strategies: What Are They & How Do They Work?

As a retailer, getting shoppers into your store is the first big hurdle, but then comes an even more complex beast—getting them to make a purchase. One essential component of this is using the best retail assortment strategy for your store. For some retailers, simply offering a wide variety of items is the key, even […]
6 min read
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  1. Channel: Home Improvement

Home Depot Invests $10 Million in Charitable Efforts for 2023 with Focus on Accessibility

The Home Depot Foundation, the charitable arm of The Home Depot, has pledged to invest $10 million in community service projects for 2023 in celebration of the 30-year anniversary of The Home Depot’s associate volunteer force, Team Depot. The Home Depot Foundation has partnered with more than 10,000 nonprofit organizations since 2011, with Team Depot […]
2 min read
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  1. Trends & External Forces

Retail industry’s theft analyses called into question

Retailers and law enforcement agree that organized retail theft is a significant problem. How big a problem remains in question as there are currently no independent means to verify industry reports. Home Depot says theft increased in the double digits over the past year. Walgreens said it might have “cried too much” when talking about […]
< 1 min read
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  1. Channel: Mass

Walmart leads NRF’s list of top global retailers

WASHINGTON – Walmart maintains its No. 1 position on the National Retail Federation’s latest list of the Top 50 Global Retailers. Conducted by Kantar, the 2023 list ranks the world’s most impactful retailers based on their operations at the beginning of 2022. Kantar’s ranking system gives points to retailers according to their domestic and international […]
< 1 min read
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  1. Associates & Employees

Kroger Plans $770M Investment in Raising Wages, Boosting Benefits for Frontline Workers

Kroger will make a more than $770 million incremental investment in its associates during 2023 in order to raise average hourly rates, improve healthcare options and build new training and development opportunities, among other plans. This initiative builds on the $1.9 billion Kroger has invested in its workers since 2018. The grocer’s investments in its […]
2 min read
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  1. Shopper & Customer

Michaels Launches an Online Marketplace

Specialty arts and crafts retailer Michaels is getting into the online marketplace game, announcing Monday it would feature a curated selection of third-party sellers and increase its U.S. online assortment by 750,000 SKUs. “The launch of Michaels’ curated marketplace for arts, crafts and décor is the next phase of our ongoing digital transformation to be […]
< 1 min read
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  1. Merchandising

Michaels Aims to Enlarge Online Assortment More than 4X with Digital Marketplace

Michaels has launched an online marketplace featuring an expanded product assortment from a curated selection of third-party sellers. The marketplace is designed to exponentially grow Michaels’ online assortment in both new and existing categories by taking the product assortment on its U.S. site from 250,000 to more than 1 million SKUs. Michaels’ marketplace also is […]
2 min read
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  1. Retail Ecosystem

The Brave New World of Retail Real Estate with the ICSC’s Tom McGee

This week we do a deep dive into the rapidly changing world of retail real estate with Tom McGee, the CEO of the ICSC, the industry’s biggest trade association. In a wide ranging conversation we get Tom’s view of how the industry continues to evolve from legacy concepts to marketplaces, what the pandemic did to […]
3 min read
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  1. Retail Ecosystem

Prof G Markets: Home Depot and the Housing Crisis, Stellantis Beats Tesla, and the Lithium Market

This week on Prof G Markets, Scott breaks down why Home Depot’s disappointing earnings are indicative of healthy market trends. He also takes a look at promising earnings from Stellantis, the second largest EV seller in Europe behind Volkswagen and ahead of Tesla. Finally, Scott explains why companies and resources are nationalized, and discusses what […]
< 1 min read
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Editor’s Choice

  1. Channel: Mass
  2. Channel: Grocery - Natural
  3. Channel: Mass
  4. Channel: Specialty & Other
  5. Department & Category
  6. Department: Consumer Durables
  7. Department: Nonfood
  8. Corporate Strategy
  9. Media & Marketing
  10. Shopper & Customer
  11. Trends & External Forces
  12. Merchandising
  13. Stores & Formats

Target Leapfrogs Walmart For Upscale Grocery Approach

Bloomberg has a story about how “a slew of retailers are beefing up their grocery investments to lure in consumers cutting back on non-essentials like clothing and electronics. But as they lay out plans to improve their food offerings and supply chains, the big question is how does one compete with the mighty Walmart Inc. on […]
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  1. Department: Beverage
  2. CPG: Adult Beverage
  3. CPG: Beverage
  4. CPG: Food
  5. CPG: Food & Bev
  6. CPG: HBC
  7. Channel: Ecommerce & Digital
  8. Channel: Restaurants
  9. Department & Category
  10. Department: Adult Beverage
  11. Department: Beverage
  12. Department: Food
  13. Department: HBC
  14. Department: Nonfood
  15. Corporate Strategy
  16. Corporate Finance
  17. Corporate Purpose
  18. ESG
  19. Media & Marketing
  20. Agencies & Vendors
  21. Data & Insights
  22. Shopper & Customer
  23. Technology & Innovation
  24. Trends & External Forces
  25. Merchandising
  26. Operations & Supply Chain

Circana reveals 2022 New Product Pacesetters

CHICAGO – Circana, formerly IRI and The NPD Group, has released its 2022 New Product Pacesetters, the 28th annual report revealing the top new product launches across food and beverage and nonfood sectors. The report illustrates the enduring power of CPG innovation, revealing that consumer spending on new product offerings remained elevated last year despite challenges […]
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  1. Channel: Mass
  2. Channel: Mass
  3. Acquisitions, Divestitures & Mergers
  4. Media & Marketing
  5. Retailer Media
  6. Shopper & Customer
  7. Trends & External Forces
  8. Owned Brands (Private Label)

Walmart Upgrades Its Digital Ad Network

From Advertising Age: “Walmart Connect, which has made huge gains in recent years through digital advertising, is testing ways to bolster in-store pieces of its retail media network. “For the first time, Walmart Connect is selling ads on its revamped in-store radio network and integrating sampling programs with online offerings. While aspects of Walmart Connect’s […]
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  1. Channel: Grocery
  2. Trends & External Forces
  3. Stores & Formats

H-E-B expands its discount format

Several years after opening its last Joe V’s location, H-E-B is reigniting the banner with two locations set to open in Dallas by 2025. Dive Brief: H-E-B announced Tuesday it is opening two Joe V’s Smart Shop by H-E-B stores in Dallas, marking the first time the grocer’s discount format will appear outside of the Houston area. […]
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  1. Retailer Media
  2. ESG
  3. Media & Marketing
  4. Retailer Media
  5. Shopper & Customer
  6. Operations & Supply Chain

Giant Eagle launches in-house retail media network Leap

The platform leverages the chain’s loyalty program, bringing personalized ads to shoppers in-store, in-app, on social media and elsewhere, said Damian Scott, who heads up the grocer’s retail media and front-end digital operations. Dive Brief: Giant Eagle announced on Wednesday the debut of Leap Media Group, an in-house retail media arm that leverages the regional […]
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