Home Depot
American multinational home improvement supplies retailing company
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2023 | Home Depot Vice President of Asset Protection Scott Glenn testified before the House Homeland Security Committee's Subcommittee on Counterterrorism, Law Enforcement and Intelligence, urging Congress to pass legislation combating organized retail crime groups. |
2023 | Home Depot was ranked #26 on the Fortune 500 list of largest United States corporations by total revenue. |
2023 | Home Depot was ranked 67th in the Forbes Global 2000 list of top global companies. |
2023 | Home Depot continues growth trajectory with $157,403 million in revenue and 518,100 employees. |
December 2023 | Home Depot's ownership composition was documented, with institutional investors holding approximately 70% of shares. The Vanguard Group emerged as the largest shareholder at 9.49%, followed by BlackRock at 7.15%. |
February 2023 | Announced a $1 billion investment to raise hourly employee wages. |
2022 | Home Depot achieves record revenue of $151,157 million, with net income of $16,433 million and 490,600 employees. |
January 2022 | Announced Craig Menear would step down as CEO and president effective March 1, 2022, with Ted Decker taking over. |
2021 | Home Depot experiences significant growth, reaching $132,110 million in revenue and expanding to 2,317 stores with 504,800 employees. |
2021 | Home Depot reached a significant scale with 490,600 employees and over $151 billion in annual revenue, solidifying its position as the largest home improvement retailer in the United States. |
April 2021 | Black faith leaders in Georgia called for a nationwide boycott of Home Depot after the company did not take a stand against the Election Integrity Act of 2021. |
2020 | Home Depot contributed $125,000 to the Rule of Law Defense Fund, a fundraising arm of the Republican Attorneys General Association. |
2020 | During the COVID-19 pandemic, Home Depot maintains strong performance with $110,225 million in revenue and 415,000 employees. |
December 2020 | Home Depot was fined $20.75 million for lead paint violations, specifically for hiring contractors who did not follow proper lead abatement procedures during home renovation projects. |
December 2020 | Bought back HD Supply for $8 billion. |
November 1 2020 | Home Depot announced Q3 revenue of $33.5 billion, marking a 24% year-on-year increase, continuing strong performance during the COVID-19 pandemic. |
August 2 2020 | Home Depot reported Q2 sales of $38.1 billion, representing a 23.4% growth from the previous year. Net earnings rose 27% to $4.3 billion, driven by increased home improvement spending during the COVID-19 pandemic. |
December 5 2019 | Home Depot announced a new slogan 'How Doers Get More Done', replacing the 2009 marketing phrase. |
2018 | Interline Brands was renamed to The Home Depot Pro, expanding its identity within the Home Depot corporate structure. |
September 11 2018 | The Home Depot Backyard park opened, serving as parking and tailgating space for Falcons and Atlanta United FC home games. |
March 2018 | Home Depot donated $50 million to the Home Builders Institute to train 20,000 construction workers over the next decade, with a focus on veterans, Army soldiers, high school students, and disadvantaged youth to address the construction worker shortage. |
2017 | Acquired the online presence of The Company Store from Hanover Direct. |
July 6 2017 | Home Depot acquired Compact Power Equipment Inc., a power equipment rental company that previously provided equipment to rental departments in over 1,000 Home Depot stores across North America. |
April 2017 | The Home Depot acquired naming rights to the park adjacent to Mercedes-Benz Stadium. |
March 2017 | Atlanta United FC began playing in Major League Soccer. |
2016 | RONA was purchased by Lowe's, increasing Lowe's total store count to over 500 units in Canada. |
December 31 2016 | Home Depot Mexico reaches a milestone of 50 consecutive quarters of growth, establishing a strong market position in the country. |
March 2016 | Home Depot agreed to a $19.5 million settlement to compensate over 50 million affected consumers, including a $13 million reimbursement fund and a $6.5 million fund for cardholder identity protection services. |
January 2016 | Home Depot announced the departure of Marc Powers as division head, with Ann-Marie Campbell, a veteran employee with over 30 years of experience, set to replace him. Campbell had previously worked as a cashier in South Florida and was most recently president of Home Depot's Southern division. |
2015 | Home Depot reaches $83,176 million in revenue, with stock price climbing to $95.33 and 371,000 employees. |
July 22 2015 | Acquired Interline Brands from P2 Capital Partners and Goldman Sachs for $1.6 billion. |
2014 | Marc Powers became the head of Home Depot's US stores division, replacing Marvin Ellison who left to become the chief executive of J.C. Penney. |
November 1 2014 | Craig Menear officially became CEO, with Frank Blake continuing as chairman. |
September 2014 | Experienced a significant data breach affecting customer credit card information, leading to free credit monitoring offerings for affected customers. |
September 18 2014 | Home Depot disclosed that hackers had obtained 56 million credit card numbers during the security breach. The company subsequently rolled out new encryption technology for cash registers and self-checkout systems. |
September 8 2014 | Home Depot officially confirmed their payment systems were compromised, revealing the breach affected customers who made in-store purchases between April and September 2014. |
September 2 2014 | Security reporter Brian Krebs first reported evidence of credit card numbers from Home Depot purchases being sold online, suggesting a potential payment system breach. |
August 2014 | Announced Frank Blake would step down as CEO, to be replaced by Craig Menear. |
June 23 2014 | Home Depot announced the end of its NASCAR sponsorship after 2014. |
April 2014 | Arthur Blank acquired an expansion franchise for Atlanta United FC in Major League Soccer. |
January 2014 | The Home Depot acquired Blinds.com, making it a wholly owned subsidiary. |
2013 | Established two large distribution centers in Atlanta and Los Angeles. |
March 2013 | Home Depot locations in Canada stopped accepting compact fluorescent light bulbs for recycling. |
2012 | Home Depot VP of Corporate Communication Stephen Holmes publicly announced that the company had no further plans to expand or develop additional fuel centers. |
September 2012 | Home Depot settled a disability discrimination lawsuit with the U.S. Equal Employment Opportunity Commission (EEOC), agreeing to pay $100,000 and provide additional relief for allegedly failing to accommodate a cashier with cancer at its Towson, Maryland store and subsequently terminating her employment due to her medical condition. |
September 2012 | The Home Depot announced the closure of all big box stores in China, retaining only two specialty stores - a Home Decorators Collection Store and a paint and flooring store. |
February 2012 | Home Depot introduced HDX, a low-cost brand that replaced the Workforce brand in February. |
2011 | Home Depot appeals the district court's decision to the United States Court of Appeals for the Federal Circuit, challenging various aspects of the original ruling including infringement, willfulness, damages, and attorney fees. |
2011 | The United States District Court for the Southern District of Florida jury returns a verdict in favor of Powell in the patent infringement case. |
May 2011 | During the Joplin tornado, a Home Depot store experienced a catastrophic structural failure when its tilt-up concrete walls collapsed, resulting in seven fatalities in the front of the store while 28 people in the back survived. Only two of the store's slab walls remained intact. |
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