Home Depot Archives - Cutting Edge Products

Home Depot Misses First Quarter 2023 Revenue Expectations

Posted by Contributor
On May 22, 2023
Home Depot

The Home Depot®, the world's largest home improvement retailer, today reported sales of $37.3 billion for the first quarter of fiscal 2023, a decrease of 4.2% from the first quarter of fiscal 2022. Comparable sales for the first quarter of fiscal 2023 decreased 4.5%, and comparable sales in the U.S. decreased 4.6%.

Home Depot Invests in its Associates

Posted by Contributor
On February 24, 2023
$15 Hour, Cutting Edge Products Magazine, Home Depot, Hourly Wages

Home Depot they are investing an additional $1 billion in wage increases for its frontline hourly associates. This will drive wage growth first and foremost for all its tenured frontline hourly associates. It will also benefit those just starting their careers at The Home Depot. This investment positions them more favorably in every market where they operate, and its starting wage in every U.S. market is at or above $15 per hour.

NO UNION FOR HOME DEPOT STORE – ASSOCIATES VOTE AGAINST

Posted by Contributor
On November 8, 2022
Cutting Edge Products Magazine, Home Depot, Home Depot Philadelphia, Union

At a Home Depot in Philadelphia this past weekend, store associates voted on whether to unionize. It was no. "We’re happy that the associates at this store voted to continue working directly with the company,” said a spokesperson for The Home Depot.

THE HOME DEPOT FOUNDATION COMMITS UP TO $1 MILLION TO SUPPORT COMMUNITIES IMPACTED BY HURRICANE IAN

Posted by Contributor
On September 30, 2022
$1 Million Support, Cutting Edge Products Magazine, Home Depot, Hurricane Ian

The Home Depot Foundation is committing up to $1 million to support immediate disaster relief and long-term recovery efforts in communities impacted by Hurricane Ian. This new disaster response grant takes the Foundation’s 2022 disaster commitment to more than $5.5 million. Alongside nonprofit partners and Team Depot, The Home Depot’s associate volunteer force, the Foundation is providing immediate assistance to communities in need by distributing water and relief supplies, delivering meals, providing shelter and removing debris in the impacted areas as soon as the storm clears.

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