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Home Depot Posts Q2 Beat Despite Macroeconomic Drag, Cautious Consumers

Home Depot Posts Q2 Beat Despite Macroeconomic Drag, Cautious Consumers

by Mike Duff | Aug 13, 2024 | Retail Articles

For the second quarter, Home Depot faced softer demand based on economic conditions and anticipation of interest rate cuts but still managed to beat Wall Street estimates. Net earnings were $4.56 billion, or $4.60 per diluted share, versus $4.66 billion, or $4.65 per...
Ace, Target Add Stores As Consumers Keep Supporting Physical Retail

Ace, Target Add Stores As Consumers Keep Supporting Physical Retail

by Mike Duff | Jul 17, 2024 | Retail Articles

Although e-commerce gets a lot of attention, particularly now as brick-and-mortar-based retailers leverage the online part of their businesses to compete with Amazon and its Prime Day summer promotion, many major retailers remain committed to significant and long-term...
Kantar Ranks Amazon as Most Valuable Retail Brand, Followed by Home Depot and Walmart

Kantar Ranks Amazon as Most Valuable Retail Brand, Followed by Home Depot and Walmart

by Mike Duff | Jun 13, 2024 | Retail Articles

Among worldwide banners in a Kantar study of brand value, Amazon came in as the leading retailer, and The Home Depot beat out Walmart to complete the top three retailers. In the Kantar BrandZ Most Valuable Global Brands Report 2024, Costco and Lowe’s followed to fill...
Home Depot Posts Q2 Beat Despite Macroeconomic Drag, Cautious Consumers

Home Depot Digital Chief Broggi Named EVP Customer Experience

by Mike Duff | May 31, 2024 | Retail Articles

The Home Depot appointed Jordan Broggi executive vice president of customer experience and president of online, effective June 3. Broggi was Home Depot senior vice president and president of online. As EVP of customer experience, he is responsible for leading the...
Home Depot Posts Q2 Beat Despite Macroeconomic Drag, Cautious Consumers

Home Depot Beats Earnings But Is Short on Revenue

by Mike Duff | May 14, 2024 | Retail Articles

In the first quarter, Home Depot beat Wall Street estimates on earnings but came up a bit short on revenues as it continues reconfiguring elements of the operation to align with business trends and market opportunities. Net earnings were $3.6 billion, or $3.63 per...
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