Home Depot News Updates

Home Depot also announced Aug. 18 that it is launching express delivery nationwide. The service will get orders to customers within three hours or less. It will be available for a small flat fee in the U.S.

Ann-Marie Campbell, senior executive vice president, will oversee day-to-day operations, and CFO Richard McPhail will lead financial management and the company’s subsidiaries involving professional contractors. 

The housing market has been static as Americans wrestle with rising costs and other economic concerns.

Comparable sales, which track performance at locations open at least a year, rose 0.4% in the quarter ended Feb. 1, better than the average of estimates compiled by Bloomberg.

The company is eliminating roles associated with its store support center and mandating a five-day in-office schedule for corporate workers, a spokesman confirmed to Bloomberg News.

The U.S. housing market has weighed on Home Depot as high interest rates prompt consumers to remain on the sidelines for big-ticket purchases and projects that require financing.

Home Depot's third quarter was mixed with fewer violent storms reaching shore, more anxiety among U.S. consumers and a housing market that is in a deep funk.

Retailers are expressing optimism about the resilience of U.S. consumers, a sentiment that could soon be put to the test as tariff-fueled price hikes increasingly show up on shelves.

Lowe's and rival Home Depot have intensified their focus on professional builders.

Sales at stores open at least a year, a key indicator of a retailer’s health, rose 1%. In the U.S., comparable store sales increased 1.4%.