Home Depot Founder Arthur Blank: This Is the Most Important Question You Can Ask Your Employees

Arthur M. Blank, co-founder of The Home Depot, was introduced to the startup life as a kid. His father launched a mail-order pharmacy business out of the one-bedroom apartment the family of four shared in the Sunnyside section of Queens, New York. Four years later, darkness set in when Blank’s father died suddenly. His mother picked up the pieces of both the family and the family business. She plowed ahead and became a successful entrepreneur, ultimately selling the company.

“My mother used to say, ‘make decisions for the right reason and live with the consequences,'” Blank tells Inc. That’s why, for instance, he decided to delay the reopening of the Mountain Sky Guest Ranch, a dude ranch he owns in Montana, even though it typically runs at more than 90 percent occupancy and guests were yearning to return. “We knew that if we opened we would bring disease into the

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Two family-friendly Home Depot employees cited for theft: Highland Heights Police Blotter

HIGHLAND HEIGHTS, Ohio



a car parked in a parking lot: Highland Heights police


© Andy Attina / cleveland.com/cleveland.com/TNS
Highland Heights police

Theft: Wilson Mills Road

An employee of Home Depot was arrested Oct. 1 for the theft of $242 worth of merchandise over three separate transactions. The Euclid woman, 82, was suspected of under-ringing items for her family and friends.

A second employee was also arrested that day for theft. The Euclid woman, 60, was allowing a fellow employee to pass through the checkout line without paying on multiple occasions. The total value of the theft was $854.

Disturbance: Wilson Mills Road

Around 8:15 a.m. Sept. 30, a man wearing a blonde wig was said to be yelling to himself behind Panini’s. Officers located the Cleveland man, 57, and were familiar with him. He checked OK, was advised of an outstanding warrant with North Randall police and given a courtesy ride to the library I Richmond Heights.

Theft: Alpha

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Many Retailers, From Belk To Home Depot, Retire The Annual Columbus Day Sale

It seems as though the annual Columbus Day Sales promotion has finally run its course. Retailers have largely abandoned the event. Once a profit generator for department stores and downtown shopping districts, the Columbus Day Sale has become a liability.

The depiction of an explorer who enslaved and brutalized native inhabitants of the West Indies brought Columbus front and center during recent demonstrations. Many no longer celebrate Columbus as a skilled navigator and the discoverer of America.

The controversy behind Columbus Day is nothing new and has been brewing for several decades. But after a year that included calls for social reform, the removal of statues and monuments, and retail sales declines and closures, 2020 became the year to retire the Columbus Day Sale.

Last

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Is Home Depot a Safe Bet During the Pandemic?

With fiscal second-quarter sales growth of 23.4%, it’s safe to say Home Depot (NYSE: HD) has performed quite well during the coronavirus pandemic. As an essential business, the home improvement behemoth was able to keep its doors open to serve the needs of millions of shoppers.



a close up of a newspaper: Is Home Depot a Safe Bet During the Pandemic?


© Provided by The Motley Fool
Is Home Depot a Safe Bet During the Pandemic?

Its stock price has risen 30% so far this year, driven by impressive results from the do-it-yourself (DIY) segment. But for Home Depot to position itself for long-term success, its Pro business is the key.

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Pandemic-fueled growth

From fiscal 2009 through fiscal 2019, Home Depot’s sales increased at a compound annual rate of 5.2%. The company has largely left its store growth unchanged with less than 50 net additions in that 10-year period, but management introduced initiatives like the One Home Depot strategy to boost efficiency within

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An EF-3 Tornado Destroyed It In 2019, Today A Dallas Home Depot Store Reopens

DALLAS (CBSDFW.COM) – The Home Depot store on Forest Lane in Dallas will reopen October 8, nearly a year after being ripped apart by a powerful tornado.

It was on October 20, 2019 when an EF-3 tornado swept through North Dallas, causing part of the store to collapse. On that one day there were 10 tornadoes — in Dallas, Garland and Richardson — that caused some $2 billion in damage to homes and businesses.

Today customers at the North Dallas location were happy to have their neighborhood home improvement store back open for business.

Customer Frank Jeffreys said, “It’s good to see them back smiling again, because it was such a hard time for them. I know it was, because it was pretty devastating when it [tornado] came through.”





© Provided by CBS Dallas


“Nice to be back home,” assistant store manager Jordan Jasper told CBS 11 News, be he

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The Home Depot Announces 2020 Innovation Award Winners

Breakthroughs in cooking take top two spots

ATLANTA, Oct. 7, 2020 /PRNewswire/ — The Home Depot® today recognized the latest product innovations to hit shelves, in store and online, with the announcement of its 2020 Innovation Award winners. Supporting its DIY and Pro customers, the retailer, its merchants, and suppliers have continued to bring state-of-the-art products to the market throughout 2020.   


The Home Depot announces 2020 Innovation Award Winners

This year, The Home Depot’s overall Innovation Award winner and first runner up define innovation in cooking platforms. From frying to grilling and smoking, the top two products elevate the at-home cooking experience. In addition to appliances and grills, finalists cover categories from across the home including lighting, home security, flooring and more.

Top winners include:  

Overall Winner: The Frigidaire Air Fry Range by Electrolux saves time and space with its all-in-one stove, oven and new Air Fry Range cooking capabilities. The large-scale cooking capacity features no-flip

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Why a Winning $6B Value Fund Likes UPS, Walmart, and Home Depot Stock

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Jeff Kripke manages the the $6 billion Pioneer Fund.


Photograph by Tony Luong

Nearly a century before the idea of socially responsible investing took root, Pioneer Investments founder Phil Carret espoused the importance of investing in “good” companies, which at the time meant avoiding tobacco, alcohol, and gambling stocks. 

Today, sustainable investing has evolved to include a range of environmental, social, and governance factors—and the importance of investing with an ESG lens carries even greater weight in the digital age. “Companies spend billions of dollars building their brands, and all of that can go away when bad news goes viral,” says Jeff Kripke, the lead manager of the $6 billion

Pioneer Fund

(ticker: PIODX).

Kripke, 53, took the helm of Pioneer’s 92-year-old flagship portfolio in 2015 and updated its investment approach—reducing the number of holdings by more than half, to a recent 45, and making ESG factors a

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Tornado-damaged Home Depot is rebuilt and ready to open a year later

Just shy of a year after a tornado destroyed their Home Depot, employees who escaped being hurt are ready to reopen a rebuilt store that incorporates the home improvement retailer’s latest ideas.

The new Home Depot opens Thursday at its original spot on Forest Lane just east of North Central Expressway. Ten tornadoes on Oct. 20, 2019, caused $2 billion in damage to homes and businesses in Dallas, Richardson and Garland.

Store manager Jonathan Shields said about 50 of his former employees are back, and the store has hired another 150 people and plans to add as many as 50 more.

Three of Shields’ four assistant store managers returned, including Jordan Jasper, who made the fortunate call to send his co-workers home early on Oct. 20 after hearing the weather forecasts and likely saving some lives.

Jasper was honored at a ceremony attended by 500 area Home Depot employees a

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Can Home Depot and Lowe’s Stock Continue Rallying?

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The Home Depot in Marina Del Rey, California


CHRIS DELMAS/AFP/Getty Images


Home Depot

and

Lowe’s

both fell around 2% on Friday, following downgrades from

Oppenheimer,

which worries that the stocks’ rallies have largely run their courses.

Analyst Brian Nagel cut his rating on Home Depot (ticker: HD) and Lowe’s (LOW) to Perform from Outperform, and lowered his price targets to $305 from $320, and to $180 from $185, respectively. While he still likes the long-term outlook for the stocks, he worries that the recent gains have made them pricey, while comparable sales will enviably slow from their pandemic highs.

Nagel is concerned that the “market is becoming too lax toward chances of a post-Covid-19 sales growth downshift at Home Depot/Lowe’s and potential impact on shares,” especially as the stocks, up about 26% and 34% year to date, are trading above their pre-pandemic peaks.

Of course, no one

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The Home Depot Promotes Insider to President and COO

The Home Depot has named Edward “Ted” P. Decker as President and COO, effective Oct. 5, 2020. A 20-year veteran of the company, Decker has served as EVP of Merchandising since 2014. As the company’s chief merchant, he has been responsible for all store and online merchandising departments, merchandising strategy, services and vendor management, marketing and in-store environment. In his new role, he will assume additional responsibility for global store operations, global supply chain and outside sales and service.

“Ted is an incredible leader who has
enhanced our competitiveness and interconnected strategy by blending the art
and science of retail, while also driving outstanding results with both our
in-store and online customer experience,” said Craig
Menear, Chairman and CEO of The Home Depot in a statement.

The home improvement retailer also
announced additional senior leadership promotions. Ann-Marie Campbell has been named EVP of U.S. Stores and International Operations,
adding responsibility

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