#home-depot

#home-depot

Home Depot is acquiring GMS for $4.3 billion to enhance its capability to serve professional contractors amidst a tough do-it-yourself market.

In response to ICE raids, Home Depot provided guidance to employees about safety and reporting incidents, allowing employees disturbed by raids to leave with pay.

The deportations at Home Depot threaten to disrupt a decade's long relationship between homeowners, contractors and the laborers they hire for remodeling or landscaping projects.

Home Depot reported a 9.4% year-over-year increase in net sales for Q1 2025, although comparable sales dipped slightly by 0.3% overall.

The FBI's investigation into Home Depot founders Bernie Marcus and Arthur Blank revealed they used $140,000 in corporate funds to try to bribe Handy Dan workers.

CFO Richard McPhail stated that Home Depot's investments against shoplifting and organized retail crime are yielding results, despite the increasing difficulty of the retail environment.

Last year, Home Depot's pre-lit Christmas tree went viral and sold out in many stores, with reviews highlighting its brightness and festive appeal. TikTokers expressed excitement, describing their new purchases enthusiastically. The tree, standing 7.5 feet tall, comes complete with charming lights and a remote control, eliminating the need for extra decorations. Importantly, it offers good value at $70 less than a competing product, marking it a win for holiday preparations.

"Having an employee who also works as a contractor can be ideal for the customer. You're essentially getting someone who is both an expert and also has knowledge of how to get the best deal for whatever products you're buying for the job," Harold shared.