BURBANK, Calif.—Detectives continued their investigation May 28 into the fatal police shooting of a man who threatened to shoot people at a Home Depot in Burbank. The shooting occurred around 4 p.m. Saturday in the parking lot of the Home Depot at 1200 Flower St., east of the Golden State (5) Freeway, Burbank Police Sgt….
Man Threatening to Shoot at Burbank Home Depot Shot Dead by Police
May 28, 2023
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Home Depot Cuts Forecasts Amid Pullback on Home Improvements
Home Depot’s revenue during the first quarter fell short of expectations and the company on Tuesday cut its annual sales forecast and projected a decline in profit for the first time since 2009. Shares of the nation’s largest home improvement chain tumbled about 4 percent, while those in rival Lowe’s dropped nearly 3 percent. For the…
Home Depot Cuts Forecasts, Signals Weakness Ahead for Big US Retailers
Home Depot Inc. on Tuesday cut its annual sales forecast and projected a steeper-than-expected decline in profit, stoking fears about inflation-wary consumers trimming discretionary spending as a big earnings week for U.S. retailers rolls out. Shares of the largest U.S. home improvement chain, which also blamed a wet start to Spring and falling lumber prices…
2 Men Arrested in Home Depot Theft Ring in Southern California
SANTA ANA, Calif.—One man pleaded not guilty April 13, and another man is scheduled to be arraigned Friday in an alleged retail theft ring that operated out of Los Angeles, Orange, and San Diego counties for about two years and netted more than $76,000. Luis Alberto Delasancha, 31, pleaded not guilty to 25 counts of…
Home Depot Invests $1 Billion in Wage Increases as Sales Drop
Home Depot Inc. said Tuesday it will spend $1 billion more in annualized compensation for its frontline hourly workers in the United States and Canada. The Atlanta-based home improvement chain said every hourly employee will get a raise starting this month. Starting pay will be at least $15 per hour. Wells Fargo analysts, however, said…
Home Depot Warns of Weak 2023 Profit as Rising Prices Hurt Demand
Home Depot Inc. forecast annual profit below Wall Street expectations on Tuesday as soaring prices weigh on demand for home improvement products, while it grapples with higher costs and labor shortages. The No. 1 U.S. home improvement chain posted a surprise drop in fourth-quarter comparable sales, sending its shares down about 4 percent in premarket…
Home Depot Adopts New Policy on How It Pays Employees Following Lawsuit
January 14, 2023
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Home Depot announced a new policy regarding how it calculates employee wages, doing away with its earlier practice of rounding off time spent by employees at work and instead choosing to calculate based on the “nearest minute” spent by workers. “Our policy has been to round total shift time up or down to the nearest…
Home Depot Co-founder Fears Demise of Capitalism Amid Rise of ‘Woke’ Socialism
In the more than four decades since he co-founded Home Depot, 93-year-old Bernie Marcus has learned quite a bit about the economy and business in America, developing strong views about what works and what doesn’t along the way. In a recent interview with the Financial Times, the billionaire discussed those views, lamenting the current state…
Theft Is ‘Higher Than What It Has Historically Been’: Walmart CEO
Walmart CEO Doug McMillon has weighed in on the rising trend of retail theft, terming it an issue that has become much worse than ever before. During an interview with CNBC, McMillon said that Walmart stores across the United States are experiencing an uptick in shoplifting. The issue of theft is now “higher than what…
Philadelphia Home Depot Workers Vote to Reject Unionization
PHILADELPHIA—Home Depot workers in Philadelphia rejected the first store-wide labor union at the world’s largest home improvement retailer Saturday night, a loss for a fledgling movement to organize at major U.S. companies. Workers voted 165 to 51 against forming Home Depot Workers United, which would have represented 274 employees at the store, according to the…
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