Price Range 12mo avg: | $6M – $36M |
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$/sf 12mo avg: | $262.89 |
CAP Rate 12mo avg: | 5.88% |
NOI average: | $1,164,279 |
Lease Terms: | 15yrs NNN |
Building Size avg: | 118,500 SF |
Lot Size avg: | 11+/- acres |
When it was founded in 1978 by Bernie Marcus and Arthur Blank, The Home Depot began changing consumers’ perspectives about how they could care for and improve their homes. The Company created the “do-it-yourself” concept, spawning an entire industry that now spans the globe.
Today, The Home Depot® is the world’s largest home improvement specialty retailer, with more than 2,200 retail stores in the United States (including Puerto Rico and the U.S. Virgin Islands), Canada, and Mexico. The Home Depot’s stock is traded on the New York Stock Exchange (NYSE: HD) and is included in the Dow Jones industrial average and Standard & Poor’s 500 index.
S&P Credit Rating: | A |
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Moody’s Credit Rating: | A2 |
Annual Revenue 2014: | $83.2B |
Annual Revenue 2013: | $78.8 |
Revenue Growth: | ↑ 5.5% from 2013 |
Net Income | $6.34B |
Units (Dec. 2014) | 2,264 |
Average Units Volume: | $36.7M |
Yahoo! Finance: HD News Latest Financial News for HD
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Amazon Plans Furniture Assembly Service to Catch Wayfair
on April 16, 2021 at 4:56 pm
(Bloomberg) -- Amazon.com Inc. is experimenting with a premium service that lets customers opt to have furniture or appliances assembled as soon they arrive at their homes, according to people familiar with the plan.The move, if adopted widely, would help the world’s largest online retailer compete more effectively with Wayfair, Best Buy, Home Depot and Lowe’s -- which all offer similar options.Amazon is planning to introduce the service in Virginia and two other markets, said one of the people, who requested anonymity to discuss an internal matter. The company currently offers scheduled delivery of big items -- like bunk beds and treadmills -- to a particular room in a shopper’s home. But customers are often disappointed when delivery people drop off the purchases unassembled in big boxes.Amazon declined to comment.Wayfair shares fell by almost 4% before recovering some of their losses. Amazon was mostly unchanged.The new service requires drivers to unpack and assemble the items, remove the packaging and take the item back on the spot if the customer isn’t satisfied, according to a presentation reviewed by Bloomberg. Previously, customers had to schedule a different contractor to come to their home at a different time to assemble the product, assuming the service was even offered in their location.A training video shows the delivery of a bed and mattress set, as well as a sofa and ottoman, which are fairly simple to assemble. Drivers could be trained to install appliances like washing machines, dryers and dishwashers, according to one of the people, posing a specific threat to Home Depot Inc., Lowe’s Cos Inc. and Best Buy Co., which also sell appliances with installation services.The new offering simplifies the existing Amazon Home Services, which is available in a limited number of cities and lets customers hire contractors through the website to assemble furniture or install ceiling fans and wall-mounted televisions. The new service is designed to make delivery more convenient, cheaper and easier for Amazon to manage, one of the people said.Drivers who hang out in online chat rooms are already balking at the new service. Concerns range from insufficient training to worries that Amazon will hold them to unreasonable job completion times. One driver in Virginia, who requested anonymity to avoid antagonizing his employer, said the company isn’t taking into account cluttered homes with narrow stairways, which can prolong how long it takes to make deliveries. Some colleagues fear catching Covid-19 because customers tend to hover over them when they drop off packages, he said.Demand for bigger items like desks and office chairs spiked during the pandemic as millions retreated to their homes. Shoppers also became more comfortable buying big-ticket items online that they previously preferred to purchase from a store where they can lie on beds or sit on sofas.Online sales of furniture and housewares jumped 41% in 2020 to $36.1 billion, according to Coresight Research. Sales are expected continue to grow this year, albeit more slowly, to $37.3 billion. The surge in demand for big items created delivery logjams and weeks-long delays, creating an opportunity for Amazon to bring its reputation for quick delivery to the sale of bigger items like furniture.The Seattle-based e-commerce giant has struggled to match the runaway success of Wayfair, which supplanted Amazon in 2019 as the biggest online home-goods retailer in the U.S., according to 1010Data. Amazon has its own private-label furniture brands and in 2019 launched the virtual reality shopping feature Showroom that lets shoppers see what furniture would look like at home.(Updated with company comment, drivers reaction.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P. […]
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Dow Jones Rallies As Nasdaq Falls; These Warren Buffett Stocks Near Buy Points
on April 16, 2021 at 4:23 pm
The Dow Jones was gaining even as the Nasdaq struggled. Cisco was among the top blue chips. A clutch of Warren Buffett stocks are nearing buy points. […]
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Homebuilder stocks in broad rally to records after big jump in housing starts data
on April 16, 2021 at 3:55 pm
The homebuilder sector enjoyed a unanimous rally toward a record Friday, after data showing that new-home construction in March surged more than expected. the SPDR S&P Homebuilders ETF rallied 1.6% toward a record close, with all 35 equity components gaining ground. Among the more active homebuilders, shares of Toll Brothers Inc. climbed 1.9% and D.R. Horton Inc. hiked up 2.3%, both into record territory, while Lennar Corp. advanced 1.0%, in range of its April 9 record close of $105.52. Also in the homebuilders ETF, shares of Home Depot Inc. rallied 1.3% and Lowe's Companies jumped 1.5%, both toward record closes. The homebuilders ETF has run up 29.6% year to date, while the S&P 500 has gained 11.2%. Housing starts in March rose 19% from February to a seasonally adjusted annual rate of 1.74 million, topping expectations of 1.62 million. […]
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Bed Bath & Beyond is poised for a strong 2021: CEO
on April 16, 2021 at 1:58 pm
Mark Tritton, Bed Bath & Beyond CEO and president, joins Yahoo Finance to discuss the company’s turnaround efforts and outlook for the future. […]
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[video]Horrendous Trading Action Continues
on April 16, 2021 at 10:51 am
Hundreds of broken charts are being offset in the indices with a couple of big-cap names such as Home Depot. […]
NYSE: HD