Here’s a round-up of Home Depot Inc. (NYSE:HD) stock briefings from this week. Home Depot Inc. (NYSE:HD) shares ended the week at 35.89 (as of 1/14/2011).
Weekly News Roundup: Home Depot (NYSE:HD)
Monday 10 January
Home Depot (NYSE:HD) has planned to open its new distribution warehouse in Oregon on Monday.
The new facility, located at Mill Creek Corporate Center in southeast Salem is set to open on Monday which will ship merchandise to stores in Oregon, Washington, Idaho and Montana. This move is a part of a larger program to transform the Home Depot (NYSE:HD) supply chain, making it easier for Home Depot (NYSE:HD) stores to keep products in stock.
Chris Spera, general manager of the Home Depot’s (NYSE:HD) Salem warehouse said, “I’ve been impressed with the quality of talent that we have found in this region, which has helped us get this facility up and running on time.”
Thursday 13 January
The Home Depot (NYSE:HD) has named a new head of operation in Canada.
Aaron Carmack, the current regional vice president of the Pac North region in the United States has been promoted as the new president of Home Depot (NYSE:HD) Canada. Carmack will replace Annette Verschuren on January 31st, who is leaving the home improvement retailer after nearly 15 years.
Carmack joined Home Depot (NYSE: HD) in December 2003 and was promoted to regional vice president in March 2007.
In his new role, he will be overseeing the Home Depot (NYSE:HD)’s 179 stores in Canada.
We’ll be keeping a close eye on the Home Depot Inc. stock level for developments over the next few weeks.