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Home Depot Boosts Pro Offering with $18.25B Acquisition of SRS Distribution

Retail TouchPoints

The Home Depot is acquiring building products distributor SRS Distribution for $18.25 The acquisition of SRS follows Home Depot’s November 2023 acquisition of Construction Resources , a distributor of design-oriented surfaces, appliances and architectural specialty products with showrooms across the Southeast and East Coast.

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Home Depot ‘Retool Your School’ Program Awards Nearly $3 Million to 42 HBCUs

Retail TouchPoints

For the 15th year, The Home Depot has awarded grants for campus improvements to Historically Black Colleges and Universities (HBCUs) as part of its Retool Your School program. The Home Depot has a proud legacy of supporting and uplifting HBCUs,” said Molly Battin, SVP and Chief Marketing Officer at The Home Depot in a statement.

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Home Depot Strengthens Pro Offerings with 4 New Distribution Centers

Retail TouchPoints

The Home Depot plans to open four new distribution centers designed specifically for the needs of its professional customers in the first half of 2024. The retailer already has opened similar pro-focused hubs across the country and expects to have 17 top pro markets equipped with new capabilities by the end of this year.

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Home Depot Rebrands Retail Media Network as Orange Apron Media

Retail TouchPoints

The Home Depot has revamped and rebranded its retail media network, which first launched in 2018. Don’t miss the chance to hear directly from Babcock about The Home Depot’s plans and the future of retail media at the Retail Innovation Conference & Expo taking place June 4-6 in Chicago.

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The Complete Guide to Marketplace Success

It’s no secret marketplaces have made an impression in the eCommerce world after the onset of COVID-19, but the growth of online sales slowed in 2021 as many vaccinated consumers (and those tired of staying at home) returned to stores. That being said, the success and growth of these online shops doesn’t show signs of slowing down.

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Home Depot, Lowe’s Look to ‘Pros’ for Growth

Retail TouchPoints

Competitors The Home Depot and Lowe’s are both zeroing in on the same high-value target as the pandemic-driven home improvement boom slows — professional contractors, builders and tradespeople. Both Chip Devine, SVP of Outside Sales, and Tim Wilkerson, SVP of Home Services, will now report to Campbell.

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Staples Simplifies Battery Recycling with New At-Home Program

Retail TouchPoints

Beginning in April, the retailer will offer a free battery recycling box (while supplies last), in which consumers can collect batteries at home and return them to Staples for free recycling. Staples has leveraged consumer recycling behavior research from MIT and partnered with Call2Recycle and ERI to design the program.

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