Plus   Neg

Home Depot To Accelerate Investments In Resets Of Outdoor Power Category

The Home Depot (HD) announced the company is accelerating its investments in resets of its outdoor power categories. The enhanced assortment will include the company's top brands of cordless outdoor power - Ryobi, Makita, DeWalt, and Milwaukee - as well as the brands of gas-powered products - Toro, Echo, John Deere, Cub Cadet, Honda, and Troy-Bilt. Also, the company has made the decision to discontinue the Ego line of outdoor power equipment. The Home Depot expects to complete the resets in all remaining stores through spring of 2021.

Ted Decker, executive vice president, Merchandising, said: "Similar to prior resets in our power tool business, outdoor power equipment is being reset and positioned by brand, and we will complete this rollout to approximately 1,300 U.S. stores by year's end."

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Intel Corp. said it is probing into the hack of its fourth-quarter earnings report that prompted the chipmaker to release its earnings statement ahead of schedule. The company, which was scheduled to release the results after the market closed, released it before the market closing on Thursday. Google parent Alphabet decided to drop its Internet balloon project Loon that was launched with the idea of providing Internet access to rural areas and providing last mile connectivity. In a blog post, Loon CEO Alastair Westgarth said they have not found a way to get the costs low enough to build a long-term, sustainable business, despite gaining a number of interested partners along the way. American Airlines announced the launch of Flagship Cellars, its home delivery service for premium wines usually available onboard. The airline's move is said to be due to the excess wine it has amid the weakness in air travel demand following the coronavirus pandemic crisis. The company expects the new at-home wine program to generate about $40,000 to $50,000 in sales during the first quarter.
Follow RTT