STOCK TITAN

The Home Depot Creates Nearly 500 New Jobs in Baltimore with New Distribution Centers

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary

The Home Depot has launched three new distribution centers in Baltimore, creating nearly 500 jobs. This 1.5 million square-foot campus enhances delivery options for local customers. With a focus on meeting the needs of Pro and DIY customers, the facilities aim to provide same-day and next-day delivery to 90% of the U.S. population. The Baltimore market is vital for the company's supply chain strategy. This expansion aligns with a broader $1.2 billion investment in supply chain improvements, including the addition of approximately 150 new facilities nationwide.

Positive
  • Creation of nearly 500 new jobs in Baltimore.
  • Expansion improves delivery services, targeting same-day and next-day delivery.
  • Part of a $1.2 billion supply chain investment, enhancing operational capacity.
  • New facilities include eco-friendly technology with hydrogen fuel cell charging.
Negative
  • None.

ATLANTA, Aug. 10, 2021 /PRNewswire/ -- The Home Depot® has opened three new distribution centers in Sparrows Point's revitalized Tradepoint Atlantic development. The 1.5 million square-foot campus will bring nearly 500 new full- and part-time jobs to Baltimore and provide even faster delivery options to customers in the region.

"We're focused on creating an easier and more convenient shopping experience for our customers' home improvement needs, whether they shop in stores or online," said Stephanie Smith, senior vice president of supply chain for The Home Depot. "By investing in our supply chain, we'll continue to meet the changing expectations of our Pro and DIY customers – getting us closer to our goal of offering same day and next day delivery to 90 percent of the U.S. population." 

The Baltimore market is a key hub for The Home Depot's delivery and supply chain strategy. The newly opened facility is an 812,000-square-foot building that extends the aisles of the stores by offering fulfillment for online orders, providing a broader range of products directly to customers. It features a zero-emission hydrogen fuel cell charging station that offers a sustainable and more efficient way to power material handling equipment.

Last year, the company opened a 698,000-square-foot facility that serves Pro customers, as well as DIYers, with oversized and bulk flatbed delivery directly to their job sites – whether that's a bunk of lumber, pallet of pavers, or other oversized materials – as well as a delivery location that expands The Home Depot's appliance delivery to customers in the Baltimore area.

In 2017, the company announced a $1.2 billion investment in its supply chain and is in the process of building out its network with about 150 new facilities nationwide. They include a variety of formats to meet the unique needs of different customers in the dynamically changing world of retail. Currently, The Home Depot operates five distribution centers across the state of Maryland, servicing 42 stores.

Hiring is ongoing for warehouse and driver roles, as the company's supply chain expansion continues. Interested jobseekers should visit careers.homedepot.com for a quick and easy application – or, text JOBS to 52270 for a link to apply to local positions. The Home Depot is committed to giving back to its associates and communities and provides tailored benefits for any stage of an associate's life – from tuition reimbursement to backup dependent care for children and elders. The company was recently recognized as one of Forbes' Best Employers for Diversity and is regularly recognized as one of the best companies to grow a career: In fact, last year, the company celebrated 120,000 internal career moves.

ABOUT THE HOME DEPOT
The Home Depot is the world's largest home improvement specialty retailer. The Company operates a total of 2,298 Home Depot retail stores in all 50 states, the District of Columbia, Puerto Rico, U.S. Virgin Islands, Guam, 10 Canadian provinces and Mexico. In fiscal 2020, The Home Depot had sales of $132.1 billion and earnings of $12.9 billion. The company employs approximately 500,000 associates. 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.

Certain statements contained herein constitute "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements may relate to, among other things, implementation of interconnected retail and supply chain initiatives; the impact on our business, operations and financial results of the COVID-19 pandemic and the related recovery; our business plans, strategies, initiatives and objectives and their expected execution and impact; management of relationships with our associates, suppliers and vendors; capital allocation and expenditures; and our assumptions and expectations regarding any of the foregoing.

Forward-looking statements are based on currently available information and our current assumptions, expectations and projections about future events. These statements are not guarantees of future performance and are subject to future events, risks and uncertainties – many of which are beyond our control, dependent on the actions of third parties, or currently unknown to us – as well as potentially inaccurate assumptions that could cause actual results to differ materially from our expectations and projections. These risks and uncertainties include, but are not limited to, those described in Item 1A, "Risk Factors," and elsewhere in our Annual Report on Form 10-K for our fiscal year ended January 31, 2021, and in our subsequent Quarterly Reports on Form 10-Q.

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/the-home-depot-creates-nearly-500-new-jobs-in-baltimore-with-new-distribution-centers-301352067.html

SOURCE The Home Depot

FAQ

What new initiatives did The Home Depot announce on August 10, 2021?

The Home Depot announced the opening of three new distribution centers in Baltimore, creating nearly 500 jobs.

How will the new distribution centers impact delivery for The Home Depot?

The new centers will provide faster delivery options, aiming for same-day and next-day delivery to 90% of the U.S. population.

What is the size of the new distribution centers opened by The Home Depot?

The new distribution centers cover a total of 1.5 million square feet.

What was the financial investment made by The Home Depot in their supply chain?

The Home Depot is investing $1.2 billion in its supply chain to enhance its network.

What features do the new facilities include?

The facilities feature a zero-emission hydrogen fuel cell charging station for efficient material handling.

Home Depot, Inc.

NYSE:HD

HD Rankings

HD Latest News

HD Stock Data

402.71B
993.29M
0.07%
72.13%
1.13%
Home Improvement Retail
Retail-lumber & Other Building Materials Dealers
Link
United States of America
ATLANTA