THE HOME DEPOT LAUNCHES MILITARY MOVING HUB TO SUPPORT MILITARY RELOCATIONS

Rhea-AI Summary

The Home Depot has launched a Military Moving Hub to support U.S. Armed Forces and their families during relocations. Announced on May 15, 2024, to coincide with Armed Forces Day, the program offers exclusive discounts and resources tailored to military personnel. The hub provides information to help military families save time and money on Personally Procured Moves (PPM) and features a downloadable permanent change of station (PCS) checklist. Military families, who often relocate every 2-3 years, can access moving truck rentals with a 15% discount and a 10% discount on eligible purchases year-round. The Home Depot also partners with Military Exchange Services for tax-free shopping on major appliances. This initiative is part of The Home Depot's ongoing commitment to veteran causes, with significant investments planned through The Home Depot Foundation.

Positive

• Launch of Military Moving Hub provides tailored resources for military families.
• 10% discount on eligible purchases for active military veterans and spouses.
• 15% discount on Penske moving truck rentals for military personnel.
• Tax-free shopping on major appliances through Military Exchange Services.
• Commitment to invest $750 million in veteran causes by 2030.

Negative

• The initiative may lead to increased operational costs for The Home Depot.
• Potential for lower profit margins due to ongoing discounts and special pricing.

Program offers exclusive shopping discounts and moving resources for U.S. Armed Forces and Military Spouses

ATLANTA, May 15, 2024 /PRNewswire/ -- In honor of Armed Forces Day, The Home Depot launched a new Military Moving hub designed to offer information tailored to military families to learn how to save time and money on their next Personally Procured Move (PPM), including a downloadable permanent change of station (PCS)  checklist and more to the hundreds of thousands of active-duty military families who relocate every year.

Military families on average relocate every 2-3 years, with military retirees averaging six or more relocations over their military career. According to Blue Star Families' annual Military Family Lifestyle Survey, active-duty service members and military spouses consistently rank frequent military relocations and rising cost of home ownership as top quality-of-life issues accompanying service in the U.S. Armed Forces.

The Home Depot's new military moving hub is designed to be a one-stop-shop for all military relocation essentials. From moving truck rentals and boxes to décor and cleaning materials, the website is designed to help military families take the stress out of PCS. Families can discover how to save time and money on their next PPM with a downloadable military moving checklist, found at www.militarymoving.com.

"At The Home Depot, we hold a special place in our hearts for those who serve our country, and we appreciate the unique challenges and sacrifices military families face," said Erin Izen, senior director of Military Relations for The Home Depot. "Moving is stressful, and each PCS is different. Our goal is to make these moves go a little smoother for our military families." The Home Depot's Military Moving hub offers exclusive resources and shopping discounts to members of the U.S. Armed Forces and military spouses, including:

- New Military Movers Hub: www.militarymoving.com is a new resource and support hub with information tailored to military families to learn how to save time and money on their next PPM, including a downloadable PCS checklist and more.
- Military Discount Benefit: Active military veterans and their spouses enjoy 10% off eligible purchases every day, year-round, in stores and online.
- Penske Moving Truck Rentals: Active military and veterans receive 15% off moving truck rentals with proof of valid military ID or veteran status at pickup. Penske moving trucks can be found at nearly 650 Home Depot locations across the United States, conveniently located near many military installations.
- Military Exchange Services Partnership: Eligible members of the military community, including veterans, can shop tax free online with special pricing on major appliances sold by The Home Depot through the Army & Air Force Exchange Service and Navy Exchange.

The Home Depot employs approximately 465,000 associates, including tens of thousands of veterans and military spouses. Since 2011, The Home Depot Foundation has invested more than $500 million in veteran causes and pledged to invest $750 million by 2030. Learn more about The Home Depot and The Home Depot Foundation's investments in military families and veterans at www.homedepot.com/military.

 About The Home Depot

The Home Depot is the world's largest home improvement specialty retailer. At the end of the first quarter of fiscal year 2024, the company operated a total of 2,337 retail stores in all 50 states, the District of Columbia, Puerto Rico, the U.S. Virgin Islands, Guam, 10 Canadian provinces and Mexico. The company employs approximately 465,000 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.

 

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SOURCE The Home Depot

FAQ

What is The Home Depot's Military Moving Hub?

The Military Moving Hub is a resource center by The Home Depot designed to help military families save time and money during relocations, offering exclusive discounts and a downloadable PCS checklist.

What discounts are available for military personnel at Home Depot?

Active military veterans and spouses receive a 10% discount on eligible purchases year-round and a 15% discount on Penske moving truck rentals.

When did The Home Depot announce the Military Moving Hub?

The Home Depot announced the launch of the Military Moving Hub on May 15, 2024, in honor of Armed Forces Day.

Where can military families access the PCS checklist?

Military families can download the PCS checklist from the new Military Moving Hub at www.militarymoving.com.

How does The Home Depot support military families through the Military Exchange Services?

The Home Depot offers tax-free shopping on major appliances for eligible military members through partnerships with the Army & Air Force Exchange Service and Navy Exchange.