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The Home Depot, Inc. (NYSE:HD) Makes Water Conservation Part Of Its Business

Boston, MA 04/14/2014 (wallstreetpr) – The Home Depot, Inc. (NYSE:HD) is a leader in the home improvement retail space. The company can be seen seeking to provide much more than just home improvement products to its customers. Water conservation is gaining center stage at in the company’s operations. From offering water conservation products to providing tips on effective water conservation, the company is doing a lot to ensure that its customers do more with the little water.

In recent times, the company has been seen restructuring its in-store environment. Hundreds of its stores in the West have been installed with signage and displays to increase water conservation awareness. In so doing, the company helped its customers to save about 43 billion gallons in 2013. That significant water saving was achieved through increased purchase of water conservation products from the store.

 In the coming week, Home Depot, Inc. (NYSE:HD) announced a nationwide awareness about water conservation in and outside the homes. The nationwide education and awareness day will be held on April 26, and it will involve water conservation workshops at the company’s stores across the U.S.

Measures to deal with water restrictions

The current dry condition in the West has set in a regime of water restriction across the markets served by Home Depot, Inc. (NYSE:HD). The company believes it has a role to play in helping its customers conserve water without hurting performance. Moreover, greater awareness about need to conserve water is helping the company to boost sales of its water conservation labels. Thus, as the company takes its conservation message to the doorsteps of customers and adjusting in-store environment to reflect what it believes in about water conservation, the bottom line is that the efforts are paying off in improving sales and revenue.

 Encouraging performance

The Home Depot, Inc. (NYSE:HD) had very strong performance in the past year despite some of its key markets falling in economic slowdown environments. The stronger results in fiscal 2013 were mainly supported by aggressive marketing campaigns and competitive cost-cutting measures, trends that are expected to continue. The company reported sales of $78.8 billion and earned profits of $5.4 billion in fiscal 2013. In the current fiscal year, the company expects revenue to increase by 4.8 percent.

Published by Flavia Carruth

Hi, I am Flavia and have done my MBA with finance as specialization and a Bachelor in Economics with 4 years of experience as Financial Analyst in leading Software Firm. I have passion for article writing, report making and stock market Analysis.

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