The Home Depot (NYSE:HD) announced on Thursday that it is making leadership portfolio changes to accelerate innovation and capture a greater share of the $1.2 trillion home improvement market.
The company said it is consolidating key functions across merchandising, loyalty, financial services, its professional contractor business and technology to speed innovation and create a more seamless shopping experience.
Targets $700 Billion Pro Opportunity Home Depot is sharpening its focus on professional customers, a market it estimates is worth about $700 billion.
The retailer is transforming its Office of Integration into the Office of Pro Acceleration, led by Chief Financial Officer Richard McPhail.
The group will coordinate Home Depot Pro, HD Supply, SRS and Construction Resources while developing shared capabilities in customer relationship management, product catalogs and fulfillment.
