A large US retailer
Home improvement retail · Two US technology hubs, one India center · NYSE-listed, Fortune 100 · name withheld
An $86 billion retailer whose technology is run from three places at once, with two 2025 acquisitions that still carry their own technology leadership. Treated as one account, the picture is wrong. Treated as four, it reads.
| Company | Value | As of | Method |
|---|---|---|---|
| Revenue | $86.3BProvenanceMethod: Disclosed · confidence 0.95Corroborated across 3 independent channelsAs of: FY ended 30 Jan 2026Disclosed, not modeled | FY ended 30 Jan 2026 | Disclosed · 3 channels |
| Net income | $6.65BProvenanceMethod: Disclosed · confidence 0.95Corroborated across 3 independent channelsAs of: FY2026 | FY2026 | Disclosed · 3 channels |
| Capital expenditure | $2.21BProvenanceMethod: Disclosed · confidence 0.95Corroborated across 3 independent channelsAs of: FY2026Up from $1.93B the prior year | FY2026 | Disclosed · 3 channels |
| Employees | 167,000ProvenanceMethod: Disclosed · confidence 0.95Corroborated across 3 independent channelsAs of: FY2026 | FY2026 | Disclosed · 3 channels |
| Stores | 1,759ProvenanceMethod: Disclosed · confidence 0.95Corroborated across 3 independent channelsAs of: FY2026196 million square feet of selling space | FY2026 | Disclosed · 3 channels |
| Buying units | 4ProvenanceMethod: Disclosed · confidence 0.95Corroborated across 4 independent channelsAs of: Sep 2026Core retail, an India engineering center, and two 2025 acquisitions | Sep 2026 | Disclosed · 4 channels |
| Unit | What it is | What the record says |
|---|---|---|
| The parent | US retail, two technology hubs in one state | The primary buying unit. Technology leadership at EVP level, with a bench of SVPs and VPs beneath it. |
| The India center | A Bengaluru engineering center | Led at managing-director level. Invisible to the public record; visible only through the channels it never reaches. |
| Acquisition A | Building-materials distribution, acquired Oct 2025 for $8.8B | Kept its own CIO and technology VPs. Its supplier roster shares almost nothing with the parent. |
| Acquisition B | Interiors and installation, acquired Apr 2025 for $1.325B | Effectively no disclosed technology supply base. |
Treating the group as one account produces a wallet that is wrong by an order of magnitude and a stakeholder map with no owner for anything.
| Supplier | Type | Function | First evidence | Most recent | Note |
|---|---|---|---|---|---|
| Mastech | Staff augmentation | IT | 2019 | Evidence inside 12 months | Largest by placements |
| Cognizant | Global systems integrator | IT | 2019 | Evidence inside 12 months | Largest on the public record |
| Compunnel | Specialist IT services | IT | 2019 | Evidence inside 12 months | Two sites |
| Kforce | Specialist IT services | IT | 2023 | Evidence inside 12 months | One hub only |
| GlobalLogic | Product engineering | IT | 2021 | Evidence inside 12 months | Two sites |
| Litmus7 | Retail specialist | IT | 2019 | Evidence inside 12 months | Seven placements |
| Drevol | Specialist IT services | IT | 2025 | Evidence inside 12 months | Newest entrant |
| Brillio | Specialist IT services | IT | 2023 | Evidence inside 12 months | Acquired unit only |
Every bar starts at first evidence and ends at most recent. Nothing here is a judgement about a supplier: a bar that stops in 2023 means the account stopped disclosing that firm, which the record states and does not interpret. Two firms are left unnamed because their windows have closed.
334 firms on the record. The tail is the consolidation argument, and no incumbent on the account is making it: a buyer with 258 two-placement suppliers and no prime contract is purchasing labour capacity rather than delivered outcomes.
| Category | What the record holds |
|---|---|
| Audit and assurance | One firm, continuously since 1982. The longest relationship on the record. |
| Media and creative | Media agency of record since the 2017 review, with a solutions architect embedded on marketing technology. Creative agency changed in 2024. |
| Facilities and logistics | A facilities firm with a director whose title names the account. Four logistics providers on distribution operations. |
| Offshore IT services | Eight Indian and global IT services firms present in the channels nobody reads and absent from the public record. Offshore delivery leaves no trace on the public record. |
| Consulting and advisory | Four strategy and advisory firms at engagement level. |
| Search and staffing | Four recruitment and contract-placement firms. |
Suppliers on the record, by the volume of evidence naming the account. Eight years of public record, so this is a history of the account as much as a picture of it today. Presence is graded on evidence recency and shown here as a date, not a verdict. Eight of the suppliers with evidence inside twelve months are listed; the record holds all 334.
| Program | Function | Phase | Delivered by | Owning team | First seen | Confidence | Evidence |
|---|---|---|---|---|---|---|---|
| Analytics platform migration to a cloud data warehouse | IT | Migrating | Internally held, hiring | Store operations AI and innovation | Jun 2026 | High | One primary document names the legacy stack and the target together |
| Customer identity and access management | IT | Building | Internally held, hiring hard | Information security | Aug 2026 | High | A dedicated lead-engineer seat, newly opened |
| Enterprise workforce access management | IT | Building | Internally held | Information security | Jul 2026 | Medium | Named in a newly opened seat |
| Disaster recovery program | IT | Building | Internally held | Information security | Aug 2026 | Medium | A newly opened seat naming scale and efficiency of the program |
| AI governance | IT | Evaluating | Internally held | AI, data and governance | Aug 2026 | High | A director-level seat with no predecessor |
| Physical AI | IT | Evaluating | Internally held | Applied AI | May 2026 | Medium | A senior engineering seat, newly opened |
| Commerce platform build | IT | Building | Internally held, hiring | eCommerce and omni commerce | Aug 2026 | High | Three roles opened in two days |
| Retail media network build-out | Marketing | Building | Agency plus internal | Media network | Oct 2025 | High | Two VP-level seats filled in twelve months |
| Marketplace and dropship onboarding | Customer operations | Building | Internally held | Digital commerce | Jul 2026 | Medium | Two manager seats |
| Trade supply digital | Customer operations | Building | Internally held | Trade supply digital | Aug 2026 | Medium | Two seats opened in one day |
Confidence means how much of the program is externally visible, not how likely it is. First seen is the earliest mention, not the project start: detection lags reality by a quarter or more.
| Seat | Unit | In seat since | Employment | Reporting line |
|---|---|---|---|---|
| President, CEO and Chairman | Core | Verified in seat | Stated | |
| EVP, Chief Digital and Information Officer | Core | Sep 2022 | Verified in seat | Stated |
| EVP and CFO | Core | Jan 2022 | Verified in seat | Stated |
| EVP, Trade and Home Services | Core | Jun 2023 | Verified in seat | Stated |
| EVP, Supply Chain | Core | Mar 2024 | Verified in seat | Stated |
| SVP, eCommerce and Omni Commerce Product and Technology | Core | Feb 2023 | Verified in seat | Inferred |
| SVP of Digital | Core | Jan 2025 | Verified in seat | Inferred |
| VP, AI, Data, Governance and Innovation New function | Core | Jun 2025 | Verified in seat | Inferred |
| VP, Infrastructure and Operations | Core | Dec 2022 | Verified in seat | Inferred |
| SVP Technology and Managing Director, India | India | Sep 2020 | Verified in seat | Stated |
| VP of Technology, India | India | Sep 2025 | Verified in seat | Confirmed |
| VP, Data Analytics and AI, India | India | Aug 2022 | Verified in seat | Inferred |
| Chief Information Officer | Acquisition A | Jul 2019 | Verified in seat | Inferred |
| VP IT, Business Systems, Automation and AI | Acquisition A | Feb 2025 | Verified in seat | Inferred |
| VP, IT Operations | Acquisition B | Oct 2022 | Verified in seat | Inferred |
Security leadership. Eight security seats opened in ten weeks and four director-level security people visible, but no security executive surfaced. Not called vacant.
Technology sourcing. A strategic sourcing manager for technology was being recruited in July 2026, so commercial terms are handled separately from technical selection. Current owner unidentified.
Every seat is verified against an open, undated current role. Employment status and reporting lines are graded separately because they fail independently: a person can be in seat while the line above them is a hypothesis. Three seats shown as current in an earlier pass had left the company; the record says so and withdraws the two claims that rested on them. Names are held in the model and shown on a demo.
A component recorded as "being replaced" with no target named carries half the information. Naming both states at once states the incumbent, the direction of travel, the fact that budget has cleared, and the delivery capacity the move will need. Owned by the store operations AI and innovation team, hiring against two open seats.
| Component | Category | State | Moving to | Confidence | Evidence |
|---|---|---|---|---|---|
| Google Cloud Platform | Cloud | Investing | High | 5 supporting documents | |
| BigQuery | Data platform | Adopting | High | Named as a migration target | |
| Vertex AI | AI platform | Adopting | Medium | 2 supporting documents | |
| Microsoft Azure | Cloud | Established | Medium | 4 supporting documents, secondary | |
| Teradata | Data warehouse | Migrating | BigQuery | High | Named beside the target in one primary document |
| MicroStrategy | BI | Sunset | BigQuery / Power BI | High | Named as legacy in the same primary document |
| Business Objects | BI | Sunset | BigQuery | Medium | Same primary document |
| Cognos | BI | Sunset | BigQuery | Medium | Same primary document |
| Power BI | BI | Adopting | Medium | 4 supporting documents | |
| Mainframe (COBOL, DB2) | Core legacy | Established | Medium | A director-level seat still owns it | |
| Ping Identity | Identity | Investing | High | 4 supporting documents, a named program | |
| Okta | Identity | Established | Medium | 3 supporting documents | |
| Blue Yonder | Supply chain planning | Established | Medium | 2 supporting documents plus a vendor record | |
| o9 Solutions | Supply chain planning | Evaluating | Low | Vendor-side record only | |
| SAP | ERP | Established | Medium | 2 supporting documents | |
| Salesforce | CRM | Established | Medium | Career records, a CRM engineering seat | |
| Adobe Experience | MarTech | Established | Medium | 2 supporting documents, an agency record | |
| Java / Spring Boot | Application | Established | High | 51 primary documents, 6 of them overlapping |
Every row is detected by inference, never declared by the company, so confidence reflects how many sources saw it and how good they were. "Sunset" and "Migrating" are read from a company naming an old stack and a new one in the same breath.
| Team | Function | Size (modeled) | Where | Open roles | Programs | Stack |
|---|---|---|---|---|---|---|
| Information security | IT | 120 to 200 | Tech hub | 8 | Identity, access, disaster recovery | Identity platforms |
| Store operations AI and innovation | IT | 20 to 40 | Headquarters | 2 | Analytics migration | Cloud data warehouse, legacy BI |
| Commerce solutions | IT | 30 to 60 | Tech hub | 3 | Commerce platform | Full stack |
| Digital commerce | Customer operations | 40 to 80 | Headquarters | 4 | Marketplace, dropship | Marketplace platform |
| Media network | Marketing | 30 to 60 | Regional office | 1 | Retail media | MarTech |
| Applied AI and data products | IT | 40 to 80 | Tech hub | 1 | Physical AI, AI governance | AI platform, Python |
| India engineering center | IT | 1,500 to 4,000 | Bengaluru | not measured | Analytics, omni platform | Broad |
Size is modeled from record counts and document volume, which undercount. Sorted by open roles, because a team hiring against a named stack is funded and moving.
Both 2025 acquisitions were justified on the professional builder. $10.1B deployed in six months, positioned for an expected housing recovery.
The hiring agrees: trade supply, commerce, marketplace onboarding and digital fulfilment are all staffed and posting. Separately, with no announcement, information security opened eight seats opened in ten weeks and a director of AI governance seat was created.
Aligned on the professional-builder bet. Doing, not saying, on security and AI governance, where the money has moved and nothing has been announced.
| The professional builder and installed services | Two acquisitions, an EVP seat, trade digital hiring | Apr 2025 |
| A single cloud as the analytics platform | Target platform in open seats detected, legacy BI named as the from-state | 2026 |
| Identity and access security | 8 supporting documents in 10 weeks, two named programs | Jun 2026 |
| Retail media | Two VP-level seats filled in 12 months | Oct 2025 |
| An India engineering center | 197 primary documents, four VPs, a VP of Technology hired Sep 2025 | 2022 |
| The legacy BI estate | Three BI tools named as the from-state of a migration | Jun 2026 |
| The legacy data warehouse | Named beside the target in the same primary document | Jun 2026 |
| Performance-testing specialists | A specialist lapsed after thirteen placements | Jan 2025 |
| External security advisory | No successor advisory firm visible on the public record | Feb 2023 |
Building, and moving further that way. Every named program is internally held with open roles against it, and the disclosed supplier base is staffing rather than prime delivery. A buyer with 258 two-placement suppliers and no prime contract is purchasing labour capacity rather than delivered outcomes.
A single number for a wallet is a number somebody made up. The record carries the band, the benchmark that produced it, and the places that benchmark misapplies. On technology the two methods agree within 17 percent at their midpoints, which is inside tolerance, so no disagreement is flagged.
| Category | Annual estimate | Confidence | Basis |
|---|---|---|---|
| Total technology wallet | $863M to $2,589M | Medium | 1.0 to 3.0 percent of reported revenue |
| Technology, bottom-up cross-check | $647M to $1,778M | Low | 3,000 to 5,500 technology staff at a blended US and India loaded cost |
| Advertising and marketing | $1,035M to $1,381M | Low | 1.2 to 1.6 percent of revenue, big-box norm rather than the e-commerce band |
| HR function | $200M to $367M | Medium | $1,200 to $2,200 per employee |
| Finance function | $431M to $1,294M | Medium | 0.5 to 1.5 percent of revenue |
Modeled, and labeled as modeled every time it is shown. Top-down and bottom-up on technology agree within 17 percent at their midpoints. Where a benchmark misapplies (the e-commerce marketing band, the office facilities rate, the retail IT headcount ratio), the record says so instead of averaging it away. The acquisitions carry their own wallets and are not blended in.
The same record, on the company you name.
Suppliers, programs, seats, estate, teams and wallet, read before the call and shown on it.