Replies

1. 
   maddog3 | Jun 20, 2007 05:09pm | #1

   I don't think selling it off will improve the stores one damn bit, the help will be just as incompetent as before

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   , wer ist jetzt der Idiot ?

2. 
   davidmeiland | Jun 20, 2007 05:55pm | #2

   That might be good news--there's a WhiteCap not far from here and I've been thinking about doing some business there.

1. 
   peteshlagor | Jun 20, 2007 07:09pm | #3

   Wait awhile.  There's some retraining that will need to be done to get the place back to what it used to be.

    

3. 
   TJK | Jun 20, 2007 11:34pm | #4

   This is a complete reversal of what former CEO Nardelli was planning to do. Nardelli wanted to put more money and emphasis into wholesale versus retail. I guess the new guy doesn't want any of the old guy's projects or people hanging around. That and the fact our economy is sliding into recession...

4. 
   user-204835 | Jun 21, 2007 01:57am | #5

   Around here (MA) Home Depot is still on the "Store on every corner" scenario like Wal-Mart. Every time a Lowes opens up, a HD is built a stones throw away. Lowes also uses the same tactic, build within 5 miles or less of the nearest HD.

5. 
   renosteinke | Jun 21, 2007 05:11am | #6

   Don't mean to sound like a grump .... but why should I care? It's just corporate gossip. If I can't see the difference on the sales floor, it's not relevant to me.

   I get weary of all these 'big company does XYZ" threads. As well as the "So ans so owns such and such," etc.

   Even when the simple facts are true, you can infer nothing. Ford may have bought Jaguar ... but the steering wheel stayed right where it was.

1. 
   john7g | Jun 21, 2007 02:06pm | #7

   Home Depots primary goal is to impress Wall Street.  1st would be to get their sales numbers back up.  Customer satisfaction may be incidental to better sales but there are other ways to increase their profits and not give a damn about customer experience.  I'm not holding my breath. 

6. 
   MGMaxwell | Jun 21, 2007 10:06pm | #8

   I find it interesting that a new guy comes in and starts consolidating e.g. buys competitors and suppliers along the vertical chain of supply. This is supposed to be efficient with economies of scale and "a natural extension of our business model."

   Well, the analysts buy this line of bs and things look rosy until the whole thing goes in the crapper ( believe me, I'm old enough to have seen this happen a lot ) and the next guy comes in and divests/spins off all the parts of the business that aren't the core of the original business. "Getting back to our core/basic business model", and people think he's a genius for awhile.

   In the mean time the only people getting consistently rich off of this are the lawyers arranging the deals and the brokerage houses financing this mumbo-jumbo.

   I'm a pro-business, free market kinda guy, but these executives are over paid, giant ego dopes a lot of the time and their board of directors must be stupid a$$ kissers and yes men. I wish somebody in the inner circles of HD had the sack to say no to this stuff. Especially, since I bought HD at 60 + about 10 years ago.