Home Depot may ditch wholesale arm
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ATLANTA -- The Home Depot Inc. , the world's largest home improvement chain, yesterday distanced itself further from the strategies advanced by former chief executive Bob Nardelli, saying it will consider shedding a unit serving contractors, builders, and other business customers.
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ATLANTA -- The Home Depot Inc., the world's largest home improvement store chain, said Monday it will consider shedding its division serving contractors, homebuilders and other business customers, distancing itself further from the strategies advanced by former Chief Executive Bob Nardelli. Its...
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Home Depot, the home-improvement retailer that has come under criticism for its executive compensation practices and a flagging stock price, faces a fight with an activist investor.
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Home Depot Inc.  has agreed to sell its supply division to three private equity firms, sources said on Tuesday, in a roughly $10 billion deal that unloads a business the home-improvement retailer's former chief executive worked to expand.
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ATLANTA -- Talks over restructuring a $10.3 billion deal to sell The Home Depot Inc.'s wholesale distribution business went down to the wire yesterday, the expected closing date for the agreement.
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Home Depot Inc  said it completed the  sale of its wholesale supply business, HD Supply, to buyout  firms on the same terms announced earlier this week.
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You gotta hand it to Home Depot (NYSE: HD). Big as the company is, it doesn&#39;t waste time in reacting when it sees either an opportunity or a threat to its business.
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Home Depot  is close to accepting about $1.2 billion less for the sale of its wholesale distribution business to three private equity firms, The Wall Street Journal reported on Thursday.
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Home Depot warns of falling profit, but company seems well-positioned to ride out the housing storm.
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Home Depot Inc  raised its fiscal-year earnings forecast slightly on Monday after the home-improvement retailer agreed to buy back 289.3 million shares of its common stock for $10.7 billion.
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Home Depot reached a tentative new agreement today to sell its wholesale unit to a consortium of private equity firms for a reduced price of $8.5 billion, according to people involved in the deal.
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- Home Depot Inc  said it completed the sale of its wholesale supply business, HD Supply, to buyout firms on the same terms announced earlier this week.
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Home Depot  is close to  accepting about $1.2 billion less for the sale of its wholesale  distribution business to three private equity firms, The Wall  Street Journal reported on Thursday.
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Retailer Home Depot Inc.  said on Wednesday it expected per-share profit to decline 4 percent to 9 percent this year as the weak U.S. housing market pressures sales and it boosts investment in stores.
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Home Depot has reached a deal with a consortium of private-equity firms headed by Carlyle Group to sell its supply arm, HD Supply, for $8.5 billion, down from its original price of $10.3 billion, according to sources close to the negotiations.
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Home improvement retailer Home Depot Inc  said on Thursday that it plans to close 11 Landscape Supply concept stores later this year, affecting 380 workers.
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Home Depot's plan to buy back $22.5 billion of its shares has given a much-needed lift to its underperforming stock, but the excitement could wear off quickly if history is a guide &#151; and if the retailer's promise to revitalize stores doesn't succeed in boosting sales.