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Las Vegas Business Press
Thursday, September 9, 2010
Home Depot gets back to business

By Ian Mylchreest
February 13, 2007

The retail business that is. The home improvement chain is looking at selling off its supply business aimed at professional contractors, reports the New York Times.

The move has been made possible with a private equity offer to buy the businesses. That would allow the company to get back to its core business and also put the mark of the new CEO Frank Blake on the new look Home Depot.

It would bring in a big capital infusion but also take away a real cash cow for the company. Still, the sale looks likely because the company has yet to fully integrate the two sides of its businesses and that would require some seriously heavy lifting.

Retail is where the money is to be made, so that will be the new strategy. Here’s some unsolicited advice. My best experience at Home Depot came when the person selling the product knew what they were talking about and made me confident I’d bought the right thing. That wasn’t the experience last weekend when all that spring lawn seed and fertilizer on the shelves looks like it’s been picked over by hungry bears and there’s little to guide the novice on what’s good for what. So we stick with what we got last year or the year before. Keep working on that customer service, Home Depot.





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