Home Depot announces retail leadership realignment
13 Oct '06
2 min read
"The changes announced, along with our recent reinvestment in our retail operations, will help us meet the challenges posed by the uncertain economy over the next several months," said Bob Nardelli.
"In listening to feedback from front-line associates over the past few months, it is clear that a more direct and focused management of store operations and related functions will further empower our stores to better serve our customers and gain market share in a challenging business environment."
In August, The Home Depot announced an accelerated retail investment of $350 million in the back half of the year, which includes merchandising resets, the completion of self-checkout installation in all stores by year end, and additional investments in labor hours and store modernization.
In addition, the Company's board of directors also authorized in August an additional $3.5 billion to repurchase outstanding shares, bringing the total authorized share repurchase program to $17.5 billion.
marketing@alchempro.com
