Home Depot's new manifesto. (ASA News).(financial goals, expansion plans)(Brief Article)(Statistical Data Included)
Supply House Times, March, 2002
On of the most compelling elements of Scott's report to ASA Board members concerned plans recently announced by Bob Nardelli, CEO and president of Home Depot. In a release issued late in 2001, the company announced that it expects to grow revenues between 15 and 18 percent annually from 2002 through 2004, keeping the company on track to double its size to $100 billion in revenues by 2005.
"In addition to expansion of the existing Home Depot, our company will reach for new relationships with homebuilders, commercial and industrial customers. We have the ability to leverage our operations by creating tremendous efficiencies, adding new technology and capabilities through acquisitions like Your `other' Warehouse," said Nardelli.
He also announced that in...
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