Thursday, May 1, 2008

Home Depot Retrenching

Ah, the blessed quarterly accounting system strikes again...

Home Depot Inc. said it halted plans to open about 50 U.S. stores, some that have been in the pipeline for more than 10 years, and will close 15 underperforming stores as it cuts capital spending to improve returns.

http://online.wsj.com/article/SB120964836680259293.html?mod=hps_us_whats_news