Home Depot Disaster
Home Depot has been a dominator in the retail industry with years averaging annual earnings gains ranging from 30% to 40%, with last years sales totaling $38.4 billion. However, this year the company reported revenues that seem to be in a down-spiraling situation. This month the “orange giant” is being faced with a serious drop in its earnings per share and many analysts are contributing this drop to the possibility that Home Depot may of hit the wall. With analysts banking on a 25% growth rate, Home Depot barely managed to achieve half of that; reporting only 13% in its fiscal third quarter earnings. There are many reasons for this outcome and there are ways that Home Depot plans on overcoming these “threats” that are reducing their earnings.“Whenever there has been this kind of slowdown, we’ve turned our back to our basic kind of nature, which is to be piranhas. We will be very aggressive in the marketplace to gain as much market share as we can”, says Mr. Arthur M. Blank, co-founder of Home Depot. In making this statement, Mr. Blank was probably referring to their immediate and emerging rival, Lowe. Lowe, the countries No.2
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Some common words found in the essay are:
Home Depot, Home Dept, Expo Centers, Toys K-Mart, home depot, Expo Center, Home Depot’s, Construction Company, Lowe Lowe, Depot Consumers, Lowe’s Lowe, market share, product line, village hardware, depot location, expo center, home depot’s, adding additional, home depot location, lack employee talent, line expansion, gain market, gain market share, home depot intends, market share home,
Approximate Word count = 1970
Approximate Pages = 8 (250 words per page double spaced)
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