Home Depot reports tough Q4
Home Depot Inc.'s profit dropped 28% in its fiscal fourth quarter, ending Jan. 28. Home Depot's CEO credited the drop to a slowed housing market and "general economic conditions." HD Supply, the retailer's wholesale distribution arm that will possibly go up for sale, saw its total sales in the fourth quarter increase by 64.4% on account of recent acquisitions.
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This story published in NAW SmartBrief on 02/26/2007
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