The 2020 Mid-Year Economic Update_long

HD Supply Downsizes Plans in South Carolina

HD Supply, The Home Depot's wholesale division, is cutting back on plans to grow in Charleston, SC. HD Supply's lumber and building materials unit announced this week it will open a warehouse for contractors in North Charleston, according to the Charleston Post and Courier.
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The project replaces a larger one the company was planning. The location will be in an existing 65,000-square-foot building on five acres near Interstate 26.
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The scrapped project was to include a new lumber distribution center and manufacturing plant on 51 acres off of U.S. Highway 78, the paper reported.

In February, Home Depot announced it was considering strategic alternatives for HD Supply, including a possible sale or IPO. Home Depot has also - like other building ...

HD Supply, The Home Depot’s wholesale division, is cutting back on plans to grow in Charleston, SC. HD Supply’s lumber and building materials unit announced this week it will open a warehouse for contractors in North Charleston, according to the Charleston Post and Courier.
&nbsp ;
The project replaces a larger one the company was planning. The location will be in an existing 65,000-square-foot building on five acres near Interstate 26.
&nbsp ;
The scrapped project was to include a new lumber distribution center and manufacturing plant on 51 acres off of U.S. Highway 78, the paper reported.

In February, Home Depot announced it was considering strategic alternatives for HD Supply, including a possible sale or IPO. Home Depot has also – like other building materials-centric distributors -&nbsp ; been hit by a slowdown in residential construction.

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