Home Depot to Refocus on Retail
Home Depot CEO Frank Blake reinforced his drive to refocus on the business' retail division at the company's annual investor and analyst conference at the end of February.
To that end, Blake told participants that acquisitions outside of the retail core won't be a priority for us. HD Supply acquisitions have slowed and will continue to, with the exception of White Cap's recent purchase of concrete distributor GSI General Materials.
Soon after the annual meeting - at which HD executives only briefly touched on the possible sale of HD Supply, and then only in response to a question - reports started to emerge on private equity firms' interest. Many analysts and industry-watchers expect the supply division to be sold, despite Blake's insistence that a decision has not ...