Comments on: Home Depot - All Sales Are Final http://fuzzmartin.com/2008/05/10/home-depot-all-sales-are-final/ Sat, 06 Sep 2008 00:44:15 +0000 http://wordpress.org/?v=2.6.1 By: Fuzz http://fuzzmartin.com/2008/05/10/home-depot-all-sales-are-final/#comment-23012 Fuzz Mon, 12 May 2008 16:28:53 +0000 http://fuzzmartin.com/?p=3081#comment-23012 The "housing crunch" isn't going to last forever, so I don't think that slow sales would be a terminal problem for them. These stores probably haven't even been around for three years yet - and they were built right at the start of the "crunch." I understand your point about shareholders, but I wonder what this will do to sales at surrounding HD stores with customers knowing that their local store could be next. I'm not saying that they have to stick around forever hoping to turn a profit, but five-to-seven years isn't too much to ask. Sometimes you have to think about both the shareholders AND the stakeholders. Now there will be big, ugly, new, orange buildings rotting in two prime locations. There aren't many companies that are going to be able to go into those buildings. Hopefully Beaver Dam and Fond du Lac have demolition clauses in their contracts with HD so that they have to tear down the locations if they can't be leased out. The “housing crunch” isn’t going to last forever, so I don’t think that slow sales would be a terminal problem for them. These stores probably haven’t even been around for three years yet - and they were built right at the start of the “crunch.” I understand your point about shareholders, but I wonder what this will do to sales at surrounding HD stores with customers knowing that their local store could be next.

I’m not saying that they have to stick around forever hoping to turn a profit, but five-to-seven years isn’t too much to ask. Sometimes you have to think about both the shareholders AND the stakeholders.

Now there will be big, ugly, new, orange buildings rotting in two prime locations. There aren’t many companies that are going to be able to go into those buildings. Hopefully Beaver Dam and Fond du Lac have demolition clauses in their contracts with HD so that they have to tear down the locations if they can’t be leased out.

]]> By: TomInGR http://fuzzmartin.com/2008/05/10/home-depot-all-sales-are-final/#comment-23010 TomInGR Mon, 12 May 2008 14:55:22 +0000 http://fuzzmartin.com/?p=3081#comment-23010 Problem is h-d can't make a profit at the stores they are closing. I don't have the answers, but, companies need to close stores from time to time. We just had to do it, first time in our history we have closed a store, but it had to be done. If the community can't support the store why should it remain open at a loss? They have to answer to their stock holders in the end so they need to keep the company profitable no? Problem is h-d can’t make a profit at the stores they are closing. I don’t have the answers, but, companies need to close stores from time to time. We just had to do it, first time in our history we have closed a store, but it had to be done.

If the community can’t support the store why should it remain open at a loss? They have to answer to their stock holders in the end so they need to keep the company profitable no?

]]> By: Fuzz http://fuzzmartin.com/2008/05/10/home-depot-all-sales-are-final/#comment-23002 Fuzz Mon, 12 May 2008 02:50:21 +0000 http://fuzzmartin.com/?p=3081#comment-23002 I guess I didn't realize that Wal*Mart closed that many stores? I guess I didn’t realize that Wal*Mart closed that many stores?

]]> By: claude http://fuzzmartin.com/2008/05/10/home-depot-all-sales-are-final/#comment-23000 claude Mon, 12 May 2008 01:25:02 +0000 http://fuzzmartin.com/?p=3081#comment-23000 Agreed on the ridiculousness of trying to return those tiles! And on your final comment about building/closing and re-building...sounds a little like a Wal-Mart diatribe. What are your feelings on Wal-Mart doing the same thing? Agreed on the ridiculousness of trying to return those tiles!

And on your final comment about building/closing and re-building…sounds a little like a Wal-Mart diatribe. What are your feelings on Wal-Mart doing the same thing?

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