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Title: Home Depot Is Adding Jobs for First Time in 4 Years
Source: Bloomberg
URL Source: http://www.bloomberg.com/apps/news?pid=20601108&sid=aN6774xtWuyA
Published: Apr 6, 2010
Author: By Chris Burritt
Post Date: 2010-04-06 11:38:00 by Brian S
Keywords: None
Views: 1510
Comments: 12

By Chris Burritt

April 6 (Bloomberg) -- Home Depot Inc., the largest U.S. home-improvement retailer, is adding store jobs for the first time in four years in anticipation of a rebound in sales.

“We have already added to our payroll this year,” Chairman and Chief Executive Officer Frank Blake said in an interview yesterday in Atlanta, where Home Depot is based. “As you have positive transaction growth, you need more associates to handle that in the stores. We are going to lean into our skis a little bit.”

Home Depot made the decision to boost hiring late last year, Blake said. Sales advanced more than the company had anticipated in the fourth quarter, helped by demand for paint, flooring and plumbing items. Home Depot forecast in February that revenue would advance 2.5 percent this year, marking the first increase since 2006.

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Begin Trace Mode for Comment # 12.

#1. To: Brian S (#0) (Edited)

Don't they know that this is all "false positives"?

war  posted on  2010-04-06   11:38:20 ET  Reply   Untrace   Trace   Private Reply  


#3. To: war (#1)

Don't they know that this is all "false positives"?

Funny isn't it?

The same crowd that couldn't acknowledge the approaching recession back in 2006, were every selloff in the markets brought cries of "time to buy more...", are the same crowd that just can't acknowledge this pending economic recovery.

Brian S  posted on  2010-04-06   12:07:06 ET  Reply   Untrace   Trace   Private Reply  


#8. To: Brian S (#3) (Edited)

Funny isn't it?

The same crowd that couldn't acknowledge the approaching recession back in 2006, were every selloff in the markets brought cries of "time to buy more...", are the same crowd that just can't acknowledge this pending economic recovery.

The surest bet is a bet against their prophesies.

That Iam Still Right said that the thousands of vacant brand new houses some already boarded up that I saw on a 200 mile roadtrip were figments of my imagination. When I posted to him that my real estate agent stated that his average customer was an illegal with no line of credit, he LOLOL'd and again denied it.

mininggold  posted on  2010-04-06   14:10:25 ET  Reply   Untrace   Trace   Private Reply  


#9. To: mininggold, ImStillRight (#8)

The surest bet is a bet against their prophesies.

I wish ImStillRight was around so I would be able to read his advice and then do the opposite.

Fred Mertz  posted on  2010-04-06   14:17:42 ET  Reply   Untrace   Trace   Private Reply  


#11. To: Fred Mertz (#9)

I wish ImStillRight was around so I would be able to read his advice and then do the opposite.

I know you like Palo but her predictions had even a lower percentage of success.

mininggold  posted on  2010-04-06   14:26:29 ET  Reply   Untrace   Trace   Private Reply  


#12. To: mininggold (#11)

Just wait for 2012 and the end of the world.

Actually, I think she's reversed her thought on that and it will be a new beginning.

Fred Mertz  posted on  2010-04-06   14:27:41 ET  Reply   Untrace   Trace   Private Reply  


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