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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: 1617
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 # 4.

#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  


#4. To: Brian S (#3)

Actually, this 'same crowd' doesn't see 90 - 120 day temp jobs for the Federal Government as 'a sign of recovery' Brian S.

As noted two months ago, we'll limp through this year...and thats whats happening. 2011 is when the hammer falls again, and because of the insane political propaganda, Owe-bama gets a 'double dip recession' which will be viewed as total FAILURE of his own economic policies.

The administration should have learned from the failed stimulus package and its 'sales pitch' of 'it will keep unemployment below 8 percent'.

But nope, they say whatever they think will win the 24 hour news cycle, and then whats worse, THEY BELIEVE IT.

Thats why he's going to be a failed one term President. The only peson happy about it, btw, is Jimmy Carter.

Badeye  posted on  2010-04-06   12:13:44 ET  Reply   Untrace   Trace   Private Reply  


Replies to Comment # 4.

#6. To: Boofer (#4)

Actually, this 'same crowd' doesn't see 90 - 120 day temp jobs for the Federal Government as 'a sign of recovery' Brian S.

Actually, only Boofers and Morons - a redundancy to be sure - believe that 40K is a bigger number than 123K...

war  posted on  2010-04-06 12:17:49 ET  Reply   Untrace   Trace   Private Reply  


#7. To: Boofer (#4)

The administration should have learned from the failed stimulus package

The stim stemmed the bleeding of jobs and stimulated inventory investment and home and car purchases...in other words, it did as advertised.

But only a Boofer would believe otherwise.

war  posted on  2010-04-06 12:19:22 ET  Reply   Untrace   Trace   Private Reply  


End Trace Mode for Comment # 4.

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