Word: depots
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...stores and how-to classes springing up across the country as people adapt to hard times. According to marketing company SevenOne Media, Germans spend $43.7 billion a year on home improvements, double the amount spent in Britain and France. The biggest beneficiary of this trend is OBI, the Home Depot of Europe, whose CEO, Sergio Giroldi, says the company sold $7.6 billion worth of tools, wood and home decorations last year. He expects 10% growth this year. That's a good sign, since Germans still have a lot of work to do if they want to turn their country around...
...service is bad, you'll have only yourself to blame. Self-service kiosks--those ATM-like machines that let you check in at the airport or check out at the grocery store all on your own--are sweeping into more retailers and service spots. Big-box stores like Home Depot and Wal-Mart are rolling them out, as are movie theaters, convenience stores, sports venues and even courthouses...
...HOME DEPOT, LOWE'S These home-improvement stocks are in lockstep 88% of the time and typically get back in synch within three weeks of diverging...
...investors still have their doubts. While Home Depot's stock has recovered 46% over the past 18 months, to about $35, it is nowhere near the $60 highs of 2000. Some analysts say fears that higher interest rates will deter home-improvement spending are hurting the stock. Nardelli doesn't think interest rates can derail Home Depot, nor is he looking for radical ideas. Wal-Mart made the risky move into selling groceries when it went through a period of sagging sales in the mid-1990s and built a wildly successful new business. Instead, Nardelli is stretching the company...
Homemaker in Chief Bob Nardelli lost out on GE's top job, but he's winning raves at Home Depot...