Smart Cost-Cutting: How Home Depot Built It In

Like many companies, Home Depot (HD) has done its share of cost-cutting. The home-improvement retailer closed 15 underperforming stores in 2008, shuttered its EXPO home-design business earlier this year, and reduced corporate staff. With the housing crisis starting to take its toll on sales back in 2006, Home Depot has been waiting for growth to return for longer than most.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.