Sag Harbor

Home Depot seems to be turning focus away from their wholesale supply business in an effort to increase their retail sales. They say they may spinoff the supply business or possibly put it up for sale. Former Home Depot CEO Robert Nardelli doubled the size of his business last year after purchasing Hughes Supply just last year. Their new CEO, Frank Blake, obviously sees things a little differently

We are undertaking this action today because of our desire to increase our focus on our retail business,” Blake said in a statement. “With annual revenues of approximately $12 billion, HD Supply is a healthy, growing and vibrant business, and we are undertaking this evaluation to determine whether there are strategic alternatives with respect to HD Supply that would optimize shareholder value

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