>The Wall Street Journal reported this morning that the number is 137,
>including one in Santiago Chile. As of Feb. 1 they had 624 stores.
indeed, you, DRL, and the wsj are correct, as confirmed in the 10-k released on apr 23. in addition:
"Home Depot expects to continue to increase its store count in both existing and selected new markets on a basis consistent with its current policy of not exceeding a maximum growth rate of new stores of approximately 22 percent per year. During fiscal 1997, the Company opened 112 new stores and relocated 5 existing Home Depot stores. During fiscal 1998, the Company anticipates opening approximately 137 new stores."
for fy98, this includes the new expo design center in davie, fl, with plans to unveil another one in south florida. "Unlike traditional Home Depot stores, EXPO Design Centers do not sell building materials and lumber, but focus instead on upscale interior design products and installation services."
in regard to international ops, "Chile was chosen primarily because of its stable economy and government, growing middle class population and developed D-I-Y market. To facilitate entry into the market, the Company signed a joint venture agreement with S.A.C.I. Falabella, a leading department store retailer in Chile. The Company's controlling share of the venture is 66.67 percent. The Company believes its alliance with Falabella enhances the Company's presence in the Chilean market by offering attractive real estate opportunities and providing assistance with, among other things, systems, credit marketing and distribution logistics. The Company has offices in Santiago, Chile from which the day-to-day management of the operation is handled by a key management team comprised of both Chilean nationals and seasoned Home Depot managers." [viva goombah capitalism!]
two are also planned in san juan, puerto rico later this year.
hope this helps to clarify,
-chris. |
