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Non-Tech : Home Depot (HD) -- Ignore unavailable to you. Want to Upgrade?

To: Xpiderman who wrote (340)	9/4/1998 1:26:00 PM
From: mauser96	Read Replies (1) \| Respond to of 1169

I wrote a letter to IR at Home Depot suggesting that their stores were so big that most people found it too time consuming to purchase a couple of simple items. I suggested a smaller "store within a store" for these common harware items. Well, the reply was that they are in the process of developing a convenience store to serve "the small project do-it-yourselfer homeowner and other customers who prefer a convenient location and smaller store environment". Apparently these will be free standing. When I ask people to guess Home Depot's market share, I usually get answers around 30% to 40%. Actually they only have 14% of the total $140 billion market, so there is plenty of room to grow. The smaller convenience store market is $50 billion, twice the entire annual sales of HD. There is one HD store for every 400,000 people in the U.S.