by Karl Utermohlen | February 11, 2014 1:33 pm
The Home Depot (HD) is turning its focus to online sales, opening three warehouses in the U.S. to boost e-commerce.
The company just opened the first of those warehouses in Locust Grove, GA, a suburb of Atlanta. The Home Depot is looking to sell more products online by offering same-day shipping, allowing online consumers to have products delivered from stores and expanding mobile commerce.
The $300 million investment plan will go to the three new warehouses which will stock about 100,000 products each. In comparison, an average Home Depot store stocks about 35,000 items. The Locust Grove warehouse will be joined by California and Ohio warehouses that will open their doors out within the next two years.
HD stock is up 0.4% Tuesday.
Source URL: http://investorplace.com/2014/02/hd-home-depot/
Short URL: http://invstplc.com/1iLQKIv
Copyright ©2015 InvestorPlace Media, LLC. All rights reserved. 700 Indian Springs Drive, Lancaster, PA 17601.