Feb. 28, 2007 - Home Depot Looks To The Trades To Beef Up Retail Stores
“We are first and foremost a retail business, and our 2007 plans reflect that,” said CEO Frank Blake.
The company cut experienced workers and hired unskilled employees under former CEO Robert Nardelli’s watch, for which the company was severely criticized. Now, Home Depot said it will spend $360 million this year to simplify its staffing model, hire skilled tradesmen, redesign its compensation and reward plans, and enhance in-store computers for customer assistance.