The Home Depot it closing 15 of its underperforming stores in the United States. The move will affect 1300 employees. The stores being closed represent less than 1% of the company’s existing stores. They will be closed within the next two months.
The stores to be closed consist of three in Wisconsin, two in Ohio, two in New Jersey, two in Indiana and one each in Kentucky, Louisiana, Minnesota, North Dakota, New York, and Vermont. A company spokesman said some of the employees will be relocated, while others could lose their jobs.
The company reiterated its intention to open 55 new retail stores in the 2009 fiscal year.