Frankfort Home Depot to close

Published:

Home Depot is closing 15 stores, including the company's only store in Frankfort.

The Atlanta company, which claims to be the world's largest home-improvement retailer, said Thursday that the 15 stores were not meeting sales goals.

About 1,300 employees will be affected by the closings, including 88 in Frankfort, a Home Depot spokesman said. The total includes the store manager and two assistant managers.

"Store managers and assistant store managers at these locations will be offered other store management positions within the organization," Home Depot said. "The company will work to place the rest of the associates in other comparable store positions where available."

As a result of the closings, Home Depot will record a charge of about $186 million, including inventory markdowns of $11 million and severance of $8 million.

The Frankfort store is at 1001 Vandalay Drive off Interstate 64 at the Frankfort-Lawrenceburg exit. Home Depot has 2,258 stores in the United States and plans to open 36 more this year.

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