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| Tue Oct 7 2008 5:59 AM | |
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Frankfort Home Depot to close
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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4 Total Comments
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Posted by desireeflo May 13, 2008
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I agree Creeker - they should have put Office Depot on the east side of town. That's like putting Target right next to Wal-Mart. Not the smartest thing to have done.
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Posted by WhaTaShame May 4, 2008
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sAD
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Posted by olive May 2, 2008
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I totally agree. The powers that brought Home Depot to Frankfort really messed this one up. I said from the beginning it would have done much better on the East side of town. Home Depot always had people there to help you find something or assist in anything, Lowes you always have to hunt someone down. Lowes started to get better at that, but now that the competition is leaving, it will probably revert back to hunting someone down again for help.
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Posted by Creeker May 2, 2008
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Let's hope they site their 36 new stores in a better location than the one in Frankfort. Hmmm, let's put it way off the road at the worst intersection in town and right across from the much more accessible and well established Lowe's. Brilliant! If it were on the East side, I think it would be doing well. I live in eastern Franklin County, and it's a pain to get to either place. Lyons Hardware gets my business as much as possible.
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