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Home Depot Girding for an Overhaul
Home Depot (HD Quote) appears poised to make the first big step away from the Bob Nardelli era.
The Atlanta-based home-improvement giant said Monday that it is considering the sale or spinoff of its wholesale distribution business. Such a move would let the company focus on its retail operations, which have floundered recently amid the housing downturn.
Unloading the supply business would be the first major operational change under new CEO Frank Blake, who stepped into the top spot in January following the departure of the much-criticized Nardelli. ...
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