The Home Depot Unveils 2010 Growth Targets

January 20, 2006 - 12:43

The Home Depot unveiled its growth targets for 2010 at its annual meeting last week with the investment community. Over the next five years, the company expects to maintain and grow its leadership position in home improvement retail worldwide. At the same time, it expects to become the nation's largest diversified wholesale distributor, become number one in services and dramatically increase its direct-to-consumer channels, said The Home Depot.

The company said it expects to achieve this through targeted annual sales growth of 9-12 percent driven by 400-500 new store openings, adding 40-55 million new sq.ft., over the next five years and by significant growth in its services business and Home Depot Supply.

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