Home Depot focused on services, store modernization
June 23, 2004,
ATLANTA — The Home Depot will expand its services business to meet the demands of a growing baby-boomer demographic that has little interest in taking on labor-intensive projects, said Carol Tome, the company's executive vice president and chief financial officer, at the William Blair & Company's Growth Stock Conference today.
Noting that between now and 2010, the fastest growing segment of the population will be between the ages of 55 and 64, she said, "Fifty percent of those say, 'I don't want to do it, I want you to do it for me.' This plays very well into our services strategy."
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