Another "Green Shoot" of Economic Recovery
April 6 (Bloomberg) -- Home Depot, the largest U.S. home-improvement retailer, is adding store jobs for the first time in four years in anticipation of a rebound in sales.
HT: Paul Kedrosky
CARPE DIEM
Professor Mark J. Perry's Blog for Economics and Finance
Tuesday, April 06, 2010
HT: Paul Kedrosky
About Me
- Name: Mark J. Perry
- Location: Washington, D.C., United States
Dr. Mark J. Perry is a professor of economics and finance in the School of Management at the Flint campus of the University of Michigan. Perry holds two graduate degrees in economics (M.A. and Ph.D.) from George Mason University near Washington, D.C. In addition, he holds an MBA degree in finance from the Curtis L. Carlson School of Management at the University of Minnesota. In addition to a faculty appointment at the University of Michigan-Flint, Perry is also a visiting scholar at The American Enterprise Institute in Washington, D.C.
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7 Comments:
"Blake wouldn’t comment on Home Depot’s sales since Feb. 1."
How are the Intrade odds lookin'?
Should Have Spent the Money at HD
A top Republican resigned from his party's governing body on Tuesday, deepening a controversy around party chairman Michael Steele as Republicans try to focus on U.S. congressional elections in November.
Sean Mahoney, a member of the Republican National Committee from New Hampshire, quit in a letter to Steele, the latest fallout after revelations that a party organizer billed the RNC for $2,000 spent at a sex-themed club in Los Angeles.
Mahoney denounced the "out-of-touch, free-spending culture of Washington" that he said dominates Congress and said "the same mentality has seeped into our national party."
"Let me be clear so that there is no misunderstanding," Mahoney wrote. "I don't care if the $2,000 was spent in February at a strip club or a pizza parlor. This is a matter of principle. That $2,000 should have been used to promote our conservative ideals."
Well Homedepot should do well with all the drywall and other stuff they will sell to fix the chinese drywall problem. (Essentially you go back to the studs and start over)
Makes sense. Everywhere I go, I see a new library being built. : /
I went to a Lowe's today, here in Western Wasington, that had a large "Now Hiring" sign outside.
The Home Depot in Los Angeles on Figueroa is constantly hiring. You never see the same face twice--I am in the cabinet-furniture biz, and I own a building nearby in long-term renovations, so I have been going to this HD for 10 years, a lot.
I finally asked one intelligent and helpful clerk why they had 100 percent monthly turnover. He said, "People can't stand the pressure."
I thought it was some sort of training facility. I am also puzzled that the turnover is so complete--no old faces at all, except for one girl who has been there about two years. This is a huge store.
I recently killed off the landlines to my shop, and went to cell phone only, and that is a lot cheaper. Without a landline, HD said my HD credit card would need to re-authorized, and I would have to fax them business licenses and a letterhead.
I wonder about HD.
But if you ever need a $10-an-hour job, you can apply at HD, on Figueroa in Los Angeles. If you can wear an orange apron and fog a mirror, I think you will get hired. I might take weekend work there. You will get no benefits.
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