Dramatic illustration of capacity for growth within your existing retail stores.
It begs the question – what price to understand your customer fully?
To drive home the point, Blake said that in the third quarter Home Depot boosted revenue at existing U.S. locations by about $2 billion, which would take years to match in an overseas expansion. The company generates about 89 percent of its sales in the U.S.
“A wildly successful venture into a foreign country might yield $2 billion in sales after a decade of effort,” Blake said in December. “Opportunity and capital efficiencies strongly argue for intense focus here.”
Read full article at Bloomberg: Home Depot Profit Tops Estimates as Housing Spurs Sales