Home Depot tries to revamp itself

Updated

Home Depot Inc. (HD), the world's largest home improvement chain, has not just been battered by the faltering economy. It's been mugged.

Shares of the Atlanta-based chain are down more than 32 percent over the past year as investors worried that consumers worried about losing their jobs would delay or scale back their home improvement projects. Considering that people's homes are usually their most valuable asset, that is a pretty scary idea. Nonetheless, investors took some solace from Home Depot's dismal results.

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