According to the New York Post, Home Depot (HD) "executives set targets for store-level employees to boost the amount of money they collected from vendors to cover the cost of damaged or defective merchandise". One employee pointed out that a single store with $40 million in annual sales was taking $100,000 a month in return-to-vendor credits.
Spread across a number of stores that could account for a lot of sales…
and a lot of trouble for Home Depot management.
Douglas A. McIntyre can be reached at [email protected]. He does not own securities in companies that he writes about.
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