Bob Nardelli Tough Quotations

The tough economy has put tremendous pressure on fourth-quarter sales performance and increased competition for share of the consumers' wallets, ... While home improvement is a high priority for our customers, they are also facing immediate and dramatic pressures in a number of areas, including record cold weather and rising energy costs, investment losses, higher interest rates and increasing consumer debt levels.

The Home Depot is beginning to gain traction from the transformational initiatives launched last year, ... We introduced new products, increased the overall inventory levels in our stores, and introduced a cohesive, nationwide marketing program. Collectively, these initiatives helped us perform through a tough environment.