Feb. 26, 2008 - Home Depot Reports First Annual Sales Decline
Sales in 2007 were $77.3 billion from $77.3 billion in 2006. What’s more, the 2007 sales figures included a 53rd week. Excluding that week, sales would have declined by 3.5 percent. Same store sales fell almost 7 percent.
For 2008, the company is expecting a sales decline of 4-5 percent and plans to open fewer stores – 55 down from 100 last year.