Home Depot invested $1.8B in tech, and it's starting to pay off

Date Published: 
Wednesday, August 17, 2016

Home improvement retailer Home Depot recently announced record sales and earnings for the second quarter, driven in part by a massive technology investment. The news came Tuesday, as part of the company's earnings conference call, where it detailed its specific tech efforts.

Overall, Home Depot's sales were up 6.6%—reaching $26.5 billion in the second quarter. Of its $5 billion investment plan, store reinvestment was pegged at $2 billion, while technology and online investment came in a close second at $1.8 billion. There were also investments in new stores, international expansion, supply chain, and integration.

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