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While many retailers struggle, Home Depot is a rare exception—its shares have tripled over the past five years, gaining 30% annually. Unlike the rest of the market, the DYI retailer's stock has stayed remarkably consistent during this period: only twice has the stock suffered a pullback of at least 15%.
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Home Depot's also taken a different approach to growth. While others ventured overseas, Home Depot stayed domestic, keeping the retailer less susceptible to currency swings. In turn, its 2,237 locations—mostly US-based—have held steady since the recession, the Wall Street Journal reports.
According to the report, Home Depot plans to spend $5B over the next three years to upgrade its real estate, improve tech, pay dividends and buy back stock. [WSJ]
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