NEW YORK (CNNMoney.com) - Home Depot, the No. 1 home improvement retailer, announced Monday that it is shutting down its high-end decor EXPO business and shrinking its support staff, with both moves resulting in a reduction of 7, 000 jobs.
Atlanta-based Home Depot (HD, Fortune 500) said the staff cuts impact 2% of its total workforce. The company said the the latest job cuts will not affect any customer service positions in its Home Depot stores.
"Exiting our EXPO business is a difficult decision, particularly given the hard work and dedication of our associates in that business and the support of our loyal customers, " Home Depot CEO Frank Blake said in a statement. "At the same time, it is a necessary decision that will strengthen our core Home Depot business."
The company said in a statement that its EXPO business has not performed well financially and is not expected to anytime soon.
"Even during the recent housing boom, it was not a strong business. It has weakened significantly as the demand for big ticket design and decor projects has declined in the current economic environment. Continuing this business would divert focus and resources from the company's core [Home Depot] stores, " the statement said.
Over the next two months, the closure of 34 EXPO Design Center stores, five YardBIRDS stores, two Design Center stores and a bath remodeling business known as HD Bath will impact 5, 000 jobs, the company said.
Additionally, the retailer said it will reduce support staff, impacting about 2, 000 employees and resulting in a 10% reduction in the company's officer ranks.
"A leaner organization has to start at the top, " Blake said in a conference call with analysts to discuss Monday's announcement.
There are many options
Check out Moen, Kohler, Price Pfister, Grohe...the list is long. There are many manufacturers who make long neck tub spout/valve ensembles. Some of them have hand held units that can be integrated as well.
Mine is a Grohe. It was expensive as hell but worth it.
I have installed many other brands. If you're anywhere near a Home Depot Expo store they have all kinds of stuff on display.