Home Depot resumes store construction after a decade-and-a-half pause

Home Depot reportedly grew to about 2,300 stores between 1979 and 2006, then stopped building new locations in 2007. It reportedly resumed store construction about two years before the source discussion, although the exact number of new stores is not established.

During the pause, the company focused on e-commerce, fulfillment and specialized fulfillment centers, store efficiency, and supply-chain infrastructure. The strategy was described as relying on already-secured real estate while shifting investment toward online and operational capabilities.

Home Depot is also described as owning all or most of its stores. That can reduce lease-renewal and competitor-location risks, while its stores may anchor shopping centers and attract surrounding businesses. The company’s stated strategy is to offer a one-stop shop for home-improvement projects.