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Home Depot Stock Dips Amid Tennessee Facility Closure Plans

Home Depot Stock Dips Amid Tennessee Facility Closure Plans

Author:

Global Cryptocurrency

Published:

2025-10-29 16:50:03

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BTCCSquare news:

Home Depot shares edged lower Wednesday after reports surfaced of another Middle Tennessee distribution center closure. The home improvement retailer's subsidiary HD Supply will shutter its La Vergne facility by January 2026, eliminating 108 jobs. This marks the latest in a series of operational consolidations for the company.

The decision reflects ongoing optimization of Home Depot's maintenance and repair distribution network. "We're consolidating our La Vergne operations into another nearby facility," an HD Supply representative stated. The MOVE comes amid broader challenges for retailers combating organized theft rings—a persistent issue for big-box stores.

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