Home Depot to Spend $1.3B on Technology, $700M on New Stores

The Home Depot plans to spend $1.3 billion on new technology and $700 million to build 36 new stores from 2013-2015, according to a report by Investors Daily. The report was based on remarks from Home Depot's Senior Vice President of Finance Ted Decker, made Tuesday at Jefferies Global Consumer Conference. Decker also said the company plans to build “new state-of-the-art distribution facilities” to leverage its stores.