The Home Depot Inc. said Tuesday its fourth-quarter profit fell more than 27 percent and a dour housing market contributed to the first annual sales decline for the world’s largest home improvement store chain.
The Atlanta-based company said 2008 is expected to be worse in terms of sales and profits from continuing operations. It was a more gloomy outlook than the one given a day earlier by rival Lowe’s Cos., which sees improving sales on the horizon...
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