Home Depot Sells Landscape Supply Stores
Atlanta A Florida real estate development and acquisitions firm said Wednesday it has bought The Home Depot Inc.’s 11 Landscape Supply stores for $22 million.
Palm Beach Gardens, Fla.-based Ram Realty Services said in a statement that it is evaluating the portfolio to determine which of the sites will be sold and which will be redeveloped. The sale includes five stores in the Atlanta area and six in the Dallas area.
The sites range in size from 4.5 acres to 9 acres and contain a former Landscape Supply store building of about 12,000 sq. ft.
Home Depot said in September that it planned to close the Landscape Supply stores as part of its effort to focus more resources on its core retail business.
Home Depot’s first Landscape Supply store opened in 2002. The stores catered to professional landscapers, as well as the project-oriented do-it-yourselfer.
Report: Staples not buying Corporate Express
AMSTERDAM Corporate Express, according to reports, said Tuesday that it was not in discussions with Staples for a takeover.
Corporate Express is said to have denied a report in a Dutch paper that rumored the company was considering a deal with Staples.
De Telegraf, a Dutch newspaper, reported that Staples and Corporate Express were in talks, citing an unnamed Staples source.
Natural trends dominate NY Gift Show
NEW YORK The New York Gift Show concluded today at the Jacob Javitz Center, and while trends in the gift business can be somewhat trendier than some of those in housewares generally, as people will buy more stylishly for friends and relatives, the products presented did support the premise that natural is an important segment of the market.
In the tabletop and housewares section of the show, bamboo was big and appeared in everything from decorative accessories, to cutlery, to fabrics, to window shades.
Scent diffusers have almost overtaken candles in their frequency of presentation, but candles still have a significant presence, although shading toward soy and beeswax.
Cutlery stood out in the tabletop category, with colorful and highly decorated handles prominent, and strong design factors, including stylish curves for blades and grips, an evident trend.