Home Depot will start cutting prices this week on as many as 1,200 items -- from trash bags to toilets -- as it kicks off its latest effort to boost sales in a down economy, the Associated Press reported.
Prices will be cut from 5 percent to 50 percent on about one out of every 25 items in the store. Home Depot didn’t reveal what the average reduction will be, but said the discounts will start showing up in stores this week and will last at least through the next quarter.
“We’re trying to gain market share in the process,” said Craig Menear, Home Depot’s executive vp-merchandising. “Absolutely, we're trying to drive sales and productivity.”
The marked-down items include energy-saving devices, such as insulation and thermostats, and “project starters,” such as paint and toilets that are the building blocks for do-it-yourself tasks.