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Home Depot sets new $15 billion buyback, long-term sales target


(Reuters) - Home Depot Inc, the largest U.S. home improvement chain, on Wednesday announced a new $15 billion share buyback plan and set a target to grow annual sales to between $114.7 billion and $119.8 billion for the year ending January 2021.Home Depot said it will accelerate investments over the next three years in stores, employees and delivery, while increasing shareholders returns. The retailer, which is set to hold its investor day later on Wednesday, is riding a multi-year recovery in the U.S. housing market, and is also benefiting from the hurricanes that struck several U.S. states ...

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First Published: Wed, December 06 2017. 19:20 IST