Home Depot (NYSE:HD) is downright frugal when it comes to store-expansion plans. The home improvement giant expects to open no new warehouses in 2016, even as smaller rival Lowe’s (NYSE:LOW) adds 45 shops to its base.
While happy with its retailing square footage in the U.S. right now, Home Depot is plowing money into other growth initiatives. In fact, the company plans to spend significantly more cash this year on a few key priorities that management sees as well-deserving of increased investment dollars.
