What Happened To Home Depot Fuel?
Six years ago Home Depot waded into the c-store business, which was a big worry for c-store operators who saw Home Depot's new concept potentially devouring traditional filling station store business. The idea was 300 Home Depot Fuel convenience stores by 2010, with an expected $5 million to $7 million annually in revenue per site. But The Home Depot Inc. operates just six Home Depot Fuel convenience and fuel stores. All the Home Depot Fuel sites, which are in Tennessee and Georgia, are in Home Depot parking lots. Said Stephen Holmes, the chain's spokesperson, "Although we're pleased with the way the Fuel stores have performed, we don't have any plans to expand them because we're focused on our core retail business," Holmes explained.