Flooring scandal rocks Home Depot
Atlanta, GA, August 1, 2007– Four merchandising managers at
Jerry Shields, a Home Depot spokesman, described the three men and the woman as lower-level managers.
He couldn’t say how long the employees had worked at Home Depot.
Home Depot, the world’s largest home improvement chain, said in a statement that it was cooperating with the authorities and that the case was being investigated. It was initially unclear whether charges had been or would be filed.
“It is important to note that this matter does not have a material impact on our consolidated financial position or results of operations,” Home Depot said. “Compliance with our ethical standards is of the utmost importance to
According to the Atlanta-based company, the company was alerted to the matter by an unidentified person and immediately began investigating the situation. Officials would not identify who the informant was.
Home Depot operates more than 2,000 stores in the