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UPDATE ON HOME DEPOT PRICING AND QUANTITY POLICIES IN AREAS AFFECTED BY HURRICANE ANDREW

 UPDATE ON HOME DEPOT PRICING AND QUANTITY POLICIES
 IN AREAS AFFECTED BY HURRICANE ANDREW
 ATLANTA, Aug. 26 /PRNewswire/ -- Home Depot announced that through today, it has been able to maintain pre-hurricane lumber prices in South Florida and Louisiana despite nearly 40 percent increases in wholesale costs in this product category since just last week.
 However, the company also said that it is becoming more difficult to maintain this position in the face of such extreme customer demand.
 "Although we're losing money on lumber products in these markets, we feel that helping our customers in this time of extreme need is simply the right thing for us to do," said Bruce Berg, president of the company's Tampa-based Southeast Division. "However, we cannot afford to lose large amounts of money forever and we may have to rethink our policy. We will adjust prices only when absolutely necessary."
 In addition, because of "scalpers" attempting to purchase large quantities of lumber and other emergency supplies for re-sale to storm victims at exorbitant mark-ups, the company is now beginning to reserve the right to limit product quantities sold per customer.
 In terms of CDX plywood, a product that homeowners can use to board up windows and patch holes in roofs, Home Depot has imposed a temporary limit of 25 sheets of CDX plywood per customer in order to ensure that all product sales are for the purchasers' personal needs.
 For other products, such as canisters of propane cooking gas, plastic sheeting, batteries, flashlights and emergency electrical generators, the company has directed its store employees to use their best judgment to determine whether customers are purchasing the supplies for personal use.
 -0- 8/26/92
 /CONTACT: Lonnie Fogel, director of public relations for Home Depot, 404-431-2741, or, home, 404-875-7316/
 (HD) CO: The Home Depot, Inc. ST: Florida, Louisiana IN: REA SU:


BR-BN -- AT020 -- 3714 08/26/92 18:13 EDT
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Publication:PR Newswire
Date:Aug 26, 1992
Words:314
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