The world's largest home improvement retailer has hired financial adviser Lehman Brothers to review 'strategic alternatives' for its supply unit, which had revenue of US$12 billion (£6.1 billion) last year.
Home Depot said in a statement that the possibilities include a 'sale, spin or initial public offering of the business'.
Home Depot chairman and chief executive officer Frank Blake, who took charge of the business after Bob Nardelli's departure last month, said: 'Today's announcement is a continuation of the strategic review we did in November. We are undertaking this action today because of our desire to increase focus on our retail business. HD Supply is a healthy, growing and vibrant business, and we are undertaking this evaluation to determine whether there are strategic alternatives that would optimize shareholder value.'
HD Supply is the wholesale distribution business of Home Depot and has nearly 1,000 locations in the US and Canada, and employs more than 26,000 staff.
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