LOS ANGELES -- The Home Depot announced Monday it plans to lay off about 7,000 employees, or about 2 percent of its workforce, and shutter its Expo design centers, including six stores in the Southland.
The local Expo stores slated to close are located in: Westwood Village, 10861 Weyburn Ave.; Monrovia, 407 W. Huntington Drive; Redondo Beach, 1519 Hawthorne Blvd.; Huntington Beach, 6912 Edinger Ave.; Anaheim, 1011 N. Tustin Ave.; and Laguna Niguel, 25600 Rancho Niguel Road.
Over the next two months, the home improvement retail giant plans to shutter 34 Expo centers, five YardBirds stores, two Design Center stores and its bath remodeling business known as HD Bath.
According to The Home Depot, its Expo business has not performed well financially as the demand for big-ticket design and decor projects has declined amid the downturn in the economy.
The Atlanta-based company also announced that it is initiating a salary freeze for all of its executives.