Hey... I remember lotsa stuff, too. I remember Carol ordering Home Depot to purchase land & build stores, increasing the company's land & building holdings from 400 properties, to 2,200!
Some of the properties were only in use for 6-11 months, then sold. Turns out Home Depot stores are built exactly like generic warehouses. It kind of looked from the outside, that Home Depot was really a commercial real estate developer. The Chinese hardware in the stores, was probably just to keep the properties occupied, until a good price for the property could be attained.
They even expanded the real estate operations (oops, I mean retail stores,) into China (didn't go so well,) and Mexico (100+ additional properties,) with plans for Central & South America.
Here's how things went when they tried to liquidate the Chinese holdings...
Read CFO Carol Tomé tells the inside story of Home Depot’s retreat from China by Maria Saporta for SaportaReport here.
saportareport.com
You might want to find out exactly how much property UPS bought, during the pandemic, while the numbers justified it...