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Stock impact report

5 years after buying land in Westmoreland County, Menards has yet to develop the site [CBS News]

Home Depot, Inc. (The) (HD) 
Last home depot, inc. (the) earnings: 2/25 06:00 am Check Earnings Report
US:NYSE Investor Relations: ir.homedepot.com
Company Research Source: CBS News
The land is the former site of the Ramada hotel and Westmoreland Athletic Club in Hempfield Township. The corporation purchased the site for several million dollars in 2020 to build one of its massive home improvement stores. The question that many people in the area have is, why hasn't Menards built there yet? The short answer is no one really knows. But Douglas Weimer, the chairman of the Hempfield Township Board of Supervisors, says Menards still owns the site, which is good. "I am very happy that they continue to be interested in our neighborhood," Weimer said. "And they have not backed away from their desire to bring that store to our community, and the ball is in their court as to coming to us with that desire for a building permit. And you know, we are ready and excited to issue that to them once they bring forward their plans." Menards is a competitor with Lowe's and Home Depot, and is popular throughout the Midwest. Weimer says it would be a strong retail anchor in H Show less Read more
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