AUSTIN, Texas — AUSTIN — Home Depot Inc. opened its first store in South Dakota on Monday, the company announced.
The store at the corner of U.S. Highway 59 and Highway 18, near W. South Dakota State University, has a parking lot and is located near the state’s flagship college.
“The idea is to expand to a new state and to expand in a way that we feel will bring more customers and more growth,” said David Siegel, chief executive of Home Depot.
The store, which is about 10,000 square feet and has a floor area of about 1,200 square feet, will be the company’s first in the South Dakota market.
It is also the second Home Depot in the state.
Home Supply, which has stores in New Jersey and New York, is the country’s largest home goods retailer.
The company plans to open about a dozen additional stores across the country.
Home Depot expects to spend $7.6 billion on store expansion this year.
Its stock closed at $13.25 a share, up from $12.90 a share.