Home Depot: Home Depot sells $10,000 oven for $2,500
Home Depot says it has sold its first oven for a little over $2.5 million.
The oven, named the Cheddar, was unveiled by CEO Mike Schlosser at a press conference in Washington, D.C., on Thursday.
It has a range of six different sizes.
It comes with a 30-inch tall, 24-inch wide oven and a 10-inch diameter dish.
The Cheddar is a new model from Home Depot and will sell for $1,878, Schlossers statement said.
The company also said it will launch an “improved version” of its oven in 2019.
It will cost $1.8 million, Schlosseler said.
Home Depot has been on a roller coaster ride in recent years.
The company was sold to Walmart for $3.2 billion in 2019, and is now owned by private equity firm Kohlberg Kravis Roberts.
The move to acquire Home Depot has sparked outrage from customers who were worried about the company’s future.