Home Depot Won't Raise Prices Amid Tariffs
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Axios on MSNHome Depot earnings: Home improvement chain doesn't expect price hikes because of tariffsHome Depot doesn't plan to increase prices because of tariffs, officials said during the company's quarterly earnings Tuesday. CEO Ted Decker said Tuesday he anticipates that 12 months from now "no single country outside of the United States will represent more than 10% of our purchases.
Retailers are trying to navigate their way through economic uncertainty in 2025. Tariffs, inflation and lingering fears of a recession have left many Americans uneasy and pulling back on spending. Because consumer spending accounts for about 70% of U.S. economic activity, a retreat would heighten the odds of contraction for the U.S. economy.
Major chains are fighting two battles at once: a financial battle to keep costs low in the face of new tariffs, and a political one to avoid the president's wrath.
Tariffs are back in the spotlight, and Home Depot is preparing for real cost pressure. Management acknowledged that goods from countries subject to 10%–30% tariffs make up a material chunk of ...
Home Depot highlighted its supply chain diversification strategy during its earnings call, estimating "limited" tariff impact on the company.