Home Depot to keep prices steady
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6hon MSN
America’s highest-profile retail chains are walking a difficult tightrope — trying to blunt the financial hit from tariffs by raising prices for consumers without angering them or President Donald Trump.
Home Depot's executive vice president of merchandising told analysts that the company intends "to maintain pricing across our portfolio."
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.
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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.
A Home Depot shopper raised alarms in early May over the retailer’s rising prices. He says he caught employees raising the prices on DeWalt tools, a move he says is a result of the tariffs.
Home Depot highlighted its supply chain diversification strategy during its earnings call, estimating "limited" tariff impact on the company.
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.
Its forecast is based on the continuation of a U.S. agreement to temporarily lower tariffs ... the impact of depreciation from acquired intangible assets. Spring is Home Depot’s peak sales ...
Trump’s tariffs and the global trade war continue to affect markets. Follow along for live updates on the Dow, S&P 500 and Nasdaq.
Home improvement retailer Lowe’s posted a smaller-than-expected drop in first-quarter sales on Wednesday and said it plans to keep its pricing competitive, without ruling out the