AS the trade war weighs down on the retail industry, top corporations such as Walmart and Home Depot have taken vastly different approaches on pricing strategies.
At an earnings call on Tuesday morning, the top boss of Home Depot spoke out on the chain’s stance on price hikes to combat tariffs.
Home Depot is the top home improvement chain in the country, generating a whopping $153 billion in sales in 2023.
Although facing headwinds in the current economic climate, the company is confident in its ability to navigate macroeconomic pressures.
As inflation, high interest rates, and the trade war characterized by back-and-forth tariffs impact the retail sector, Home Depot is focused on mitigating these pressures through key strategies.
Top bosses at Home Depot outlined how, going forward, company efforts would help to protect its customers from the impacts of such pressures.
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