JGalt
Diamond Member
- Mar 9, 2011
- 79,199
- 102,446
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The heck with Walmart for raising their prices and blaming it on the tariffs. Home Depot says it won't be doing the same because they've been diversifying their sources.
"Home Depot doesn't expect to raise prices because of tariffs, saying it has spent years diversifying the sources for the goods on its shelves.
Billy Bastek, executive vice president of merchandising, said during a conference call on Tuesday that Home Depot's suppliers have shifted sourcing across several countries and that the company doesn't expect any single country outside of the U.S. will represent more than 10% of its purchases 12 months from now.
“We don’t see broad based price increases for our customers at all going forward,” he said.
Other companies, domestic and foreign, have warned customers that price hikes are on the way due to a trade war kicked off by the U.S."
Home Depot says it doesn't expect to boost prices because of tariffs
Home Depot says it doesn't expect to boost prices because of tariffs
"Home Depot doesn't expect to raise prices because of tariffs, saying it has spent years diversifying the sources for the goods on its shelves.
Billy Bastek, executive vice president of merchandising, said during a conference call on Tuesday that Home Depot's suppliers have shifted sourcing across several countries and that the company doesn't expect any single country outside of the U.S. will represent more than 10% of its purchases 12 months from now.
“We don’t see broad based price increases for our customers at all going forward,” he said.
Other companies, domestic and foreign, have warned customers that price hikes are on the way due to a trade war kicked off by the U.S."
Home Depot says it doesn't expect to boost prices because of tariffs