Home Depot Looks for B2B Buffer Against Softening Consumer Spend
HDHome Depot(HD) PYMNTS.com·2024-08-13 23:47

Home Depot currently gets around half of its sales from professional builders and contractors.According to the company’s executives on Tuesday’s (Aug. 13) second-quarter 2024 earnings call, the world’s largest home improvement retailer will need to continue to win over a greater share of this valuable B2B segment, because regulator customers are continuing to spend less on home improvement projects, pressured by higher interest rates and concerns that the economy is getting worse.“During the quarter, higher ...