Home Depot Continues B2B Push as Consumer Spending Pulls Back

Is your refrigerator running?Rather than going to catch it, as the old prank phone call goes, Home Depot told investors during its first-quarter 2024 earnings call Tuesday (May 14) that many of today’s consumers are sitting out on major home projects as a result of high interest rates and macro pressures.“Goods are underperforming services,” Home Depot Chair, President and CEO Ted Decker told investors.That’s why the world’s largest home improvement retailer is determined to focus more on building its busin ...