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Home Depot Navigates Shifting Consumer Sentiment as Stock Edges Higher
Home Depot Navigates Shifting Consumer Sentiment as Stock Edges Higher
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BTCCSquare news:
Home Depot's hardware aisles once buzzed with DIY ambition, but a subtle transformation is underway. The retailer's fractional stock gain masks deeper challenges as inflation-weary shoppers rethink discretionary spending.
July's earnings revealed the paradox of rising sales amid declining foot traffic—a telltale sign of price-driven growth rather than organic demand. Management's cost-cutting measures and supplier negotiations have only partially offset inevitable price hikes.
The Federal Reserve's modest rate cuts provided little relief for consumers who now scrutinize every purchase after grocery runs drain wallets. Home improvement projects increasingly wait for brighter economic days.
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