Home Depot Sales Drop, Signaling Consumer Slowdown

Home Depots Q3 sales growth stagnates, reflecting broader consumer spending slowdown; CEO attributes this to consumer uncertainty and housing market pressure. Other retailers also see shifts in consumer behavior, with higher-income individuals opting for cheaper options. The overall economic climate, marked by declining consumer confidence and rising job cuts, suggests a potentially challenging period for the consumer economy.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.