Home Depot CEO thinks folks aren't buying enough of their stuff

[Yo_Mama_Been_Loggin]

Home Depot issues a warning about the economy

New York
CNN
—
Home Depot says consumers are feeling crummy about the economy, and they’re dishing out less on major home renovation projects.

The home improvement giant, a bellwether of consumer spending and the housing market, lowered its sales expectations for the year. It said customers were spending less on home improvement projects, pressured by higher interest rates and concerns that the economy is getting worse.

Home Depot’s business is closely tied to the housing market, and high interest rates are putting a brake on housing turnover and consumers financing larger projects.

“During the quarter, higher interest rates and greater macro-economic uncertainty pressured consumer demand more broadly, resulting in weaker spend across home improvement projects,” Ted Decker, Home Depot’s CEO, said in a news release.

https://www.cnn.com/2024/08/13/investing/home-depot-earnings-housing/index.html

Isn't their CEO a RWNJ?

[Clouds Passing]

1. That's because Lowes prices are lower.

[Bev54]

27. Or because the founder is a Trump supporter and donor?

People turned away from them

[gopiscrap]

33. bingo

[edisdead]

34. Don't think he is involved anymore.

[no_hypocrisy]

2. Yes, he is.

Go to Lowe's instead.

[Traildogbob]

3. Yes

And the Depot CEO said he did not want liberals shopping there. And we’re Majority. So fuck him, and the MAGA’s are sending their cash to Trump, so home improvement has to wait.

[kwolf68]

12. Did he say that?

Home Depot is closer to me than Lowes, but if he said that Im out.

[Traildogbob]

18. He did. During trumps first appointment.

He is MEGA MAGA. And real proud if it.
Wish I could pinpoint the exact comment and where.
Since I saw it, I vowed NEVER another dime there.

[onenote]

28. The current CEO of Home Depot was hired in 2022.

So, maybe not?

[ZZenith]

29. I guarantee you the culture has not changed.

New boss = old boss.

[House of Roberts]

4. How is Lowe's doing then?

Maybe they are getting a larger market share with lower prices. We needed replacement pickets for my backyard fence and Lowe's had a sale on them that cut HD by 50 cents each. With my ex's pro discount of 5%, which HD doesn't give with their pro card, we got 8 cents more off them.

[spooky3]

5. One of their founders or former CEOs is a RWNJ, but

he's not the current CEO.

[Greybnk48]

6. We still have our plastic sheeting an duct from your 911 lies. We don't shop at Homie-D anymore.

We go to Lowes. A much nicer store all around.

[Rebl2]

7. Maybe if

CEO wasn’t a trumper the stores would do better.

[duncang]

8. I won't use Home Depot

Because of their founder. Just the same with I won’t go in a hobby lobby.

[walkingman]

9. Quit screwing everyone with your prices and you will sell a lot.

Home Depot's CEO is Ted Decker, appointed in Oct 2020, has a tenure of 3.83 years. total yearly compensation is $14.42M, comprised of 9.7% salary and 90.3% bonuses, including company stock and options.

[kwolf68]

13. How will poor boy ever survive

[MerryBlooms]

10. Haven't shopped at that shit store since my youngest son worked

There during the covid shitshow. They were all in on trump policy. My son was wearing mask, and bullied by shoppers and employees. Home depot was shit, as far as enforcing mask requirements. My son quit, because mask mandate wasn't enforced. This was in Idaho. Ugh. Home depot is off my shopping list, and has been for fn years! Rw nutters. No, thanks!

[Stinky The Clown]

11. We just renovated a bathroom. Not a penny's worth of HD's crap products.

And we did NOT spend more elsewhere. The big numbers were the soaking tub, vanity, faucets and drains - Amazon. Tile - local tile store. Labor - my longtime handyman/contractor.

[LiberalFighter]

14. There are better stores

[helpisontheway]

15. We prefer Lowes for lower prices. Plus Lowes does not make it difficult to use our military discount. Nt

[Kaleva]

24. I can use my military discount at Lowe's for online purchases

[helpisontheway]

37. I know! Lowe's military discount is great! nt

[Kaleva]

40. Lowe's is my go to place. Plus I get free delivery!

Ordered all my materials to build a 12x6 chicken coop from Lowe's and they delivered it.

[helpisontheway]

42. Oh wow! Did not know that they offered free delivery. Nt

[Kaleva]

44. You need to be signed up for the pro account

[phylny]

16. In addition to the fact that they're terrible

establishment, don’t forget that many people did renovations during Covid because there was not much else we could do at the time.

[Danmel]

17. We call Lowe's blue home depot

Both for it's signs and it's non Maga ceo.

[NBachers]

19. There are local independent hardware stores and lumber yards. I work in one.

A guy came in today after buying a specialty free-standing tub at Home Despot. He had questions about the tub's drain. I searched HD's website, but there were no specs or information. No installation instructions. I tried to find the manufacturer's website- There was no website available for the manufacturer either. No place to call for customer service.

As I'm spending time to be this guy's secretary, he keeps firing questions at me about the tub's plumbing setup. I told him, "I don't know. I don't work at Home Depot." No information was available about the drain or the installation, except for one phrase about a "flexible plastic hose" He said it didn't come with any useable installation instructions. I had to tell the guy: "Go back to Home Depot and ask them." Good luck with that.

It's surprising how many people buy things at Home Despot and then come to us for help with installation. I'll help them if I can, but I'm not Home Depot's customer service rep.

[OAITW r.2.0]

30. I shop local for 90% of my hardware needs.

They helped me, big time, when I built my home 25 years ago....I will always support them.

[C_U_L8R]

20. These big stores are full of crap

I hardly ever go but when I do, I'm amazed at how bad so many of the products are. And I end up buying nothing. Maybe the Home Depot CEO should work on his enshittification problem rather than blaming consumers and the economy.

[canuckledragger]

22. RWNJ's like the founder/owner never take responsiblity for anything though.

They just blame scapegoats. Always.

[TommyT139]

21. Even their bags are orange. nt

[spooky3]

23. Home Depot gets an F from Democracy Scorecard

https://www.americandemocracyscorecard.org/home-depot/

[sanevoiceus]

25. Same here. Unless an item is not available in Lowe's

Same here. Unless an item is not available in Lowe's, I don't buy anything in Home Depot.

[Mosby]

26. I avoid them and Lowe's

And use local Ace stores.

[RockRaven]

31. If macroeconomic factors are affecting sales, have they tried making their

stores non-shitty to improve their share of what home improvement money does get spent?

Because all HDs near me, and most of the HDs I've ever set foot in, are disorganized dumps and terrible shopping/buying experiences.

[KentuckyWoman]

32. Local hardware store.

The one near our house in Kentucky delivered everything we needed to expand the patio and add a roof with electric. They also sold everything for the kitchen. I could even buy one single bolt the right size and the man even looked at my drill bit case to make sure I had to I needed to get it tight.

We have an Ace here in Ohio. They are similar. Fix mowers. Deliver mulch. If you need building materials they refer you to a family owned lumber yard about 10 miles away.

[lastlib]

35. I stopped there today for a couple of items because Lowe's was too far away....

...When I went to check out, the line at the manned cashier station was a mile long, and I refuse to use self-checkout since they put robots above humans. Since the line was so long, I just parked my cart in an aisle and left. They can either hire actual cashiers that can process me more quickly, or they can do without my business. I'll get the stuff I wanted later, maybe somewhere else.

And he complains that I'm not buying his stuff--go figure.

[Zoomie1986]

36. FA

FO

You're the one who pals around with traitors, so you can't complain when real Americans refuse to do business with you.

[dwayneb]

38. Home Depot at least here is my go to

Home Depot always has older folks working there that actually have valuable knowledge, I can find a retired plumber or electrician. Lowes is sterile there is never anyone in there to help me. Sure it looks a little nicer but it's useless when you need someone.

With that being said these stores are all varied, it depends on the location.

All of these stores are controlled at some level by filthy monied interests. This is life in Amerika. But remember, these are everyday ordinary people working there that are just trying to make a buck.

[yellowcanine]

39. As an unwilling shopper at Home Depot I have a suggestion: Hire some people who know what the fuck they are doing.

Train your people to keep the shelves stocked and orderly. Quit piling shit in the aisle so that a person cannot even get to the shelf where the item they are looking for MIGHT be if lucky. I got some more ideas but those are the highlights.

[lostnfound]

41. Lack of immigrants is also not helping

People in Florida and Texas struggle to find workers to repair roofs, install water heaters, put in new floors, complete remodeling jobs, or paint.

There’s a wait to get jobs done because of labor shortages, and there’s some jobs that no one is interested in at all — painting an old house, many contractors said no, they only do new houses now.

[Hotler]

43. I miss old school lumber yards and hardware stores....

Dems & Libs should start a boycott of Home Depot just to hear him whine. The repugs had a boycott of Bud Lite and it worked. Our boycotts can work also.