Home Depot CEO Craig Menear said in a recent interview with CNBC that Home Depot is aiming to minimize the impact potential tariffs could have on its prices by cutting costs along its supply chain.
“Some of it has to get passed through,” he said, adding it was too early to know exactly where the impact would land for the company.
“There’s always ways — when you look at the entire value chain between the supplier all the way through our operations — … to be able to offset these costs,” he said.
Menear stated Home Depot makes 70 percent of its goods domestically, and with good summer weather and 52 percent of the housing stock in the U.S. being 40 years or older, consumers are spending more on remodeling and home maintenance as the nation’s housing supply ages.
Home Depot has approximately 2,278 stores located throughout the United States, Canada and Mexico as of January 29, 2017, and sells building materials, home improvement products, and lawn and garden products.
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