Home Depot, the nation’s largest home improvement retailer, said this week that sales declined for the third consecutive quarter to start 2024 as homeowners and prospective buyers wrestled with higher mortgage rates and inflation.
Walmart's strong 1st quarter driven by consumers seeking bargains with inflation still an issue
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Home Depot said that when taking the deal into account, it now believes its total addressable market is approximately $1 trillion, an increase of approximately $50 billion.
Home Depot will buy supplier to professional contractors in a deal valued at about $18.25B
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