Home Depot doesn’t expect to raise prices because of tariffs, saying it has spent years diversifying the sources for the goods on its shelves.
Billy Bastek, executive vice president of merchandising at the Atlanta-based home improvement company, said during a conference call on Tuesday that Home Depot’s suppliers have shifted sourcing across several countries and that the company doesn’t expect any single country outside of the U.S. will represent more than 10% of its purchases 12 months from now.
“We don’t see broad based price increases for our customers at all going forward,” he said.
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