Michael Bender, interim CEO of Kohl’s: “Consumers continue to be pressured and are being choiceful with their purchases … Lower to middle-income customers continue to prioritize value and are trading down into lower opening price point products.”
Todd Vasos, CEO of Dollar General: “Seeking value, we’re seeing that in all cohorts of customers, meaning our core customer, mid- and high-end customers, all of them.”
Ted Decker, CEO of Home Depot: “The No. 1 reason for deferring the large project is general economic uncertainty.”
Corie Barry, CEO of Best Buy: “We have seen both breadth and depth of promotions higher than last year and we assume that will continue. Customers continued to be resilient but deal-focused… In the current environment, customers continue to be thoughtful about big-ticket purchases and are willing to spend on high price point products when they need to or when there is technology innovation.”
Doug McMillon, CEO of Walmart: “As we replenish inventory at post-tariff price levels, we’ve continued to see our costs increase each week, which we expect will continue into the third and fourth quarters.”
