Lowe’s has diversified its supply chain since the initial tariffs imposed during the Trump administration, yet around 40% of its products are still imported. Executives noted that new tariffs could increase costs, but the company’s established supplier relationships may mitigate impacts. Despite a slight drop in Q3 net sales and ongoing challenges in the home improvement sector due to high interest rates, Lowe’s adjusted its full-year sales forecast upward. Recent hurricane-related projects helped partially offset a decline in DIY demand, demonstrating resilience amidst economic uncertainty.

Source: https://www.supplychaindive.com/news/lowes-prepping-trump-tariffs-added-costs/733371/