Fears grow for the future of America's favorite home repair stores

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Fears grow for the future of America's favorite home repair stores

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Concerns about the future of two of America's favorite home improvement stores are growing. Home Depot sparked fears that it could face setbacks after it posted weakened earnings for the second quarter and issued a concerning warning about the economy. CFO Richard McPhail told analysts on an earnings call last week that consumers were spending less on big home projects due to a 'sense of greater uncertainty in the economy.
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