- The coronavirus pandemic isn’t killing cities, according to Home Depot CEO Craig Menear.
- Much has been made about the coronavirus pandemic sending millennials packing for the suburbs.
- Speaking at a Goldman Sachs conference on Thursday, the home improvement executive said that millennials were always set to relocate to more spacious, affordable locations.
- Menear stressed that generalized and incorrect assumptions have long been made about millennial migration.
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Reports of the COVID-19-related death of the American city are greatly exaggerated, according to Home Depot CEO Craig Menear.
As the pandemic continues to hamper city life, many reports and op-eds have highlighted the migration of young professionals out of urban areas. But speaking on Thursday at Goldman Sachs’ annual Global Retailing Virtual Conference, Menear said a good portion of millennials were always going to drift to the suburbs, coronavirus pandemic or no coronavirus pandemic.