Trump's tariff promises have import-heavy retailers facing 'new reality'

[Yo_Mama_Been_Loggin]

Just days after Donald Trump's election win, the president-elect's proposed tariffs are shaping the strategy conversation at retailers across the fashion, beauty, and footwear industries.

Companies from athletic apparel maker Under Armour (UA, UAA) to Ralph Lauren (RL), Steve Madden (SHOO), and Kate Spade and Coach parent Tapestry (TPR) reported earnings this week. And each faced questions from Wall Street analysts about how Trump's proposals — which include 10%-20% tariffs across the board and a 60% tariff on goods from China — could pose a challenge in the months and years ahead.

"Just under half of our current business would be potentially subject to tariffs on Chinese imports," Steve Madden CEO Edward Rosenfeld said in a call with investors Thursday.

Christopher Hufnagel, CEO at Saucony and Chaco shoe-maker Wolverine Worldwide (WWW), said Thursday: "I think us, along with just about everyone, is sort of digesting the news and the new reality and to contemplate what's going to be on the horizon."

https://finance.yahoo.com/news/trumps-tariff-promises-have-import-heavy-retailers-facing-new-reality-133545785.html

[al_liberal]

1. Poetic justice would be Hobby Lobby

Rolling over and floating to the top.

[kimbutgar]

2. And Marshall's, Ross and TJ Max are going to take a big hit and become unaffordable because they have to

Raise prices to maintain their high profit margins.

[bucolic_frolic]

3. It's gonna whack Nike

[roamer65]

4. I would cancel any bonuses and cost of living increases for employees, if I were a CEO.

Use the money to offset the tariffs.

The president of that small SW PA company took the right approach.

[FreeForm73]

5. In addition, IMO, wages will stagnate or fall

as retailers and manufacturers try to keep a lid on prices that are already un-affordable for many.
Not that they would care mind you, but a hell of an excuse (as always)