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Tag: tariffs

Retail Roundup—Whole Foods joins Prime Day; Tariffs hike consumer prices

Amazon to open second Go store in Seattle Amazon announced the location of its second Go store Seattle. The cashierless convenience store will also be in the city’s hometown, but the new location will be in the business district, on the corner of Fifth Avenue and Marion Street. (The Seattle Times) Tariffs against China to …

Retail Roundup—Whole Foods joins Prime Day; Tariffs hike consumer pricesRead More

Retail Roundup—Whole Foods joins Prime Day; Tariffs hike consumer prices

Amazon to open second Go store in Seattle Amazon announced the location of its second Go store Seattle. The cashierless convenience store will also be in the city’s hometown, but the new location will be in the business district, on the corner of Fifth Avenue and Marion Street. (The Seattle Times) Tariffs against China to …

Retail Roundup—Whole Foods joins Prime Day; Tariffs hike consumer pricesRead More

Best Buy CEO says lessons it learned from tariffs are helping as it adapts to coronavirus

A Best Buy salesman helps a customer (R) carry his new 50′ Samsung TV. Paul J. Richards | AFP | Getty Images Best Buy CEO Corie Barry said the company’s seen a dip in the available inventory for some items as the coronavirus disrupts its supply chain, but she said its merchants are well prepared …

Best Buy CEO says lessons it learned from tariffs are helping as it adapts to coronavirusRead More

I would have had to fire employees if Trump imposed tariffs

Basic Fun CEO Jay Foreman told CNBC on Friday that the company would have had to lay off employees in the new year if an initial trade deal with China didn’t work out. “It would have cost jobs, profit and cost a real, real upset of our business and many businesses in the toy industry,” …

I would have had to fire employees if Trump imposed tariffsRead More

Costco has a China problem — and it’s not tariffs

Costco has a problem in China, but it has nothing to do with tariffs, CNBC’s Jim Cramer said Friday.e problem is Shanghai, a city of nearly 25 million people, has only one Costco store, the “Mad Money” host said. Pair it with Costco’s ability to deftly handle tariffs in the U.S.-China trade war, and it …

Costco has a China problem — and it’s not tariffsRead More

French luxury stocks drop as Trump threatens heavy new tariffs

Matthew Lloyd | Getty Images Shares of French luxury goods makers, including LVMH and Hermes, dropped in European trading on Tuesday after President Donald Trump’s administration said it may place heavy tariffs on several goods. LVMH – which includes the brands Louis Vuitton and Hennessy – and Hermes each fell more than 2% following the announcement. …

French luxury stocks drop as Trump threatens heavy new tariffsRead More

Dollar Tree cuts forecast due to tariffs; Q3 earnings miss Street

Dollar Tree warned that its fourth-quarter earnings will take a hit due to the ongoing trade war between the U.S. and China. The discounter on Tuesday said that tariffs imposed on Chinese imports will add $19 million, or 6 cents per share, to its costs of goods for the fourth quarter of 2019. (Abercrombie & …

Dollar Tree cuts forecast due to tariffs; Q3 earnings miss StreetRead More

Global challenges weigh on Abercrombie’s Q3 results; tariffs to impact Q4 profit

Get great content like this right in your inbox. Subscribe Abercrombie & Fitch reported mixed results for its third quarter as a “complicated” global environment offset U.S. same-store gains in its namesake and Hollister brands. The apparel retailer’s net income totaled $6.523 million, or 10 cents a share, in the quarter ended Nov. 2, down …

Global challenges weigh on Abercrombie’s Q3 results; tariffs to impact Q4 profitRead More

Dollar Tree cuts forecast due to tariffs; Q3 earnings miss Street

Dollar Tree warned that its fourth-quarter earnings will take a hit due to the ongoing trade war between the U.S. and China. The discounter on Tuesday said that tariffs imposed on Chinese imports will add $19 million, or 6 cents per share, to its costs of goods for the fourth quarter of 2019. (Abercrombie & …

Dollar Tree cuts forecast due to tariffs; Q3 earnings miss StreetRead More

US tariffs on Chinese goods are pesky, but manageable

Ace Hardware CEO John Venhuizen told CNBC on Friday that the ongoing U.S.-China trade war is more of a nuisance than an overwhelming issue. “From our lens, in the short term, they are pesky, they are frustrating, but they are manageable,” Venhuizen said when speaking about tariffs on “Squawk on the Street.” Retailers have been …

US tariffs on Chinese goods are pesky, but manageableRead More