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Related: About this forumU.S. retailers' halting outlook reveals scale of tariff fear
Source: Reuters
BUSINESS NEWS JUNE 13, 2019 / 10:34 AM / UPDATED 10 HOURS AGO
U.S. retailers' halting outlook reveals scale of tariff fear
Aishwarya Venugopal, Nivedita Balu
5 MIN READ
(Reuters) - The first half of 2019 was expected to be a boon for U.S. retailers, buoyed by solid consumer sentiment at home and expansion in China - the market many of them have targeted for the future.
Instead, new tariffs President Donald Trump slapped on some Chinese imports last month and fears that more could come in the escalating trade conflict between Washington and Beijing, had many investors bailing from the sector.
The tensions have hovered as a potential risk for markets for more than two years. But what really unsettled investors in the latest round of earnings calls was retailers admitting that tariffs were starting to bite and how little they had to say on how they could soften the blow.
Best Buy Co Inc and Walmart warned higher duties would put pressure on prices for U.S. consumers, while Macys Inc and J.C. Penney Company Inc said their businesses would suffer if tariffs were extended to include apparel and footwear.
Kohls Corp said trade tensions were one of the reasons for a cut in its profit outlook and called the situation fluid.
-snip-
U.S. retailers' halting outlook reveals scale of tariff fear
Aishwarya Venugopal, Nivedita Balu
5 MIN READ
(Reuters) - The first half of 2019 was expected to be a boon for U.S. retailers, buoyed by solid consumer sentiment at home and expansion in China - the market many of them have targeted for the future.
Instead, new tariffs President Donald Trump slapped on some Chinese imports last month and fears that more could come in the escalating trade conflict between Washington and Beijing, had many investors bailing from the sector.
The tensions have hovered as a potential risk for markets for more than two years. But what really unsettled investors in the latest round of earnings calls was retailers admitting that tariffs were starting to bite and how little they had to say on how they could soften the blow.
Best Buy Co Inc and Walmart warned higher duties would put pressure on prices for U.S. consumers, while Macys Inc and J.C. Penney Company Inc said their businesses would suffer if tariffs were extended to include apparel and footwear.
Kohls Corp said trade tensions were one of the reasons for a cut in its profit outlook and called the situation fluid.
-snip-
Read more: https://www.reuters.com/article/us-usa-china-retailers-analysis/u-s-retailers-halting-outlook-reveals-scale-of-tariff-fear-idUSKCN1TE257
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U.S. retailers' halting outlook reveals scale of tariff fear (Original Post)
Eugene
Jun 2019
OP
Response to Eugene (Original post)
Chin music This message was self-deleted by its author.
Iliyah
(25,111 posts)2. Prices have already gone up here in Los Angeles . . .
and is steadily rising.
Response to Iliyah (Reply #2)
Chin music This message was self-deleted by its author.
Wellstone ruled
(34,661 posts)4. The Paper Product Isle
at your Wally World just got a price upgrade this week. BTW,most of the Raw Paper Stock needed for things like Tissue,Napkins,Roll Towels and Butt wipe comes from Canada. Most of the Cardboard Boxes are made from Canadian Roll Paper.
German Auto's and Trucks are the next Ponzi Cons target.