Goldman Sachs analyst Brooke Roach warns that U.S. tariff hikes will significantly impact retail, with China's tariff rate soaring to 54% and key sourcing nations like Vietnam (46%) and Cambodia (49%) facing steep increases. Apparel and footwear tariffs will average 38%, forcing brands to adjust pricing and negotiate costs.
Curious about the market action on Thursday? Dive into the US markets to explore the gap up and gap down stocks in the S&P500 index during today's session.
Today, dubbed "Liberation Day" by President Donald Trump, marks the official rollout of his long-anticipated tariff policy, set to reshape U.S. trade with major partners like Canada, Mexico, and China. As the tariffs take effect, Wall Street is reacting with a mix of volatility and opportunity, with investors scrambling
Retailers are adapting their business models as technology changes how people shop. But many seem to be moving too slowly as their demand is lagging, causing the industry to underperform the market -
over the past six months, retail stocks have shed 13%. This drop was particularly discouraging since the S&P 500 stood firm.
China's shift to household consumption-driven growth has resulted in a surge in preowned and refurbished goods. PDD Holdings misses Q4 estimates, while Xiaomi posts record revenues and profits.
Tariffs are starting to become a material headwind to the overall corporate earnings picture, raising doubts about current market expectations for the coming periods.
The Trump Tariffs have gone into effect with 25% import tariffs on Canada and Mexico and another 10% on China. Here's what the CEOs of top retailers are saying.
Kohl's CEO joined other major retailers in painting a grim picture of the state of the American consumer. In fact, Kohl's said that it expects sales to decline by 5% to 7% in fiscal 2025, due in part to "constrained" shoppers.
