Reported about 18 hours ago
Costco's CFO, Gary Millerchip, cautioned that proposed tariffs from President-elect Trump could lead to widespread price increases for consumers, stating that 'tariffs raise costs' and warning that changes to import taxes could affect the entire retail industry. Despite beating earnings expectations, Millerchip indicated that using alternative sources and adjusting product offerings may be necessary to mitigate tariff impacts. Other retailers, including Dollar Tree and Walmart, echoed similar concerns about potential price hikes as consumers prepare for increased costs ahead of the holidays.
Source: YAHOO