Reported 12 days ago
In an interview with Yahoo Finance, Macy's Chairman and CEO Tony Spring discussed the uncertain effects of President-elect Donald Trump's proposed tariffs, which include significant increases on Chinese goods. He highlighted that while retail companies have already adjusted their sourcing in response to previous tariffs, it remains uncertain if additional tariff measures will lead to price increases for consumers. Spring expressed hope that Macy's could maintain current pricing but acknowledged the need for evaluation if the tariffs are substantial.
Source: YAHOO