Reported 1 day ago
Mickey Drexler, the former CEO of Gap Inc., expressed significant concern regarding the current tariff landscape, stating that retailers are 'scared to hell' as they navigate uncertainty daily. He emphasized the challenges of planning business operations amidst fluctuating costs and supply chain issues, particularly in the apparel industry. Drexler highlighted the urgency for businesses to adapt, with many, including his company Alex Mill, scrambling to change their sourcing strategies as tariffs continue to impact pricing and operations.
Source: YAHOO