Stacey Widlitz, SW Retail Advisors president, joins 'The Exchange' to discuss how tariffs will impact the retail sector.
Breakdown
- Many brands have already increased prices significantly, especially during the pandemic. 18s
- Major retailers are reducing promotions, helping to maintain stable gross margins. 1m 14s
- Some retailers, like Foot Locker, are using aggressive discounts, impacting direct-to-consumer brands. 1m 41s
- Discounting by wholesale partners can disrupt relationships and market pricing strategies. 2m 2s