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Apparel, Footwear Retailers Delay Orders, Freeze Hiring as Tariffs Hit

apparel,-footwear-retailers-delay-orders,-freeze-hiring-as-tariffs-hit
Retail

Apparel, Footwear Retailers Delay Orders, Freeze Hiring as Tariffs Hit

Clothing and accessories retailers across the United States are delaying orders and freezing hiring ahead of tariff hikes that take effect Wednesday on products imported from Vietnam and China, reports Reuters. These businesses, much like Nike and Lululemon, face an impossible choice: offset the cost of tariffs by raising prices by some 40 percent — […]