US Edition
As Tariffs Lead to Price Hikes, Thrifting Becomes an Option
- Major U.S. retailers including Lowe's, Target, and TJX reported earnings and sales data during early 2025 amid economic uncertainty and trade tensions.
- The tariffs imposed during the recent U.S.-China trade tensions have influenced retailers' pricing approaches and led some customers to curb their spending.
- Lowe's reported a modest decrease in first-quarter sales, totaling $20.9 billion compared to $21.4 billion in the same period last year, while Target lowered its full-year sales outlook for 2025, anticipating a small decline as customers reduce spending amid economic concerns.
- Marvin Ellison, Lowe’s CEO, said, "Although we're pleased with this reduced dependency, we're not satisfied and we're working to accelerate our diversification efforts," highlighting sourcing shifts; Target’s Brian Cornell stressed that "price is the very last resort" amid tariff impacts.
- These developments suggest retailers face ongoing challenges from tariffs and consumer caution, with some like TJX maintaining growth forecasts while overall spending patterns may heighten U.S. economic contraction risks.
28 Articles
28 Articles
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Should you buy before tariffs hit?
To panic purchase or not to panic purchase? That is the question, as uncertainty over President Trump's tariffs — and the future prices of consumer goods, from electronics to appliances to clothing — persists.Since the situation on tariffs, including when they apply and how much they run, is seemingly evolving by the day, it can understandably feel difficult to know exactly what effects these taxes on foreign goods may have. However, "one thing …
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A new survey by the University of Michigan finds confidence in the U.S. economy is steadily eroding.Researchers say the widely-watched Consumer Sentiment Index has shown a sharp decline throughout this year.The director of the survey, Joanne Hsu, told WDET those responding have a somber view of the nation’s financial future.Listen: Consumer Sentiment Index highlights widespread anxiety amid economic uncertainty https://wdet.org/wp-content/upload…
Associated Press News
Tariffs, inflation and leery customers are hitting retailers in different ways
Retailers are trying to navigate their way through economic uncertainty in 2025. Tariffs, inflation and lingering fears of a recession have left many Americans uneasy and pulling back on spending.
Ayush Babel, Director of Quantitative Research at WisdomTree, explains that CoCos remain attractive in a high-tariff environment In the current uncertain economic landscape, where tariff concerns dominate headlines and market volatility has skyrocketed again, investors are rightly looking for resilient investment opportunities. Contingent convertible bonds (CoCos) of Additional Level 1 (AT1) in the banking sector present a case to be taken into …
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