By  on October 8, 2019

President Trump’s escalating trade war is hitting retailers and clothing brands that dragged their feet in diversifying away from China or failed to properly manage inventory, experts said.

Simultaneously, Washington and Beijing’s tariff spat is boosting apparel and accessory prices, particularly in leather goods and handbags, where price tags are projected to increase by 5 to 10 percent during the holiday season. This will make the year’s top sales event even more challenging than in the past, also because it will be one week shorter in 2019, they added.

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