By  on October 18, 2018

The apparel and footwear sector could see tariffs in 2019, predicted Cowen & Co. analyst John Kernan.

Kernan made that disclosure Thursday at a Retail Marketing Society panel discussion on “The Long and Short of Retailing Today: Wall Street’s Perspective” at Arno’s Restaurant in Manhattan. Earlier in the day, the analyst issued a report that said the “fourth tranche of tariffs on imported goods — the remaining $267 billion from China, which would include apparel and footwear — is likely to be levied by President Trump” following the mid-term elections, with implementation in early 2019. According to Kernan’s report, “This will spark higher costs for consumers within apparel and footwear, supply chain chaos and EPS reductions to our vendors [in the analysts’ coverage universe] by varying degrees.”

To continue reading this article...

load comments
blog comments powered by Disqus