Best Buy Says Tariffs May Lower Profits And Sales—Joining These Companies Warning Of Tariff Impacts
1. Best Buy lowered sales and earnings projections due to tariffs. 2. Retailers face competitive pressure and changing consumer spending behavior. 3. Tariffs are likely to increase retail prices and impact consumer goods. 4. Economic uncertainty is affecting guidance across various sectors. 5. Companies anticipate significant profit hits from ongoing tariff policies.