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SHOO's proactive production strategy mitigates tariff impact, potentially stabilizing costs.
What happened, with direct paths to the underlying reporting
SHOO is shifting production to avoid potential tariffs on imports from China. CEO highlighted percentage of business subject to tariffs, emphasizing production flexibility. Tariffs could lead to higher product prices impacting consumer spending power. Retailers might not absorb tariff costs, passing them to consumers instead. Corporates like Walmart expect price increases without sacrificing low-price models.
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