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Tariffs could send apparel prices 10% to 20% higher: Former Gap and J Crew CEO
The holiday shopping season is upon US consumers. While many experts are forecasting a solid shopping season for retailers amid record high stock prices and ongoing job market gains, there are several wildcards. Consumers continue to battle inflation for food, causing pullbacks in demand for discretionary categories such apparel and home goods. Prices on apparel are still high, too. This as President-elect Trump eyes potential tariffs, which could negatively impact some of the world’s largest apparel purveyors. Yahoo Finance executive editor Brian Sozzi speaks with Alex Mill Chairman Mickey…
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