US EditionMacy’s cuts orders, takes markdowns amid 145% China tariffs
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Macy’s cuts orders, takes markdowns amid 145% China tariffs
Fast Facts Macy’s Inc. is facing Q2 impact from China goods bought at the 145% tariff rate For the full year, the company expects gross margin to take a 20-40 basis point hit from tariffs Macy’s has canceled and delayed orders, but is selectively absorbing some higher costs Price increases will be broad-based, although Macy’s will hold price in some cases New York – Macy’s Inc. is expecting its annual gross margin to take a 20-40 basis point …
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