Headlines

JCPenney and Macy’s Denounce New Tariffs

Both companies warn of price hikes if proposed tariffs are put into place

Published

5 years ago

June 21, 2019

VMSD_Olivia

JCPenney (Plano, TX), Macy’s (Cincinnati) and other companies urged the U.S. Trade Representative to remove numerous apparel products from the product list assigned for new 25 percent tariffs, according to Retail Dive.

Both retailers, among numerous others, filed letters to the Trade Representative this week. JCPenney wrote in its letter that middle-class women would bear the brunt of these tariffs that would result in a spike in prices.

Macy’s and JCPenney also heeded that shifting supply chains away from foreign, particularly Chinese, manufacturers is exceedingly difficult.

MasterClass: ‘Re-Sparkling’ Retail: Using Store Design to Build Trust, Faith and Brand Loyalty

HOW CAN WE EMPOWER and inspire senior leaders to see design as an investment for future retail growth? This session, led by retail design expert Ian Johnston from Quinine Design, explores how physical stores remain unmatched in the ability to build trust, faith, and loyalty with your customers, ultimately driving shareholder value.

Presented by:
Ian Johnston
Founder and Creative Director, Quinine Design