Retail’s latest tariff challenge? Setting prices.

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The story "Retail’s latest tariff challenge? Setting prices." was covered 18 hours ago by Retail Dive, a news publisher based in United States.

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Retail Dive 18h ago

Retail’s latest tariff challenge? Setting prices. - Retail Dive

Quick Summary:

New levies are shaping up to be a sort of holiday tax on consumers already touchy about spending, so careful analysis and clear communication are paramount.

Her store, Dutch & Bow, specializes in sustainably made clothing sourced from places including Vietnam, Europe, the U.S.and China.“If prices go way up, I may just not carry them anymore, and take that budget and put it towards something else,” she said by phone.“Because part of it is, people will pay a certain amount for certain things, but if it goes above a mental amount they won’t.

Another is hiking prices on goods with more price elasticity, while reserving promotions for those with less.“Maybe it's taking a promotion that was 25% off and now it's only 15% off,” Pavich said.“You're still writing a promotion, but maybe you're saving some margin there.