Consumers 'won't accept it' — ex-retailer says stores can forget price hikes to offset tariffs [CNBC]
Comcast Corporation - Class A (CMCSA)
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Source: CNBC
Consumers 'won't accept it' — ex-retailer says stores can forget price hikes to offset tariffs ers looking to offset added costs stemming from the U.S.-China trade war by hiking prices should rethink their strategies, retail consultant and former department store executive Jan Kniffen said Friday. "It won't get passed through, because the consumer won't accept it," the J. Rogers Kniffen Worldwide s CEO told CNBC's " Squawk Box On Friday morning, the government said U.S. retail sales increased in May Last month, President largely affecting Case in point, on Thursday, Restoration Hardware parent RH increasing prices Trump has been threatening to place additional tariffs on another $300 billion worth of Chinese goods, essentially the rest of China's imports into the U.S., a move that would then hit the apparel stores. "If you raised it high enough, you would finally start seeing some consumer impacts. And maybe 25% on everything is high enough," said Kniffen. Meanwhile, major U.S. retai
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- 4/25/24 - Beat
CMCSA
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- 4/25/24 - Form 8-K
- 4/17/24 - Form 4
- 4/17/24 - Form 3
- CMCSA's page on the SEC website