NYSE:GAPSpecialty Retail
What Gap (GAP)'s Tariff-Driven Cost Pressures Mean for Shareholders
In recent days, Gap and several other major apparel retailers warned that new U.S. tariffs on garment imports from Vietnam, Cambodia, and Bangladesh are set to increase their operating costs significantly, possibly by as much as US$250 million to US$300 million if the tariffs continue.
These higher costs could prompt Gap to consider raising prices for U.S. consumers, adding to worries about further inflationary pressures in the apparel sector as brands explore ways to offset tariff...