Tariffs' Impact: Apparel Prices Surge, Companies Pivot

New report reveals tariffs impact on consumers and businesses, particularly in apparel industry. Prices on hundreds of thousands of items tracking over six percent above pre-tariff expectations. Apparel companies passing increased costs onto consumers, with prices jumping zero point seven percent in September. Full impact of tariffs yet to be seen, with potential for further price hikes and targeted adjustments. DNN | The Daily News Now! The world’s first global local news network. Every city. Every story. AI powered. Hosted on Acast. See acast.com/privacy for more information.