Yahoo Finance

Gap has no plans to raise prices to offset tariffs, CEO Richard Dickson said Thursday in an interview in conjunction with the retailer's quarterly earnings release. After accounting for the mitigation strategies, Gap expects $100 million to $150 million in tariff-related costs during the current fiscal year, which ends in January. The company has been moving production to countries with lower tariff rates, working with its suppliers to reduce costs and adjusting its inventory mix.