Some Retailers Will Need to Eat Cost of Tariffs, Says Cicarelli
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Scot Ciccarelli, Truist Equity Research managing director, says some retailers will have to eat the cost of higher tariffs and try to keep prices low. Several retailers, including Lowe's Cos Inc., TJX Companies Inc., and Ralph Lauren, are expected to post weaker earnings due to tariff-fueled economic anxiety and consumer pullback. He speaks on "Bloomberg Surveillance."
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