Macy's is bracing itself for a fresh wave of tariffs.
In a call with analysts on Wednesday, Macy's CEO Jeff Gennette addressed the ongoing US-China trade war, whichthis week, and whether it would have a meaningful impact on the department store's business. Gennette said that tariffs imposed on Chinese imports during 2018 did not have a meaningful impact on the company. However, new tariffs announced this month on $200 billion worth of Chinese imports likely would have an impact, specifically on Macy's furniture business.Gennette said Macy's is now bracing itself for another wave of proposed tariffs that would impact $300 billion worth of goods imported from China.
"It is hard to do the math to find the path that gets you to a place that doesn't have a customer impact," he said.
Does that mean their sales people get higher commissions?
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Symantec CEO to step down in abrupt departure as company warns on profitSymantec Corp's chief executive officer stepped down unexpectedly on Thursd... Is he about to throw up a white supremacy sign?
Source: Reuters - 🏆 2. / 97 Read more »
DoubleLine CEO Jeffrey Gundlach warns of recession driven by 'cocktail of economic risk'Doubleline CEO Jeffrey Gundlach warns investors that the U.S. is 'out of tools' to gin up the economy during the next recession. Fairy boy Jeffery. 😇🧚♂️ I’ll have an eco-risk with an alt coin chaser. Actually make that a double.
Source: CNBC - 🏆 12. / 72 Read more »
Microsoft CEO Satya Nadella shares the 3 essential traits that great leaders like Jeff Bezos, Bill Gates, and Mark Zuckerberg all have in commonMicrosoft CEO Satya Nadella shares the 3 essential traits that great leaders like Jeff Bezos, Bill Gates, and Mark Zuckerberg all have in common (via Inc) Inc Forgot one. Get lucky Inc Tech leaders aren’t such great people, don’t confer attributes of successful companies as personal virtues. Inc 4: white maleness
Source: BusinessInsider - 🏆 729. / 51 Read more »
Business Leaders to Talk Trade, Technology and the Environment at WSJ CEO Council in LondonU.S. and European policy makers and senior executives are set to gather in London on Tuesday for the annual European meeting of The Wall Street Journal’s CEO Council.
Source: WSJ - 🏆 98. / 63 Read more »
Jeff Bezos Unveils Blue Origin's Lunar Lander; Announces Launch Of Next-Gen Rocket In 2021Amazon founder Jeff Bezos confirmed that his space company, Blue Origin, will launch its next generation rocket, New Glenn, for the 1st time in 2021 by TheAlexKnapp TheAlexKnapp neonettic here it is. Modi can give some valuable tips. TheAlexKnapp Great!!!!
Source: Forbes - 🏆 394. / 53 Read more »
Don’t Play Monopoly With Jeff ImmeltMuch that is wrong with GE now is traced back to former CEO Jeff Immelt. But he made a smart bet on real estate, without meaning to. That's not a smart bet but dumb luck. Immelt's camping trips and sleepovers with President Crapweasel did not inure to the benefit of shareholders. When Law and Order started focusing in on wealthy killers, nationalist servicemen dometic terrorists Dick Wolf sold the show out for more Lightweight Chicago shows.
Source: WSJ - 🏆 98. / 63 Read more »
'Alexa, take me to the moon.' Jeff Bezos' Blue Origin wants to take astronauts to the moon by 2024Blue Origin, Amazon CEO and Founder Jeff Bezos' rocket venture, is planning a manned mission to the moon, he announced Thursday. Fuck Jeff Bezos. Billionaires can’t be satiated. Greed
Source: USATODAY - 🏆 100. / 63 Read more »
Jeff Bezos Unveils Blue Origin's Lunar Lander; Announces Launch Of Next-Gen Rocket In 2021On Thursday, Amazon CEO Jeff Bezos unveiled his space company's lunar lander and hinted it could be ready to send astronauts to the Moon by 2024. Talk about late Elon musk fan be like: First show penis Then rocket Penis forgotten about
Source: Forbes - 🏆 394. / 53 Read more »
'We are the rightful owners' of Anadarko, Occidental CEO tells shareholdersOccidental Petroleum Chief Executive Vicki Hollub on Friday touted her $38 billi...
Source: Reuters - 🏆 2. / 97 Read more »