Tariff Quote Watch: Best Buy Makes Best Efforts To Avoid Import Duty Risks — Panjiva
Más

Panjiva_research_logo

Tariff Quote Watch: Best Buy Makes Best Efforts To Avoid Import Duty Risks

China 1758 Cons. Discr. - Retailing 156 Tariff Quote Watch 91 Tariffs 1169 U.S. 3297

Electronics retailer Best Buyer reported a 23% year over year increase in inventories in the third quarter, raising concerns about its sales success. Yet, CFO Corie Barry indicated all but 7% points was down to seasonality (timing of holiday sales) and the remainder was “due primarilty to tariffs and weather”. CEO Hubert Joly has indicated the direct impact of tariffs so far is limited, with only 7% of purchases affected. There is the potential for a more significant impact in the new year if the U.S. government widens the scope of coverage – in total China accounts for...

PANJIVA RESEARCH is a service provided by Panjiva, Inc. ("Panjiva") to relevant global subscribers, and are deemed to be Panjiva "Services" subject to the Panjiva Terms & Conditions of Use. Information contained within or made available via the Services is for informational purposes only and nothing in the Services shall constitute or be construed as an offering of financial instruments, or as investment advice or recommendations by Panjiva, Inc. or its affiliates of an investment strategy or whether to "buy", "sell" or "hold" an investment. The Services may include views and commentary about customers of Panjiva. No aspect of the Services is based on consideration of your individual circumstances, and you should determine on your own whether you agree with the information contained within or made available via the Services. Employees involved in Panjiva Research may hold positions in securities analyzed or discussed in the Services. Panjiva does not make any express or implied warranties, representations, endorsements or conditions with respect to the Services and the information contained within or made available via the Services, including without limitation, warranties as to the usefulness, completeness, accuracy, currentness, reliability or sufficiency of any information (including, without limitation, conclusions, statements, opinions, estimates, forecasts or projections of any kind) and expressly disclaims any implied warranties. Neither this disclaimer nor any of its contents may be forwarded or redistributed without the prior written consent of Panjiva. © 2019 Panjiva, Inc. All Rights Reserved.