Tariff Quote Watch: Genesco Tries To Keep A Lid On Tariff Risk With Inventory Build — Panjiva
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Tariff Quote Watch: Genesco Tries To Keep A Lid On Tariff Risk With Inventory Build

China 1758 Cons. Discr. - Apparel 214 Cons. Discr. - Retailing 156 India 283 Tariffs 1169 U.S. 3297 Vietnam 155

Apparel retailers are already putting tariff-coping strategies in place with a mixture of early inventory build and supply chain retooling. Genesco’s CFO, Mimi Vaughn has stated the firm has run up its imports of hats “primarily to a large Lids inventory to bring in core product ahead of tariff increases.” Total U.S. imports of hats, which became subject to 10% duties from September, climbed 19.2% on a year earlier in October. Genesco also imports shoes and apparel for its Schuh and Johnston and Murphy stores. While its imports from China and Hong Kong surged 67.7% year...

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