[Opinion] What to do about tariffs? Here’s more retail thoughts - Furniture Today

What to do about tariffs? Here’s more retail thoughts - Furniture Today

HIGH POINT — Retail thoughts about tariffs and potential tariffs on imported furniture run the gamut of opinions, depending on one’s sourcing strategies, value propositions and other considerations. And while it will likely remain a contentious subject, some say evaluating things with a level head is the correct choice to make. “For smaller businesses, agility will be critical,” said Sarah Pelton, a partner with Cambridge Retail Advisors. “Diver…

What does it all mean? Industry tries to sort through new Trump tariffs - Home Furnishings News

President Donald Trump has levied sweeping new tariffs on nearly every American trading partner around the globe, with some of the highest percentages on countries with which the home furnishings industry does the most business. Companies that manufacture and sell home accents have been struggling since last week’s announcement to comprehend and assess what it means for their business. “I was simply shocked that the tariffs reached all of the ma…

Home furnishings industry braces for ‘very significant’, long duration impact from tariffs

HIGH POINT — The latest round of tariffs proposed by President Donald Trump, which includes double-digit levies on many of the United States’ leading trading partners, will have a very significant impact on 70% of home furnishings-related businesses, according to an exclusive Strategic Insights survey. The survey of more than 420 home furnishings retailers, manufacturer/suppliers, interior designers and industry allies, revealed few believe they…