"If the tariffs go into effect at the levels that have been spoken about, retailers will have no choice but to put up prices," said Neil Saunders, GlobalData managing director. He emphasized that retailers would have to pass on cost increases to consumers, viewing this as a last-resort measure. This situation raises concerns about consumers absorbing the increased costs, impacting overall spending and economic behavior.
Walmart's CFO John David Rainey mentioned, "We never want to raise prices ... but there probably will be cases where prices will go up for consumers." This statement underscores the challenges retailers face as they navigate increased costs from tariffs while trying to maintain customer loyalty and affordability.
Lowe's CFO Brandon Sink noted that about 40% of the company's goods costs are from outside the U.S. He explained that tariffs "certainly would add product costs," but acknowledged that "timing and details remain uncertain at this point." This indicates uncertainty surrounding how and when these costs will be applied to consumers.
Autozone CEO Philip Daniele stated, "If we get tariffs, we will pass those tariff costs back to the consumer." This straightforward admission reveals the direct impact of tariff implementation on final pricing for consumers, emphasizing the retailers' stance as the economic landscape shifts.
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