Retailers are shifting from short-term responses to long-term strategies amid rising tariffs and trade tensions. Hermès will increase U.S. prices starting May 1 to offset new EU import duties. A Coresight webinar highlights how retailers can adapt to shifting consumer sentiment. Experts see potential in repositioning Hudson’s Bay as a curated Canadian house of brands. Meanwhile, unpredictable tariffs on China continue to strain global supply chains and increase costs.
How Retailers Are Adapting Supply Chains to Tariffs
Retailers are moving from reactive tactics to long-term strategies in response to rising tariffs and trade tensions. Key actions include supplier diversification, scenario planning, and tariff engineering to reduce costs. Digital tools and regulatory strategies like reclassification are also helping boost resilience and safeguard margins.
Source: Retail Insider
Retail Strategies to Tackle Tariff Challenges
A recent Coresight Research webinar, explored how retailers can stay competitive amid rising tariffs and shifting consumer sentiment. Key strategies include data-driven pricing, brand storytelling, product innovation, and experiential retail. Speakers emphasized the importance of agility, customer focus, and digital tools to protect margins and boost loyalty.
Source: Coresight
Hermès to Raise U.S. Prices Amid EU Tariffs
Hermès will raise U.S. prices starting May 1 to offset a new 10% tariff on EU imports. The brand confirmed that the increase will span all product categories but not extend to other markets. While final tariff terms are still pending, Hermès expects U.S. customer loyalty to hold steady.
Source: Supply Chain Dive
Can Hudson’s Bay Rebuild as a Canadian House of Brands?
As Hudson’s Bay restructures, retail experts see potential in positioning it as a curated Canadian house of brands. Immersive zones, local designers, and tech-integrated retail spaces could revive its identity. Rebuilding trust with vendors and securing support are critical to making this bold, cultural pivot succeed.
Source: Retail Insider
The Global Fallout of U.S.–China Tariff Volatility
Erratic tariffs on China are creating ripple effects far beyond U.S. borders, straining global supply chains and pushing up costs. Manufacturers remain tied to China for production, making rapid shifts both costly and impractical. Rather than isolating China, the tariffs risk stalling trade and intensifying global uncertainty.
Source: The Robin Report
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