The trade war with China could cause prices to rise on everything from toys to clothing, but it also could lead to “widespread store closures,” according to a report by UBS.
“Tariffs could cause over half of this change in one year, rather than four,” Sole wrote, adding this is just publicly traded companies and doesn’t include impact on private companies.
Fred’s store closings: Retailer announces 104 more stores to shutter in summer, see the list
Store closings 2019: CVS, Payless and Victoria’s Secret are some of the brands closing nearly 6,500 stores…
https://www.yahoo.com/news/china-tariffs-could-force-apos-093006501.html
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