Target Responds to Tariff Warnings
Retail Drive, September 5, 2019
Target has communicated to its suppliers the retailer will not be raising prices for consumers nor accepting higher prices from suppliers as a result of existing and forthcoming tariffs on imported Chinese goods.
Target, which has an assortment dependent on in-house brands, does quite a lot of importing from China itself, while also purchasing products from suppliers that do that same. Executive Vice President and Chief Merchandising Officer Mark Tritton wrote, "Our expectation is that you will develop the appropriate contingency plans so that we don't have to pass price increases along to our guests,".
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