Saturday, September 8, 2018

Tariffs. What They Mean For You And Us.

National retail organizations are beginning to comment on the effect which President Trump's tariffs on goods coming into the U.S. will have on retail and its employees.

I have read that these tariffs, if enacted, will up the cost of goods and affect the employment of people who have retail jobs.  Naturally this is an area of concern for us as we continue to order for our store.

The products and candy which we have on order at this point were not effected by any future tariffs.  They were ordered, produced and shipped prior to the Administration's new policies on tariffs.  What we are looking for is the effect it might have on 2019 goods.

Retailers continually face the question of what to do about increasing costs both in product and in shipping costs.  These increases have to be added to the bottom line of what consumers are paying both at local stores and online, and retailers ability to hire staff.   I have written about this situation at least once before, hoping that we can all be prepared for any changes in pricing or ability to have goods arrive on time.

We will keep you posted as to these matters and what retailers will be able to do to adjust pricing as minimally as possible.

Stay tuned.


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