Tariff Trouble: Retail Shares Already Seeing Losses

With no deal on trade in sight for China and the U.S. and more tariffs in the works, worries are continuing to weigh on stocks and retailers are no exception. Since May 5 when trade talks between the two superpowers imploded to the surprise of many, some key apparel and footwear companies, singled out by analysts as being most vulnerable to more levies, have seen their share prices slide. At the top of investors’ minds are the 25 percent tariffs the Trump administration is preparing to place on almost every single Chinese import that has yet to be targeted, including apparent and footwear. Until now, fashion had emerged relatively unscathed in the trade dispute, with the exception of handbags, which have already been hit with 25 percent levies. Among the retail stocks that have been negatively impacted are PVH Corp., down by 16.7 percent to $105.90; G-III Apparel Group, 33.4 percent to $28.90; Urban Outfitters Inc., 20 percent to $23.98; Ralph Lauren Corp., 17.7 percent to $108.02, and Gap Inc., 17.7 percent to $21.37. In the footwear sector, Skechers USA Inc. has slid 11.8 percent to $28.23, while Steve Madden Ltd. has shed 17.5 percent to $30.27. According to analysts at Cowen, Skechers USA Inc., G-III Apparel

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