(04-29-2025, 10:30 AM)quintessentone Wrote: So Amazon (Bezos) will now list the additional costs from Trump's tariffs and the White house is calling this type of 'transparency' a hostile act. Imagine those MAGA who will be informed as to how tariffs really work.
"Amazon is among the large retailers bracing for the impact of tariffs. Trump’s 145 percent tariffs on China are expected to hurt the independent retailers who rely on imports. Approximately 60 percent of Amazon’s sales come from the smaller retailers. "
https://www.independent.co.uk/news/world...41552.html
All will be fine in the long run... short-term pain long-term gain..... Our industry is taking a huge hit.
BUT one of the CFOs of a larger firm believes that if we can lower our expenses just 10-15% over the long haul, these hardball negotiations that worry so many will be well worth it. 20% or higher could be possible. It's his understanding that our industry's negotiators and the Chinese side are working on the parameters.
We are in between seasons and hitting our slowest time of the year, so he believes we can weather this better than some other industries. Well aware that doesn't work for everybody
He said that for every 7.5% saved long term from these China negotiations, he will raise our commissions by 1.5%.
If we could get to additional 3% would be fantastic. Once the new tariffs are finalized, he hopes to wipe out our obscenely large sample charges, too. Thats just one company, if we can get all of our associate companies to make the same small concessions. We could recoup all of our "losses" in 2 or 3 months.
For perspective, in my 30 years or so, CRs have floated between 8-10%,+1.5-3%, AND saving on sample charges would be a windfall. Furthermore, while he doesn't want to lower prices on carryover styles on his legacy collection, he is thinking of introducing a lower-cost line, which would open us up to dozens of new clients in our small territory.
So we watch and wait...
Karen Kennedy reposted
Benny Johnson
@bennyjohnson
=#ffffffAmazon's stock after getting obliterated by the White House for announcing they will be displaying "tariff prices" next to products
9:28 AM · Apr 29, 2025
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