1331 ET - Burlington Stores thinks potential tariffs could lead to disruption, which could ultimately benefit the off-price retailer. Burlington notes that only about 7% of its merchandise has a direct tariff exposure to China. It adds that as it did in years past, it will look for strategies to offset increment tariffs, work with vendors on the cost side and examine where it sources from. "Manufacturers may build up inventory levels to get out in front of tariffs," says CFO Kristin Wolfe on an earnings call. "These sorts of disruptions do create buying opportunities for off-price." President-elect Trump is pledging to levy tariffs on imports from Mexico, Canada and China. (denny.jacob@wsj.com; @pennedbyden)
(END) Dow Jones Newswires
November 26, 2024 13:31 ET (18:31 GMT)
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