1057 ET - Boot Barn still has time to navigate the brewing trade war, says BofA Securities' Christopher Nardone and Lorraine Hutchinson in a research note. The lifestyle retail chain's sourcing footprint includes about 30% of production in China and 25% in Mexico, say the analysts. They expect the incremental 10% tariff on China will be manageable through vendor negotiations and potential pricing actions. Production in Mexico will be tough to move to other regions, they note, but expect the potential 25% tariff on the country to be addressed by price increases. "Boot Barn turns inventory roughly twice per year, so they still have some time to navigate the situation," say the analysts. "Risks of a harsher tariff playbook may linger given the volatility of the current political situation." (denny.jacob@wsj.com; @pennedbyden)
(END) Dow Jones Newswires
February 12, 2025 10:57 ET (15:57 GMT)
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