By Connor Hart
Children's Place narrowed its loss in the recent quarter, though it reported lower revenue and said that it expects margin pressure as a result of President Trump's tariff policies. The children's apparel retailer posted a net loss of $8 million, compared with a loss of $128.8 million a year earlier. Sales fell 10% to $408.6 million. Interim CEO Muhammad Umair said that potential tariffs could hurt the apparel sector: "We do expect margin pressure as a result." Shares fall 3.5%, to $6.54, in after-hours trading.
NextPlat put plans to bring new products to Chinese consumers on hold after Beijing raised tariffs on U.S. goods. The company, which helps businesses sell their goods domestically and internationally via ecommerce platforms, said the change in plans is expected to have a material impact on sales of U.S. products in China. It added that escalating trade tensions would limit the ability of U.S. products to compete with locally produced goods. Shares fall 9.1%, to 56 cents, in post-market trading.
Write to Connor Hart at connor.hart@wsj.com
(END) Dow Jones Newswires
April 11, 2025 18:51 ET (22:51 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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