BUZZ-Retail, apparel, footwear, dollar stores fall after Trump's reciprocal tariffs

Reuters
03 Apr
BUZZ-Retail, apparel, footwear, dollar stores fall after Trump's reciprocal tariffs

** Shares of retailers down in extended trading after U.S. President Donald Trump announced reciprocal tariffs; says would impose a 10% baseline tariff on all imports to the U.S.

** Trump lists reciprocal tariffs, including 34% on China and 20% on the European Union

** Retail behemoth Walmart WMT.N, Target TGT.N and Best Buy BBY.N down ~6% each in after-market trade

** Sportswear giant Nike NKE.N is down 7%, while On Holding ONON.N and Lululemon LULU.O have fallen 15% and 11%, respectively, as the announced 46% tariffs on Vietnam could hurt, given reliance on product sourcing

** Apparel retailers Abercrombie & Fitch ANF.N and Gap GAP.N down 8% each, while footwear makers Birkenstock BIRK.N, Skechers SKX.N and Deckers DECK.N also down between 7% and 10%

** Dollar stores Dollar Tree DLTR.O and Dollar General DG.N down 12% and 6%, respectively

(Reporting by Neil J Kanatt in Bengaluru)

((Neil.JKanatt@thomsonreuters.com))

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