** Shares of apparel and fashion retailers Premier Investments PMV.AX, Accent AX1.AX, Super Retail SUL.AX, Lovisa LOV.AX up between ~1% and ~5%

** Morningstar suggests that tariffs could rekindle stagnating fashion sales volumes if prices decrease

** Brokerage adds that despite potential indirect risks from U.S. tariffs on China, the net impact on cyclical retailers is expected to be slightly negative but immaterial in the long term

** Notes that Australian shoppers, supported by monetary stimulus and potential disinflation in discretionary products, are well-prepared to tackle any tariff fallout

** YTD, PMV and SUL drop ~16%; AX1 tumbles 22.5%; LOV falls 18.4%

(Reporting by Kumar Tanishk in Bengaluru)

((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk;))