Macy's Rebounds From Tough Holiday With a 1Q Sales Surprise

What is one way apparel retailers are reducing their risk from tariffs?

• Expanding into new markets

• Increasing local production

• Shifting manufacturing to Southeast Asia

• Raising product prices

Why is it difficult for retailers to renegotiate deals with suppliers?

• Retailers lack negotiation skills

• Suppliers are unwilling to change terms

• Suppliers have increased production costs

• Uncertainty about tariff duration

What is a potential consequence of higher import costs for retailers?

• Increased marketing budgets

• Higher product quality

• Reduced profit margins

• Expansion into new regions

Which strategy is NOT mentioned as a way for Macy's to manage costs?

• Lowering raw material costs

• Cutting marketing expenses

• Increasing headcount

• Reducing inventory

How does a tight labor market affect retailers' cost management?

• It leads to lower wages

• It increases labor costs

• It simplifies hiring processes

• It reduces the need for skilled workers