Tariff Quote Watch: Best Buy Makes Best Efforts To Avoid Import Duty Risks — Panjiva
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Tariff Quote Watch: Best Buy Makes Best Efforts To Avoid Import Duty Risks

China 3053 Cons. Discr. - Retailing 519 Quote Watch 452 Tariffs 1870 U.S. 5404

Electronics retailer Best Buyer reported a 23% year over year increase in inventories in the third quarter, raising concerns about its sales success. Yet, CFO Corie Barry indicated all but 7% points was down to seasonality (timing of holiday sales) and the remainder was “due primarilty to tariffs and weather”. CEO Hubert Joly has indicated the direct impact of tariffs so far is limited, with only 7% of purchases affected. There is the potential for a more significant impact in the new year if the U.S. government widens the scope of coverage – in total China accounts ...

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