Steven Madden to cut sourcing from China on tariff worries under Trump
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Steven Madden is planning to reduce its product sourcing from China due to concerns over tariffs following Donald Trump's election victory. The company is looking to shift sourcing to other countries.
November 07, 2024 | 5:00 pm
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Steven Madden is reducing its reliance on Chinese sourcing due to potential tariff increases under Trump's presidency, seeking alternatives in other countries.
The news indicates a strategic shift in Steven Madden's supply chain due to anticipated tariff changes, which could lead to increased costs and operational adjustments. This may negatively impact short-term stock performance as the company navigates these changes.
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