Macy's joins retail giants warning of price hikes as tariffs weigh
Macy's executives warned on Wednesday that the retailer will raise the prices of select products due to global tariffs. CEO Tony Spring, who took over last year to lead the company’s turnaround, said during an earnings call on Wednesday that the company is reducing its exposure to China, renegotiating orders with suppliers and canceling or delaying orders "where the value proposition is just not where it needs to be" in order to minimize the impact on the business.Chief Financial Officer Adrian Mitchell sai ...