Gap, Macy's and Target Shares Plummet -- WSJ

Dow Jones04-03

By Suzanne Kapner

Shares of Gap, Macy's and Target nosedived Thursday on news of President Trump's latest round of tariffs. The new tariffs heavily penalize goods imported from Asia, where many retailers manufacture and source their products.

Gap was among the U.S. retailers who fared the worst, with shares falling 22%.

Citi analyst Paul Lejuez said the tariffs were much worse than feared, particularly on retail manufacturing hubs such as China, Vietnam, Indonesia, Cambodia, India and Bangladesh. Analysts expect retail profit margins to suffer as a result. They assume retailers won't be able to pass enough price increases onto consumers or win enough concessions from suppliers to cover the rising costs.

This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).

(END) Dow Jones Newswires

April 03, 2025 11:28 ET (15:28 GMT)

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The full stream can be found by searching P/WSJL (WSJ Live Coverage). \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  April 03, 2025 11:28 ET (15:28 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4533","symbol_name":"AQR资本管理(全球第二大对冲基金)","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2524926762","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2524926762","pubTimestamp":1743694080,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Shares of Gap, Macy's and Target nosedived Thursday on news of President Trump's latest round of tariffs. 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The new tariffs heavily penalize goods imported from Asia, where many retailers manufacture and source their products. \n\n\n     Gap was among the U.S. retailers who fared the worst, with shares falling 22%. \n\n\n     Citi analyst Paul Lejuez said the tariffs were much worse than feared, particularly on retail manufacturing hubs such as China, Vietnam, Indonesia, Cambodia, India and Bangladesh. Analysts expect retail profit margins to suffer as a result. They assume retailers won't be able to pass enough price increases onto consumers or win enough concessions from suppliers to cover the rising costs. \n\n\n       This item is part of a Wall Street Journal live coverage event. 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