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Facing challenges on several fronts, QVC said it hoped to significantly reduce its reliance on goods sourced from China, which account for about 50% of the company’s product costs — down from 55% five ...
and tariff volatility strongly impacted consumer sentiment in discretionary retail," David Rawlinson, president and chief executive officer of QVC Group, said in a statement. "We continue to ...
“Our consumer ... customer sentiment and a volatile news cycle, Rawlinson said. That, as of late, includes worry over tariffs. China is the company’s largest source for imports. QVC Group ...
Consumers showed signs of weakness last month as retail sales slowed, indicating shoppers may be pulling back as they await possible fallout from tariffs. The trend poses a risk for the wider economy, ...
Not only are QVC ... steeper tariffs on other countries, as his administration seeks to negotiate new trade deals. The on-again-off-again trade policy and market turmoil have sent consumer ...