RH Says New China Tariffs Won't Impact Financial Results
RH "expects no impact to Fiscal 2019 or Fiscal 2020 financial results from the tariffs imposed on new product categories imported from China effective September 1, 2019," the luxury furniture company said in an Aug. 1 news release. "The impacted…
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product categories represent less than 1% of total inventory receipts for fiscal 2019 and less than 2% of anticipated total inventory receipts for fiscal 2020," it said. Also, "since the vast majority of the impacted product categories are textile based, we have multiple sourcing alternatives outside of China that the Company has been evaluating."