Bath & Body Works CEO: We've been onshoring to mitigate tariff risks, continue to see choiceful consumers [Yahoo! Finance]
Bath & Body Works, Inc. (BBWI)
Company Research
Source: Yahoo! Finance
CEO Gina Boswell told Yahoo Finance that 85% of its manufacturing is in the US. Most of it is in Beauty Park in New Albany, Ohio, a business park for beauty and personal care suppliers — and a short drive away from Bath & Body's Columbus headquarters. Boswell said the company has been "doing a lot of near-shoring and on-shoring" of its product for years. "One [reason] is minimal exposure. The other reason for having on-shoring is just flexibility with speed and agility. For us, ... part of our differentiated model is to be able to get our products in the stores in weeks rather than months," she explained. Last week, Trump posted on Truth Social that his administration plans to impose an additional 10% tariff on imports from China and a 25% tariff on imports from Mexico and Canada on Jan. 20, his first day in office. The president-elect has also floated the idea of a 10% tariff on all imports and 60% on Chinese imports to cut the trade deficit. Roughly 10% of Bath and Body W
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BBWI
Earnings
- 11/25/24 - Beat
BBWI
Sec Filings
- 12/10/24 - Form 144
- 12/3/24 - Form 4
- 11/26/24 - Form 10-Q
- BBWI's page on the SEC website