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Stock impact report

Why Apparel and Shoe Companies Deckers Outdoor, Gap, and Abercrombie & Fitch Rallied Today, Even as the Broader Markets Plunged Again [Yahoo! Finance]

Deckers Outdoor Corporation (DECK) 
Last deckers outdoor corporation earnings: 1/30 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.deckers.com
Company Research Source: Yahoo! Finance
ET, even as the broader markets plunged for the second day in a row. By contrast, the S&P 500 index was down an ugly 5.5% at that time. As with most major moves in the markets these days, the outperformance of these apparel companies came down to a statement from President Donald Trump, spelled out in a midday post on Truth Social Of course, the post was about tariffs, specifically regarding Vietnam. All three of these retailers manufacture their clothes and shoes in East Asia, with a particular concentration in the country of Vietnam. In its annual report, Deckers noted that due to the U.S.-China trade tensions during the first Trump administration, it had moved a significant amount of its manufacturing from China to Vietnam. Similarly, Gap noted in its annual report that 27% of its purchases now come from Vietnam, with another 19% from Indonesia -- with these countries having the highest concentration of purchases among all nations. Meanwhile, 35% of Abercrombie's vendors we Show less Read more
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