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Stock impact report

Sizing the tariff and immigration policy risks on U.S. retailers [Yahoo! Finance]

Target Corporation (TGT) 
Last target corporation earnings: 3/3 06:30 am Check Earnings Report
US:NYSE Investor Relations: investors.target.com
Company Research Source: Yahoo! Finance
According to Bernstein, the retail industry, historically reliant on global trade and immigrant labor, may see significant challenges as these policies take hold. Tariffs on Chinese imports are viewed as the most impactful. Bernstein analysts estimate that Target Corporation (NYSE:TGT) and Dollar Tree (NASDAQ:DLTR) “are the most exposed to China, given their greater exposures to discretionary categories.” In 2019, both Target and Dollar Tree experienced 30-40 basis points of gross margin headwinds during impacted quarters, while Lowe's (NYSE:LOW) reported a similar hit. Although many retailers have since diversified their sourcing, exposure remains. Target, for example, has reduced its China exposure from 60% to around 30% for its private label discretionary products, with plans to reduce it further. “As many retailers have diversified away from China, we expect the direct cost impact to be less significant this time around,” analysts led by Zhihan Ma noted. But while the d Show less Read more
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