Macy's in Podcasts

Macy's said today that its shoppers are buying more this month than they did in March and April to get ahead of the effect of tariffs. The department store chain is raising prices on some items, renegotiating vendor agreements and shifting its inventory sourcing to ease the brunt of global tariffs. The retailer said that as of February 1st, about a fifth of its products came from China.

It seems like all this talk of prices potentially going up is spurring some customers to rush to make purchases now. It's something Macy's CEO Tony Spring mentioned in the company's earnings call last week.

Hey, listeners. It's Monday, June 2nd. I'm Hannah Aaron Lang for The Wall Street Journal. And this is What's News and Earnings, our look at the broad themes that stood out in the latest earnings season. Today, we're taking a look at retailers. Stores like Macy's, Kohl's and Best Buy have been caught in the crosshairs of President Trump's tariff war.