Crate & Barrel CEO Says Tariffs Won't Shift Sourcing to U.S.

The video discusses the impact of tariffs on Crate & Barrel, highlighting their global sourcing strategy and the challenges posed by international sourcing. It explores the potential effects of tariffs on pricing and supply chains, emphasizing the importance of maintaining ethical and sustainable practices. The video also examines the influence of US economic conditions, such as consumer confidence and employment rates, on Crate & Barrel's business operations.

What percentage of Crate & Barrel's goods come from China?

• 10%

• 20%

• 30%

• 40%

Why might Crate & Barrel not shift its sourcing back to the US?

• Better quality products abroad

• Lack of manufacturing base for certain products

• Faster production times overseas

• High labor costs in the US

What is a major concern for Crate & Barrel regarding international sourcing?

• Increasing production speed

• Finding new suppliers

• Ensuring ethical and sustainable practices

• Reducing production costs

How has the strong US economy affected Crate & Barrel's business?

• Increased hiring challenges

• Decreased consumer spending

• Reduced demand for products

• Lower wages for employees

What is the average tenure of Crate & Barrel associates?

• 3 years

• 5 years

• 7 years

• 10 years

In which city has Crate & Barrel had to raise wages due to market conditions?

• New York

• Seattle

• Miami

• Chicago

What factor is contributing to the need for wage increases in certain markets?

• Decreased competition

• Increased minimum wage legislation

• Lower cost of living

• Higher product demand