Retailers Struggle in First Quarter

The video discusses the recent performance of major retailers like JCPenney, Kohl's, and Home Depot. While some beat earnings expectations, they faced challenges such as weather impacts and missed sales targets. Kohl's experienced a notable sales decline, contrasting with Walmart and Macy's performance. The discussion highlights the looming threat of tariffs, affecting a significant portion of USA apparel imports from China. Retailers, including Home Depot and JCPenney, are adjusting their guidance due to these tariffs, with over 170 retailers expressing concerns to the President about potential business impacts.

What percentage of USA Apparel imports come from China?

What was the reaction of retailers to the potential impact of tariffs as mentioned in the text?