Abercrombie Races to Reduce China Imports as Trade Tensions Rise
- CEO acknowledges that tracking levies is ‘time-consuming’
- Tariffs add an extra challenge to softening apparel market
Pedestrians pass in front of an Abercrombie & Fitch Co. store in San Francisco, California.
Photographer: David Paul Morris/BloombergThis article is for subscribers only.
Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here.
Abercrombie & Fitch Co. is pushing to reduce its dependence on suppliers in China by more than 40% from last year’s level as it becomes clear that President Donald Trump’s trade war is going to hurt profits.