Black Friday Dilemma: Tariffs vs. Sales

Black Friday Dilemma: Businesses Grapple with Tariffs and Profit MarginsThis year, many businesses are facing a tough decision for the holiday season. With rising costs, particularly from new tariffs, they must choose between offering big Black Friday sales and risking losses, or maintaining regular prices and potentially losing customers. Lisa Cheng Smith, owner of Yun Hai Taiwanese Pantry in New York City, is struggling with this choice due to increased import costs. Shes unsure if she can afford her usual fifteen percent Black Friday discount. Meanwhile, Dan Peskorse, whose company Upstream Brands sells online, is also rethinking his Black Friday strategy due to tariffs. Experts predict a strange season as businesses try to balance higher costs with consumers pulling back on holiday spending due to inflation.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.