Purse-Maker Vera Bradley Says China Tariffs Will Derail Recovery

Vera Bradley Inc., a maker of purses and backpacks, says President Donald Trump’s next round of tariffs on China could derail its nascent recovery.

It’s been a tough stretch for the Roanoke, Indiana-based retailer, which has posted declining sales and net income in each of the past five years. But business has improved lately, including profit that beat expectations by a wide margin in its most recent quarter. The company’s shares are up about 17 percent this year.