Crate & Barrel CEO Says Tariffs Won't Send Production to U.S.
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As the U.S.-China trade war intensifies, home goods and furniture retailer Crate & Barrel doesn’t foresee changes in sourcing for its merchandise -- at least for now. If shifting production to another country becomes necessary, however, it’s unlikely to go to the U.S.
“Other than upholstery, where we have a great manufacturing base in the U.S., some of those products would be very difficult to manufacture domestically,” Chief Executive Officer Neela Montgomery said in an interview with Emma Chandra on Bloomberg TV. “So in reality it’ll move to another Asian market or to Europe.”