Ross Stores Considers Raising Prices to Offset Effects of Tariffs

Core Insights - Ross Stores is considering raising prices to mitigate the impact of new U.S. tariffs [1][2] - The company reported lower-than-expected tariff-related costs for Q2 and anticipates moderation in tariff costs as the year progresses [2][3] - Executives indicated that price increases would be evaluated on an area-by-area basis, providing flexibility in response to tariff pressures [3] Industry Trends - More than half of middle-market firms believe tariffs will negatively affect their businesses, a significant increase from previous months [3] - 63% of goods firms plan to renegotiate pricing with suppliers, while 53% intend to shift from overseas to domestic providers [4] - A strategic shift is occurring across U.S. companies, with some considering price increases and layoffs as a response to ongoing tariff challenges [5]