In a sign of how US tariffs could be primed to unleash more pain on consumers, employees at arts and crafts retailer Michaels have been busy boosting prices on Halloween and fall items. https://t.co/oSeG2gDhHU ...

US President Donald Trump said he would cut all fentanyl-related tariffs on Chinese goods if Beijing cracks down on exports of the drug and precursor chemicals used to make it. https://t.co/8mbEjkDWwy ...

Brooks Running CEO says it won't "punish" consumers — but the sneaker brand can't outrun tariffs. "We will see about a 2% to 3% price increase in 2026," CEO Dan Sheridan told Yahoo Finance's Opening Bid. "The tariffs are just now starting to roll in to our cost of goods. But we really tried to take a full supply chain approach to this. We didn't want to punish the consumer." Shoppers can expect to see higher-ticket items across Brooks' lineup next year, though Sheridan didn't specify a time. "If we damp ...

Core Insights - Brooks Running is facing a price increase of 2% to 3% in 2026 due to tariffs impacting the cost of goods, although the company aims to avoid punishing consumers [1][3] - The company has reported nine consecutive quarters of year-over-year growth, with a 17% revenue increase in Q3, but this momentum may be challenged by the new tariffs [2][6] - Brooks Running has become the market leader in US performance running footwear, capturing significant market share and experiencing a 40% increase in average retail prices for running shoes over the past five years [5][6] Pricing Strategy - The decision to raise prices marks a shift for Brooks, which has historically positioned itself as a consumer-friendly brand [3] - The company has collaborated with manufacturing and distribution partners to mitigate the price impact despite rising total costs in the supply chain [3] Consumer Demand - Higher prices could test consumer demand, especially as inflation affects discretionary spending, with competitors like Nike and Adidas already noting softer demand in North America [4] - Despite potential challenges, Brooks Running reports high participation in running activities, indicating a strong consumer interest in health and wellness [5] Market Expansion - Brooks Running has seen rapid expansion in Europe and Asia, with revenue increases of 23% and 82% in those regions, respectively [6]

Financial Data and Key Metrics Changes - Total company reported sales for Q3 2025 were nearly $4.7 billion, up 6.1% on a reported basis or 5.4% on a daily constant currency basis [6][11] - Gross margins for the company were 38.6%, operating margins were 15.2%, and diluted EPS finished the quarter at $10.21, up $0.34 or 3.4% year-over-year [7][11] - Operating cash flow was $597 million, allowing the company to return $399 million to shareholders through dividends and share repurchases [7][8] Business Line Data and Key Metrics Changes - The high-touch solution segment saw sales increase by 3.4% on both a reported and daily constant currency basis, driven by volume growth and price inflation [11][12] - The endless assortment segment experienced an 18.2% increase in sales on a reported basis or 14.6% on a daily constant currency basis, with Zoro U.S. up 17.8% and MonotaRO achieving 12.6% growth [14][15] Market Data and Key Metrics Changes - The MRO market remained muted due to a heightened inflationary environment, impacting demand [12] - Strong performance was noted with contractor and healthcare customers, while manufacturing customers showed improving results [12] Company Strategy and Development Direction - The company announced plans to sell its UK-based Cromwell business and exit the UK market, focusing on growth in North America and Japan [9][20] - The strategy includes leveraging technology and AI to enhance customer solutions and operational productivity [5][24] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in continuing to serve customers well and deliver solid results despite external uncertainties [10][24] - The company anticipates gross margins will stabilize around 39% as LIFO impacts subside and price costs normalize [18][20] Other Important Information - The company is experiencing tariff-related LIFO inventory valuation headwinds, but these are expected to dissipate as inflation cools [8][18] - The company is actively engaged in pricing actions to offset cost pressures, with expectations for further inflationary pressures into 2026 [17][20] Q&A Session Summary Question: Impact of Cromwell on 2025 guidance - The Cromwell impact was adjusted for, with an estimated $40 million in revenues for Q4 from Cromwell and Zoro UK [26] Question: Pricing actions in Q4 - Pricing actions taken in Q4 were normal price cycle increases, with additional adjustments planned for November [27] Question: LIFO headwind implications - The LIFO headwind was noted to be at least 70 basis points, with expectations for gross margins to improve as LIFO impacts diminish [28] Question: Q4 growth expectations - Q4 guidance reflects challenges from the government shutdown and prior year hurricane impacts, with expectations for a step down in growth [31][32] Question: Government shutdown impact - The government shutdown is expected to impact total business by approximately one point for each day it continues [35][36] Question: Future pricing strategies - The company is taking a measured approach to pricing, ensuring competitiveness while managing cost increases [39][40] Question: UK exit lessons - The exit from the UK market is seen as a strategic decision to focus on more impactful growth opportunities in North America and Japan [49][50]

JUST IN: 🇺🇸🇨🇳 Trump says he would "love" to reduce tariffs on China by another 10% https://t.co/RJ5FtmnqwH ...

Trade Policy - Trump aims to reduce tariffs on China by 10% [1] - The goal is to establish a lasting trade agreement with China [1] Market Impact - The market sentiment is bullish following Trump's announcement [1]

RT Crypto Trends (@Crypto_Trends_)JUST IN: 🇺🇸🇨🇳 President Trump says he would 'love' to reduce tariffs on China by another 10%. ...

JUST IN: 🇺🇸🇨🇳 President Trump says he would 'love' to reduce tariffs on China by another 10%. ...

Joining us now is Democratic Congressman Jason Crowe of Colorado. He's on the Armed Services Committee. Great to have you here.Although crickets on Capitol Hill today, right, both the House and the Senate are out of session, so presumably no negotiating, no votes happening, what message is that sending to families trying to put food on the table. Well, because Donald Trump and the House Republicans have decided to shut down Congress, and Donald Trump just spent the last week overseas, you know, eating brown ...