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Ex-retailer says stores can forget price hikes to offset tariffs


Retailers looking to offset added costs stemming from the U.S.-China trade war by hiking prices should rethink their strategies, retail consultant and former department store executive Jan Kniffen said Friday.

“It won’t get passed through, because the consumer won’t accept it,” the J. Rogers Kniffen Worldwide Enterprises CEO told CNBC’s “Squawk Box, ” saying consumers have not yet seen a real negative impact from tariffs.

On Friday morning, the government said U.S….

Source cnbc.com

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