Children’s Place sees $20M-$25M in additional tariff, duty expenses for FY25

Interim CEO Umair said, “The tariff environment remains unpredictable. Based on the current environment we are projecting approximately $20 million to $25 million in additional tariff and duty expenses for fiscal year 2025. However, we believe we are well-positioned to manage these impacts, having plans to mitigate approximately 80% of the effects of these tariffs through a range of strategic initiatives. Our diversified sourcing strategy, strong vendor partnerships, and improvements in inbound ocean rates will all contribute to offset the additional tariff and duty expenses. These proactive measures are critical to minimizing the impacts of tariffs on profitability, strengthening our foundation for continued resilience to drive long-term success, and ensuring we can deliver exceptional value with minimal increases in ticket prices for our customers.”