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Tariff Quote Watch: Lovesac Throws More Production To Vietnam

China 1800 Cons. Discr. - Durables 114 Tariff Quote Watch 102 Tariffs 1210 U.S. 3373 Vietnam 160

Lovesac is managing its exposure to U.S. tariffs on Chinese exports of furniture via several routes. CEO Shawn Nelson has indicated the firm “began resourcing much of our overseas production to Vietnam” a year ago and has also pursued “aggressive current vendor negotiations” and “selective pricing actions” too. The firm has not changed its sourcing since tariffs were implemented in September with imports in the three months to Nov. 30 having risen by 4.6% vs. the three months to Aug. 31. More broadly U.S. furniture imports from China climbed 9.1% on a ...

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