Clothing prices could spike this fall

With new tariffs set to hit in August, shoppers may start feeling the impact.

Transcript

00:00What is the consensus? How many retailers have actually pushed those higher prices from tariffs onto the consumer?

00:05How many are expected to?

00:07So far, we've been tracking it in a collaboration with Centric Market Intelligence,

00:12and actually up until the month of June, the prices in apparel have been down,

00:17which actually does explain why we saw a splurge in apparel sales in the month of June.

00:24Because as long as those prices continue to be down, we're going to continue to see the consumer spend in that area.

00:28However, going into July and August, that could be a different picture,

00:33mainly because that's when a lot of those other tariffs will be hitting.

00:37But yes, when it comes to the expenditure right now, we're saying that the biggest winners,

00:43even for the rest of the year, are going to be the discounters,

00:46because consumers will be looking for those value-oriented prices.

00:49TJX, off-price retailers, are expected to do very well during the back-to-school season as kids go back to school.