The pandemic slowed down business. Now with tariffs, Kathryn Lundeen, owner of Lundeen’s Gifts in Culver City, California, feels even more uncertain about the future of her business.
Many travelers are opting to stay closer to home. And households earning $100,000 or more are forecast to make up about half of this summer’s travelers, according to analysis by Deloitte.
Pottery Barn is one of many retailers focusing more on business outside the U.S. And it seems to be a strategy to offset the cost of tariffs, and the potential downshift in spending from American consumers.