InfographicTariffs and Earnings: What Companies Have Reported—Data Graphic Madhav Pitaliya, Analyst Sector Lead: Anand Kumar, Associate Director of Retail Research September 18, 2025 Reasons to ReadDiscover how leading retailers are navigating profitability pressures amid rising tariffs. Read this report to discover answers to these and other questions: Which retailers are projecting the largest gross margin declines due to tariff pressures? How are companies using supply chain diversification and vendor negotiations to mitigate tariff impact? What pricing and assortment strategies are being deployed to protect margins? Where are retailers focusing on efficiency and productivity improvements in response to tariffs? Which companies are choosing to absorb tariff costs, and what does that mean for short-term profitability? Companies mentioned in this report include: Abercrombie & Fitch, Bath & Body Works, Columbia Sportswear, Crocs, Five Below, Gap Inc., Levi Strauss, Lululemon, Macy’s, Nestlé, Nike, Procter & Gamble, PVH, Ross Stores, Target, Tractor Supply, Unilever, Urban Outfitters and Williams-Sonoma. Data in this report include: Gross margin and earnings guidance changes across major retailers; retailer-specific mitigation strategies including sourcing, pricing, and operational responses. Already a subscriber? Log in You are currently viewing a preview of this report. Please select an access option to view the full report. Hide Options - Show Options + Get unlimited access to all our research with one of our subscription plans. View Subscription Plans or Contact us to purchase this report. Contact us ✕ This document was generated for Other research you may be interested in: 2025 Tariffs: What Do US Consumers Think?—Proprietary Survey InsightsWeekly US and UK Store Openings and Closures Tracker 2025, Week 3: Joann Files for Bankruptcy Again as US Closures Cross 2,000CEO Brief: Agentic AI—Creating a Digital Workforce to Achieve Enormous Leaps in EfficiencyConsumer Sentiment Flatlines Ahead of Big Tariff Reveal; Plus, Mass Merchandisers and Wholesale Clubs in Focus: US Consumer Survey Insights