April 2025: Tariff Update with Doug Cofiell
Spring 2025 has been a promising season across Ivystone’s network, with retailers experiencing healthy store traffic and stable sales. It’s essential to stay prepared for upcoming challenges—particularly the recent tariff changes impacting global imports.
In this update, Ivystone CEO Doug Cofiell shares insights on what these changes mean for your business and how you can take proactive steps to navigate the months ahead.
Understanding the Tariff Situation
New tariffs on imported goods have been introduced globally. These changes impact a range of industries, including seasonal and toy categories, where goods are often ordered far in advance. Many suppliers are responding with tariff surcharges—temporary fees added to cover the extra costs—rather than permanent price increases. This approach allows for adjustments if trade negotiations evolve.
How This Impacts Your Inventory
Incoming shipments vary, with some goods arriving before the tariffs took effect and maintaining pre-tariff pricing, while others are landing with added costs ranging from moderate to significant increases. By mid-May, nearly all imported goods are expected to carry some form of additional fees, making it crucial for retailers to monitor pricing and plan accordingly.
What To Do Now
Tariff adjustments can create some uncertainty, but with a few proactive steps, you can keep your business well-positioned for what’s ahead. Here are some helpful tips to guide your planning:
- A Tariff Calculator to help you easily evaluate how these changes might affect your product costs and retail pricing strategies.
Download Our Tariff Calculator
(Requires Microsoft Excel, Google Sheets, or similar spreadsheet software.) - Secure inventory from your key suppliers now, especially if they have stable pricing on current goods. This helps ensure you’re covered for the upcoming seasons without unexpected cost increases.
- Stay connected with your vendors and Ivystone reps. They can provide insights into which products may be affected, any pricing adjustments, and what to expect in terms of inventory availability.
What Happens Next
While negotiations around tariffs continue, shipping delays and disruptions may occur. Some vendors may hold goods until there’s more clarity, which could lead to missed ship dates or slower deliveries. This is a result of shifting global trade policies, not vendor mismanagement.
We encourage everyone to remain flexible and plan ahead, especially as we approach the critical fourth quarter.
We’re Here to Support You
If you have questions or need help navigating these changes, reach out to your Ivystone representative. Our team is committed to helping you stay informed and ready for what’s ahead.
