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Dear Valued Customer,
As you are well aware, the volatility in the tariff landscape has increased dramatically in the past few weeks. While an incredibly high, broad array of tariffs have been announced, paused and adjusted, our teams have worked tirelessly with our global manufacturing partners in efforts to smooth out the impact as much as possible. We are continuing to take a surgical approach by negotiating prices on a partner-by-partner basis while keeping our inventory position healthy to minimize the impact to you and your customers.
That said, there are limitations to what we can accomplish behind the scenes with tariffs of this magnitude. In response to the recent 10% tariff on most countries effective April 9, and additional rounds of tariffs on China currently totaling over 170%, we anticipate the need to institute a price adjustment on impacted goods in early May.
Tomorrow, we are launching our new introductions for the Spring season and High Point Market begins this week. With these two events ahead, we have decided that we will not implement price adjustments for current active products until early May. Prices listed for new Spring introductions will reflect the price adjustments when they launch tomorrow. We hope these decisions will help you shop and prepare for High Point with reassurance.
We do not want to declare a specific date on adjustments while active trade negotiation efforts are in the works. We are remaining optimistic that these negotiations will help decrease the proposed tariff impact in the weeks and months to come. As always, when adjustments are made, we will also reduce prices accordingly if tariffs are eased.
We understand that the details and timing of these changes may impact your business significantly. In the spirit of clear, timely communication, we will continue to provide further updates via the FAQ page on our website. Please regularly consult this page for the most current information as the situation evolves.
Four Hands has built a strong, diversified supply chain spanning 80+ manufacturing partners in 12 countries, including the United States. This strategic approach allows us to maintain flexibility in product development and minimize potential disruptions. While no one knows where the tariff landscape will ultimately land in the long term, we are confident in our ability to effectively navigate these choppy waters in the near term together as your partner.
Thank you for your continued partnership, |
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Chief Revenue Officer
Michael Bullock |
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