- RH (NYSE:RH +4.6%) issues a clarification on how much product the company sources from China.
- RH statement: "The Company expects to source approximately 35% of its product from China in fiscal 2018, and that imports from China will be approximately 25% to 30% in fiscal 2019. In fiscal 2017, approximately 40% of RH product was sourced from China."
- RH says it believes that it can mitigate the impact of the proposed 10% tariff on its business to the point that there would be an immaterial impact on FY18 and FY19 results.
- Source: Press Release