By Jennifer Maloney
Burlington Stores Chief Executive Michael O'Sullivan said he's not sure what Wednesday's trade court ruling means for tariffs, but the head-spinning trade turmoil will likely benefit his discount chain.
"This topsy-turvy, stop-start surge has the potential to create attractive buying opportunities," he said Thursday on a call with analysts.
The 145% tariff rate that President Trump imposed in April on Chinese goods effectively shut down the flow of merchandise from China, and the U.S.-China trade deal struck in May sent vendors scrambling to catch up, O'Sullivan said.
"There's now a huge rush on production and shipping across the industry. Now, the court decision last night could add to that rush," he said. "So it remains to be seen if that will happen. But yes, I would say compared with two weeks ago, it's starting to look like the disruption caused by tariffs could turn out very well" for discount retailers.
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(END) Dow Jones Newswires
May 29, 2025 09:27 ET (13:27 GMT)
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