By Jasmine Li

Apparel stocks are trending lower as investors digested Donald Trump's victory-and the potential tariff increases that come with it.

Mass apparel companies, many of which source and manufacture their goods abroad, could be some of the hardest hit in Trump's economy. The president-elect has proposed a 60% tariff on goods from China, and a 20% tariff on all imported goods.

Shares of Steven Madden and Nike fell around 3% Wednesday. Crocs, Lululemon and Abercrombie & Fitch were also in the red as of Wednesday afternoon.

Here's a breakdown of their exposures to global sourcing:

-- Nike: Fiscal 2023 filings say it manufactured 50% of Nike brand footwear in Vietnam, 27% in Indonesia and 18% in China.

-- Steven Madden: CEO Edward Rosenfeld said on a July earnings call that about 75% of the company's U.S. imports come from China.

-- Crocs: In 2023, the company produced 56% of Crocs brand products in Vietnam and 83% of Heydude products in China, according to filings.

-- Lululemon: The company sourced 40% of fabrics from Taiwan and 26% from mainland China in 2023, according to filings.

-- Abercrombie & Fitch: The company sourced 74% of goods from Vietnam, India, Cambodia and China in 2023, according to filings.

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(END) Dow Jones Newswires

November 06, 2024 13:50 ET (18:50 GMT)

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