1146 ET - Vietnam is a large manufacturer of footwear and apparel, Bank of America analysts say. As a result, the U.S.'s new trade deal with the country is likely to have implications on retailers' future earnings. "Not all companies have quantified Vietnam sourcing exposure," the analysts say in a research note, "but of the ones that have, the companies with the largest exposure to Vietnam when adjusted for U.S. revenue exposure are: Deckers Outdoor, Crocs, Lululemon, Gap and Tapestry." Most retailers assumed 30% tariffs on imports from China and 10% tariffs on imports from other countries in their full-year outlooks, so a 20% average tariff on Vietnam will likely result in downward estimate revisions across most of the group, the analysts say. (connor.hart@wsj.com)

(END) Dow Jones Newswires

July 07, 2025 11:46 ET (15:46 GMT)

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