Latest news with #MichaelOSullivan
Bloomberg
29-05-2025
- Business
- Bloomberg
Burlington CEO Expects Tariff Turmoil to Help Discount Retailers
Off-price retailer Burlington Stores ' top executive sees an opportunity in the tumultuous tariff situation. Chief Executive Officer Michael O'Sullivan predicted 'attractive buying opportunities' for his company following the tariff roller coaster that peaked at 145% for Chinese goods.
Wall Street Journal
29-05-2025
- Business
- Wall Street Journal
Burlington Stores CEO: More Tariff Turmoil Could Be Good for Business
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.
