Build-A-Bear Workshop is proactively adjusting its inventory strategy to counteract tariff impacts, with CFO Voin Todorovic indicating that the company is prioritizing core product purchases. To better manage costs, the retailer has diversified its supply chain and factory partnerships, reducing reliance on Chinese imports to below 50% for 2024. This approach allows for greater flexibility in addressing potential tariff challenges while minimizing price increases as a last resort. The company’s sourcing primarily involves factories in China, Vietnam, and the U.S., with five vendors accounting for a significant portion of its supply.

Source: https://www.supplychaindive.com/news/build-a-bear-workshop-inventory-tariffs/743357/