Trumps' tariffs hault expansion plans of German textiles discounter Kik

9 days ago   |   By Fashion United

German affordable textiles chain, Kik, has halted its plans to enter the
United States due to the threat of higher tariffs. Instead of taking the tariff risk, the company wants to focus on expansion in Europe.
Kik aimed to conquer the U.S. by opening its first ten stores in the
Midwest during 2019. The U.S. market offers unlimited growth potential,
Patrick Zahn, chief executive office of Kik, commented last year. Now, however, trade policies of President Trump have thwarted the plans of the chain, that hoped to emulate the success of German grocery retailer Aldi in the U.S..
“Entering the...
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