In response to President Trump's tariffs affecting various imported goods, Stew Leonard's CEO, Stew Leonard Jr., is navigating supply chain challenges while striving to keep prices stable. The grocery chain, which emphasizes fresh, in-store production, sources products from suppliers in Mexico and Canada. Leonard acknowledges the uncertainty surrounding tariff durations and is proactively seeking alternative suppliers to alleviate potential price hikes. With only 4% of sales impacted, Leonard displays adaptability, working with suppliers to manage inventory and forecast future costs effectively.
As far as tariffs go, I've talked to our suppliers in Mexico with avocados and beer and tequila, and I've talked to our suppliers in Canada.
Throw a dart. Is this tariff going to last one day? Is it going to last a week? Is it going to last a month?
You've got to line these people up and let them know what's coming. Our Norwegian salmon supplier, we've already had discussions with them.
We did talk to our tequila supply importers. They bought in six to 12 months of inventory. They said to me, 'Read my lips, we're not going to increase tequila prices.'
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