Gap shares plummet as retailer says tariffs will cost hundreds of millions

The conglomerate relied on solid operating earnings, boosted by strong investment income and underwriting earnings at auto insurance flagship Geico.

Vuori has grown from a no-name brand into a $5.5 billion empire by building a profitable and growing business and taking share from Lululemon.

President Donald Trump has praised tariffs and announced an array of import duties on specific countries and products since taking office.