President Trump’s global tariffs lock in: Who wins and who loses?
President Donald Trump’s new global tariff policy is causing major economic changes. Here’s who stands to benefit and who’s hit the hardest.
Outdoor sporting goods chain Orbis confirmed this week that it plans to close more than 30 stores nationwide.
In a statement shared with USA TODAY on Oct. 10, Orbis President Simon Perkins cited the “unprecedented tariff situation” and said the retailer would close 31 stores and five dealerships by early 2026. Orbis said it would similarly reduce the number of products it sells.
“We are entering an exciting new chapter as we return to our roots and place greater emphasis on our commitment to fly fishing and wing shooting, which are central to our heritage,” Perkins said. “This focus is about more than products; it’s about ensuring Orvis continues to lead in innovation, serving anglers and upland communities, and protecting the wild places we love.”
The company said it is not completely exiting the lifestyle apparel space, but will focus more on gear and other outdoor products.
Approximately half of stores are closed
According to the company’s website, Orbis currently operates 70 retail stores nationwide and boasts a network of more than 550 retailers, including Bass Pro and Sportsman’s Warehouse. The chain was founded in 1856 by Charles F. Orbis and started as a fly-fishing supply store, then expanded to include sportswear, luxury gifts, home furnishings, luggage and travel accessories, according to its website. The company currently employs 1,500 people in the U.S., but it’s unclear how many of them will be affected by the closure.
“We know this impacts people who are important members of the Orvis family,” Perkins said. “We are deeply grateful to our employees for their outstanding work embodying the core values of the Orbis brand and community.”
