Uniqlo Founder Says US May Suffer Most From Tariffs At a recent event in New York, Tadashi Yanai, the founder of Uniqlo, made a thought-provoking statement regarding the economic impact of the global trade war. Yanai expressed his concern that it is the United States that may bear the brunt of the repercussions from tariffs […]
Swatch to Hike Prices in US Due to Tariffs, CEO Says
Swatch to Hike Prices in US Due to Tariffs, CEO Says Swiss watchmaking giant Swatch has recently announced its decision to raise prices in the United States due to the impact of new tariffs. The company, known for its iconic and high-quality timepieces, disclosed that the price hike could range from 5 percent to 15 […]
Coach Parent Tapestry Expects to Offset Tariff Costs by 2028, Plans $3 Billion Buyback
Coach Parent Tapestry Expects to Offset Tariff Costs by 2028, Plans $3 Billion Buyback Coach Parent Tapestry is gearing up to navigate the challenging waters of tariffs, with a strategic plan in place to offset the costs by 2028. The company is set to face approximately $160 million in tariff expenses in fiscal 2026, but […]
Byredo Owner Puig’s Profits Climb 79% on Tariff Pre-Orders
Byredo Owner Puig’s Profits Surge 79% on Tariff Pre-Orders Puig, the Spanish conglomerate behind renowned beauty brands like Charlotte Tilbury and Paco Rabanne, has recently reported a substantial 79% increase in profits. This surge in profitability can be attributed to a strategic move made by Puig in the lead-up to June. As global trade tensions […]
Shinola’s Message to Swiss Watchmakers: Come to Detroit
Shinola’s Message to Swiss Watchmakers: Come to Detroit Shinola, the American watch brand known for its high-quality timepieces, has recently kicked off a bold campaign aimed at its Swiss competitors. The message is clear: come to Detroit. In the midst of escalating trade tensions and steep tariffs, Shinola is inviting Swiss watchmakers to consider shifting […]
Swiss Watchmakers Sound Upbeat on US as Long as Stocks Last
Swiss Watchmakers Sound Upbeat on US as Long as Stocks Last Swiss watchmakers have recently found a glimmer of hope amid the looming threat of a new 39 percent U.S. tariff on luxury timepieces. Despite the potential setback, a surge in exports in July has provided a much-needed shield for Swiss watch brands, softening the […]
Smuggling Is the Latest Temptation for Wealthy US Travellers
Smuggling: The Temptation for Wealthy US Travellers High tariffs have always been a temptation for affluent travelers looking to bring back luxury goods from their trips abroad. The allure of saving on expensive items such as French gowns or Swiss watches by bypassing customs duties has led many to consider smuggling as a viable option. […]
Lululemon Slashes Annual Sales, Profit Forecasts Amid Demand, Tariff Woes
Lululemon Slashes Annual Sales, Profit Forecasts Amid Demand, Tariff Woes Lululemon Athletica Inc., a renowned athletic apparel retailer, recently stunned investors by slashing its annual sales and profit forecasts. The move came as a response to a combination of factors, including shifting consumer demand and concerns over tariffs. Following this announcement, shares of the company […]
Top UK Rolex Seller Rises as Outlook Eases Concern Over Tariffs
Top UK Rolex Seller Rises as Outlook Eases Concern Over Tariffs The UK’s leading Rolex seller is making waves in the luxury watch market as its shares surged on the back of robust trading performance in the first half of the fiscal year. With minimal tariff impact, the outlook for the company is looking brighter […]
Gap Drops After Tariffs’ Tolls and Athleta Weigh on Performance
Gap Drops After Tariffs’ Tolls and Athleta Weigh on Performance The retail industry is a battlefield where companies strive to stay ahead of the curve, but even the giants can stumble. San Francisco-based Gap Inc. is feeling the heat as tariffs take their toll and Athleta struggles to find its footing, causing a drop in […]