Italy’s Golden Goose Rules Out IPO This Year, Sees Limited Impact From Tariffs Italy’s renowned luxury sneaker brand, Golden Goose, has recently announced its decision to defer its Initial Public Offering (IPO) this year. Despite this delay, the company continues to hold a positive outlook on the prospect of a future market listing, indicating that […]
US delays 50% tariff on EU imports until July
US Delays 50% Tariff on EU Imports Until July The recent decision by the United States to postpone the imposition of a 50% tariff on imports from the European Union has brought a sigh of relief to businesses on both sides of the Atlantic. Talks on US-EU trade tariffs will resume, with a new deadline […]
Trump Extends Deadline for 50% Tariffs on EU Goods to July 9
Trump Extends Deadline for 50% Tariffs on EU Goods to July 9 In recent developments on the trade front, President Donald Trump has made a significant decision to extend the deadline for imposing 50% tariffs on EU goods until July 9. This move comes following a reportedly positive phone call between Trump and the President […]
This Week: Three Questions for Retailers
This Week: Three Questions for Retailers As companies gear up to report their quarterly results, investors are keeping a keen eye on several key factors that could significantly impact the retail sector. From the latest trends in sneakers and lipstick to the lingering effects of tariffs, there are three pressing questions that retailers will need […]
E.l.f. Beauty Announces $1 Price Hike, Citing Inflation and Tariffs
E.l.f. Beauty Announces $1 Price Hike, Citing Inflation and Tariffs E.l.f. Beauty, known for its affordable yet quality makeup products, has recently announced that it will be implementing a $1 price increase across its range of cosmetics starting in August. This decision comes as a response to the challenges posed by inflation and tariffs, which […]
Trump says no to India: Demands Apple build iPhones in US or face 25% tariff
Trump says no to India: Demands Apple build iPhones in US or face 25% tariff In April, Apple chartered flights to ferry over 600 tons of iPhones from India to various locations across the globe. The tech giant’s reliance on international manufacturing for its iconic products has long been a point of contention, with critics […]
Trump’s Tariffs Hit European Luxury Industry, Shares Tank
Trump’s Tariffs Hit European Luxury Industry, Shares Tank The recent announcement by President Trump recommending the imposition of 50 percent tariffs on all goods from the European Union starting June 1 has sent shockwaves through the European luxury industry. Stocks of renowned luxury groups such as LVMH and Hermès took a hit following the news, […]
Hoka, Uggs Owner Deckers Declines to Provide Fiscal Outlook Due to Tariff Uncertainty
Deckers, the parent company of popular shoe brands like Hoka One One and UGG, has been making strides in the footwear industry with a 6.5 percent increase in net sales in the first quarter of this fiscal year. The surge in sales can be attributed to the growing demand for Hoka footwear, known for its […]
Adidas, Puma Expected to Hike Sportswear Prices Following Nike as US Tariffs Hit
Adidas and Puma Gear Up to Follow Nike’s Lead in Sportswear Price Hikes In the wake of Nike’s recent announcement regarding the increase in prices due to the impact of US tariffs, competitors Adidas and Puma are now poised to make similar moves. The sporting goods industry has been closely watching Nike’s bold decision, with […]
VF Rushing US Imports to Beat Tariffs, Outlook Miss Sinks Shares
VF Rushing US Imports to Beat Tariffs, Outlook Miss Sinks Shares The recent news of VF Corporation, the parent company of popular brands like Timberland and Vans, rushing to increase imports into the US to beat impending tariffs has sent ripples through the business world. This strategic move comes on the heels of the company […]