Peloton Projects Sales Decline and Will Cut Jobs in Turnaround Bid Peloton, the renowned New York-based fitness technology company, is facing a challenging period as it projects a sales decline and announces its decision to implement job cuts as part of a strategic turnaround bid. The company, which has garnered a significant following for its […]
Shopify Forecasts Quarterly Revenue Above Estimates on Resilient Demand
Shopify Forecasts Quarterly Revenue Above Estimates on Resilient Demand Shopify, the leading e-commerce platform, has recently announced its forecast for quarterly revenue, surpassing initial estimates. This surge in projected revenue comes in the face of prevailing concerns about tariffs and their impact on the retail sector. Despite the looming tariff-related anxiety, Shopify continues to experience […]
This Week: The Aftermath of Liberation Day 2.0
This Week: The Aftermath of Liberation Day 2.0 As the world braces itself for the impact of Trump’s tariffs finally taking effect on August 7th, the business landscape is experiencing a wave of uncertainty and apprehension. The long-anticipated implementation of these tariffs is set to disrupt global trade dynamics, leaving many industries scrambling to navigate […]
Mexico Raises Import Taxes on Online Purchases From Shein, Temu
Mexico Raises Import Taxes on Online Purchases From Shein, Temu In a move that has raised eyebrows and sparked discussions worldwide, Mexico has recently decided to increase import taxes on online purchases from popular Chinese e-commerce platforms like Shein and Temu. This decision comes as pressure mounts from the United States, signaling a shift in […]
P&G Signals Sluggish Annual Growth Amid Leadership Change, Tariffs
P&G Signals Sluggish Annual Growth Amid Leadership Change, Tariffs Procter & Gamble, a consumer goods giant, is currently navigating through a challenging period marked by sluggish annual growth projections. The company recently announced that it expects its earnings to fall largely below Wall Street estimates. This development comes in the wake of both internal and […]
US and EU Clinch Deal with 15% US Tariff on Most EU Exports to Avert Trade War
US and EU Reach Agreement: 15% Tariff on Most EU Exports to Avoid Trade War In a bid to de-escalate trade tensions and avoid a full-blown trade war between the United States and the European Union, a crucial agreement has been reached. Effective August 1, a 15% tariff will be imposed on a wide array […]
LVMH Slide Signals No Quick End to Big Luxury’s Malaise
LVMH Slide Signals No Quick End to Big Luxury’s Malaise The luxury industry has hit a rough patch, with LVMH, the sector bellwether, recently announcing a steep sales decline in its core fashion and leather goods division. This division is home to iconic brands like Louis Vuitton and Dior, making it a key indicator of […]
LVMH Fashion and Leather Goods Sales Fall 9 Percent
LVMH Fashion and Leather Goods Sales Fall 9 Percent The luxury fashion industry is facing challenging times as LVMH, the world’s largest luxury group, reported a 9 percent decline in sales for its Fashion and Leather Goods division. This news comes as part of a broader trend, with the group’s overall sales falling by 4 […]
The Executive Briefing: Gen-Z Blues, Quiet Sustainability and One Big Sneaker Deal
The Executive Briefing: Gen-Z Blues, Quiet Sustainability and One Big Sneaker Deal In the fast-paced world of business, staying informed about the latest trends and developments is crucial for success. This month, notable changes have taken place in various industries, signaling shifts in consumer preferences and market dynamics. From a significant merger in the sneaker […]
Opinion | When Will Luxury’s Perfect Storm Pass?
Opinion | When Will Luxury’s Perfect Storm Pass? The luxury sector has been facing turbulent times, with the pandemic wreaking havoc on consumer spending and global supply chains. However, according to Andrea Felsted, a seasoned industry expert, the storm may be closer to passing than initially anticipated. In her recent analysis, Felsted suggests that while […]