Victoria’s Secret Turnaround Takes Hit on Quarterly Forecast Miss Victoria’s Secret, the renowned lingerie brand, has been facing a challenging time as it struggles to make a turnaround under the leadership of CEO Hillary Super. Despite her efforts, the company’s first year under her helm has been marred by various external factors that have posed […]
Boris Bidjan Saberi Is Shutting Down Operations
Boris Bidjan Saberi Is Shutting Down Operations In a surprising turn of events, the eponymous Barcelona-based avant-garde menswear label, Boris Bidjan Saberi, has confirmed that it has ceased operations. This news has sent shockwaves through the fashion industry, leaving many wondering about the reasons behind this unexpected decision. Boris Bidjan Saberi, known for its distinctive […]
TSMC threatens to scale back Arizona fabs over US chip tariffs
TSMC Considers Scaling Back Arizona Fabs Due to US Chip Tariffs Taiwan Semiconductor Manufacturing Company (TSMC), a global leader in semiconductor manufacturing, has recently voiced concerns about potentially scaling back its ambitious $165 billion investment plan in Arizona. This decision comes as a response to the looming threat of import taxes on chips, a move […]
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 […]
This Week: Is Burberry’s Turnaround a Go?
Is Burberry’s Turnaround Finally Gaining Momentum? Burberry, the iconic British luxury brand, has been on a mission to revive its image and regain its position at the top of the fashion world. After facing several challenges in recent years, from changing consumer preferences to the economic impact of the pandemic, Burberry is now gearing up […]
AMD faces a $1.5 billion loss from US chip curbs
AMD Faces a $1.5 Billion Loss from US Chip Curbs Advanced Micro Devices (AMD) has found itself in the crosshairs of US tariffs targeting its China chip sales, potentially leading to a substantial $1.5 billion loss for the company. The semiconductor giant has been navigating choppy waters due to geopolitical tensions and trade restrictions, which […]
Coty Cuts Annual Profit Forecast
Coty Cuts Annual Profit Forecast: What’s Next for the Beauty Giant? Coty, the global beauty company known for its wide range of cosmetic and fragrance brands, recently announced a downward revision of its annual profit forecast. The news sent ripples through the market, with the company’s shares falling about 2 percent in extended trading. This […]
European drought crisis escalates amid heat and low rainfall, says JRC
European Drought Crisis Intensifies in 2025: A Looming Threat to the Continent Amidst the sweltering heat and meager rainfall, Europe finds itself in the grips of a severe drought crisis. According to the Joint Research Centre (JRC), the situation has escalated significantly in 2025, painting a grim picture of shrinking rivers, parched soils, and soaring […]
Tariffs stall US humanoid robots push as China dominates rare earth supplies
Tariffs Stall US Humanoid Robots Push as China Dominates Rare Earth Supplies Trade tensions overshadow the industry’s supply chains as the US pushes to lead the next generation of humanoid robots. The race to dominate the market for these advanced machines has been hindered by tariffs and China’s stronghold on rare earth supplies. Humanoid robots […]
Unilever to Shutter Ren Skincare Business
Unilever to Shutter Ren Skincare Business Unilever, a major player in the consumer goods industry, recently announced its decision to close down its Ren Skincare business. This move comes as a surprise to many, considering Ren Skincare’s popularity among consumers for its natural and sustainable products. The decision to shut down Ren Skincare was not […]