Watches of Switzerland Warns US Tariffs to Weigh on Margin The renowned UK-based luxury watch retailer, Watches of Switzerland, recently sounded the alarm regarding the potential impact of US tariffs on its profit margins. The company disclosed that its margin on earnings before interest and taxes (EBIT) could face a decline of up to 100 […]
Infosys chairman warns of global risks from tariffs and AI
Navigating the Perfect Storm: Infosys Chairman Warns of Global Risks from Tariffs and AI At the recent Infosys Annual General Meeting (AGM), Chairman Nandan Nilekani delivered a stark warning to global businesses. In his address, Nilekani highlighted the pressing need for companies to navigate what he termed a ‘perfect storm’ of challenges arising from the […]
This Week: Fashion Tries to Ignore the News
Fashion Industry’s Political Neutrality Tested as Retail Sales and Trade Talks Shape Future In a world where politics and fashion have become increasingly intertwined, the fashion industry’s newfound stance of political neutrality is now facing a critical test. As the week unfolds, the industry is striving to divert its focus from the tumultuous news cycle […]
Swiss Watch Exports Jump in April Ahead of Threatened US Tariffs
Swiss Watch Exports Surge in April Amid Looming US Tariffs Swiss watch exports to the US experienced a notable upswing in April, propelled by a surge in shipments preceding the looming threat of tariff increases. The timepiece industry, renowned for its precision, craftsmanship, and timeless appeal, has been navigating challenges amidst the global economic landscape. […]
Massive cargo ship runs aground in Norway after officer falls asleep at helm
Massive Cargo Ship Runs Aground in Norway After Officer Falls Asleep at Helm In what can be termed as a bizarre incident, a Norwegian man woke up to a situation straight out of a nightmare. A massive cargo ship, the Eemslift Hendrika, found itself in distress off the coast of Norway after the officer on […]
This Week: Liberation Day’s Long Tail
This Week: Liberation Day’s Long Tail As the business world continues to navigate the complexities of global trade, recent developments have shed light on the potential for positive changes in the retail industry. With more retailers releasing their earnings reports, a common thread has emerged – the hope for countries to follow in China’s footsteps […]
The Tactics Small Brands Are Using to Navigate Tariffs
Navigating Tariffs: Strategies Small Brands Are Using to Overcome Global Trade Uncertainty In the current landscape of global trade uncertainty, small independent brands with a solid customer base in the United States are facing unprecedented challenges. The imposition of tariffs on various goods has forced these businesses to reassess their approaches to pricing, production, warehousing, […]
The Tariff-Proof International Expansion Playbook
The Tariff-Proof International Expansion Playbook In the ever-changing landscape of global trade, the specter of tariffs looms large, casting a shadow of uncertainty over businesses that rely on international supply chains. As the impact of tariffs on the industry sets in, a few American brands are taking proactive steps to mitigate risks and explore new […]
Temu, Shein See US Sales Drop in Week After Tariff Price Hikes
Temu and Shein Experience Decline in US Sales Following Tariff Price Increases Fashion retail giants Temu and Shein have recently faced a significant setback in the US market. According to the latest reports, Shein witnessed a notable 23 percent decline in US sales, while Temu experienced a 17 percent drop during the week spanning from […]
Italian Fashion Group OTB Assessing Extent of Price Hikes in US
Italian Fashion Group OTB Assessing Extent of Price Hikes in US Italian fashion conglomerate OTB, the proud owner of iconic brands such as Diesel, Jil Sander, and Maison Margiela, is currently in the midst of evaluating the potential impact of looming trade tariffs on its US market prices. CEO Ubaldo Minelli recently disclosed this strategic […]