Macy’s Cuts Annual Profit Forecast Amid Tariff Uncertainty Macy’s, the renowned American department store chain, recently made headlines by lowering its annual profit forecast. The reason behind this unexpected move? Tariff-related uncertainty and a sense of caution prevailing among consumers. This decision comes on the heels of Macy’s success in surpassing first-quarter net revenue estimates, […]
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 […]
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 […]
Luxury Retailer Canada Goose Withholds Annual Forecast on Tariff Uncertainty
Luxury Retailer Canada Goose Withholds Annual Forecast on Tariff Uncertainty Luxury retailer Canada Goose has recently made headlines by choosing to withhold its annual forecast due to ongoing uncertainty surrounding tariffs. This decision comes on the heels of the parka maker reporting strong quarterly sales, which resulted in a notable 13 percent increase in its […]
Shein to Set up Huge Vietnam Warehouse in US Tariff Hedge, Reuters Reports
Shein to Set up Huge Vietnam Warehouse in US Tariff Hedge, Reuters Reports The global retail landscape is constantly shifting, with companies adapting to the ever-changing environment in novel ways. One such company making strategic moves is Shein, the fast-fashion e-tailer that has taken the fashion world by storm. In a bid to mitigate the […]
Shein’s London IPO Stalled Amid US Tariff Fallout
Shein’s London IPO Stalled Amid US Tariff Fallout Shein, the fast-fashion giant known for its trendy and affordable clothing, has hit a roadblock in its plans to go public. Progress on the company’s initial public offering (IPO) for a listing in London has come to a halt, according to a report by Bloomberg. The reason […]
AI chip restrictions and tariffs weigh on Samsung’s global strategy
AI Chip Restrictions and Tariffs Pose Challenges for Samsung’s Global Strategy In recent years, trade tensions have been escalating, prompting concerns across the global electronics industry. One of the major players feeling the impact of these tensions is Samsung, a leading technology company known for its cutting-edge innovations. With the rise of artificial intelligence (AI) […]
Trump and tech: After 100 days
Trump and Tech: After 100 Days Against the backdrop of the first 100 days of the new US administration, experts gathered during a Diplo event to assess the shifting terrain of global digital governance. The intersection of technology and politics has always been a complex and evolving landscape, but under the Trump administration, the dynamics […]
100-day gift: Trump signs order rolling back some auto tariffs amid investor concerns
100-Day Gift: Trump Signs Order Rolling Back Some Auto Tariffs Amid Investor Concerns In a major relief to automakers, U.S. President Donald Trump has pulled back part of the auto tariffs imposed on imports, marking a significant shift in trade policy. The decision comes as a 100-day gift to the industry and has sparked both […]