Farm Rio Adjusts Strategy Amid Rising Costs and Tariffs The renowned Brazilian fashion company, Farm Rio, celebrated for its vibrant and eclectic designs sported by celebrities like Beyoncé and Justin Bieber, is facing a challenging predicament. In response to escalating costs and the impact of tariffs, the brand has announced a strategic shift that involves […]
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 […]