Retailer Temu’s Daily US Users Halve Following End of ‘De Minimis’ Loophole The landscape of e-commerce is in a state of constant flux, with regulations and loopholes playing a significant role in shaping the way businesses operate. The recent closure of the ‘De Minimis’ loophole has had a profound impact on the US-based users of […]
LVMH Has Room to Raise Prices 2-3%, LVMH Deputy CEO Says
LVMH Has Room to Raise Prices 2-3%, LVMH Deputy CEO Says In the dynamic world of luxury goods, pricing strategies play a crucial role in maintaining brand exclusivity and driving profitability. Recently, Deputy CEO Stephane Bianchi of LVMH, the renowned luxury conglomerate, made an intriguing statement regarding the company’s pricing power. Bianchi expressed confidence that […]
Global Retailers’ Tariff Strategy Risks Spreading Pain Beyond US Consumer
Global Retailers’ Tariff Strategy Risks Spreading Pain Beyond US Consumer The recent wave of tariffs imposed on imports by the United States has sent shockwaves through the global retail industry. With brands like Birkenstock and Pandora considering raising prices in markets outside the US to offset the impact of these tariffs, the implications of this […]
Shein Lowers Prices to Lure Back US Shoppers After Tariff Cut
Shein Slashes Prices to Win Back US Shoppers Post Tariff Reduction Shein, the Chinese fast-fashion giant, has taken a strategic step to win back its US customers by lowering its retail prices. This decision comes on the heels of a temporary reduction in US tariffs on Chinese imports, allowing Shein to pass on the cost […]
Tariff tensions flare over Amazon price display
Tariff Tensions Flare Over Amazon Price Display The recent escalation of tariff tensions is sending shockwaves through the business world, particularly in the realm of online retail. Amazon, the e-commerce giant, finds itself at the center of this storm as experts warn that tariffs could drive inflation as companies adjust prices and outlooks. The impact […]
Shein Hikes US Prices Ahead of Tariff Increases
Shein Hikes US Prices Ahead of Tariff Increases Shein, the popular online fashion retailer known for its trendy and affordable clothing options, has recently made a bold move by increasing prices for its products in the United States. This strategic decision comes ahead of anticipated tariff increases, aiming to offset potential financial impacts and maintain […]
P&G Lowers Sales Guidance on ‘Volatile’ Market Conditions
P&G Lowers Sales Guidance on ‘Volatile’ Market Conditions Procter & Gamble (P&G), a leading manufacturing company renowned for its wide range of consumer goods, has recently announced a revision in its sales guidance due to what it terms as ‘volatile’ market conditions. This decision comes on the heels of a 1 percent increase in prices […]
Capri Aims to Revive Michael Kors With Lower Prices, Amazon E-Commerce Sales
Capri Holdings, the parent company of renowned fashion brands such as Michael Kors and Versace, is set to make a strategic shift in its business approach. Following the sale of Versace to Prada, Capri Holdings is now focusing on revitalizing Michael Kors by targeting mid-tier pricing and embracing e-commerce through a partnership with Amazon. This […]
Trump Signs Order Ending Duty-Free Treatment for Cheap Shipments From China
Trump Signs Order Ending Duty-Free Treatment for Cheap Shipments From China In a bold move aimed at leveling the playing field for American businesses, President Trump recently signed an order to close the trade loophole known as “de minimis.” This loophole has long been exploited by companies like Temu and Shein, allowing them to benefit […]
Mango Adapting to US Tariffs, CEO Says
Mango CEO Toni Ruiz Stands Firm Against US Tariffs, Vows to Maintain Prices Mango, the renowned Spanish fashion retailer, is facing the heat of the US tariffs. However, CEO Toni Ruiz has boldly declared that the company has no intention of raising prices to counteract the tariff effects. This strategic decision, although potentially detrimental to […]