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 […]
Shein Profit Dropped Last Year, Further Challenging IPO, FT Says
Shein Profit Dropped Last Year, Further Challenging IPO, FT Says The fast-fashion industry has long been a competitive and ever-changing landscape. With trends evolving rapidly and consumer preferences shifting unpredictably, companies in this sector must constantly adapt to stay ahead. However, even the most prominent players in the market are not immune to challenges, as […]
Google expands Gemini AI models with cost-effective options
Google’s Latest AI Pricing Strategy Balances Affordability with Performance Google has always been at the forefront of innovation, especially when it comes to artificial intelligence. The tech giant’s latest move to expand its Gemini AI models with cost-effective options is a strategic decision aimed at maintaining a competitive edge in the market. By offering affordable […]
Rolex Hikes Watch Prices by as Much as 8% After Gold Surges
Rolex SA, the world’s preeminent luxury Swiss watch brand, has implemented substantial price increases on selected models due to a notable rise in gold prices. As of January 1, 2025, the Geneva-based manufacturer has raised prices by up to 8 percent on various models, particularly those constructed from precious metals. This strategic decision aligns with […]
The Era of Big Price Hikes Is Over, Giving Comfort to the Fed
In recent months, retailers across the United States have begun to recognize an essential shift in consumer behavior as they grapple with the consequences of price hikes imposed during the pandemic. Distinct from the inflationary pressures of the past, the current landscape reveals a growing consumer fatigue with persistent price increases, prompting businesses to recalibrate […]