Fashion Sourcing Countries Hit by Even More Tariff Uncertainty In the fast-paced world of fashion sourcing, uncertainties can send ripples through the industry, affecting countries and companies alike. This week’s round-up of global markets fashion business news sheds light on the challenges faced by key players in the supply chain. From Japanese resale giant Valuence […]
Macy’s Cuts Annual Profit Forecast Amid Tariff Uncertainty
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, […]
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 […]
Lululemon Tumbles as Tariff Uncertainty, Weak Demand Hit Forecasts
Lululemon Athletics Faces Stock Plunge Amid Tariff Uncertainty and Weak Demand Lululemon Athletics, the renowned athletic apparel retailer, is experiencing a significant downturn in its stock value. The company recently released downbeat annual forecasts, causing its shares to tumble by almost 13 percent during premarket trading on Friday. This sudden drop has set off alarm […]