Mytheresa Reports Slower Sales Growth Mytheresa, the renowned German e-tailer, has been navigating through a period of slower sales growth, facing challenges that have put its ability to outperform the broader luxury market to the test. Despite its aspirations to solidify its position as a leader in online luxury retail, the company encountered uncertainty in […]
Kering Facing Drop in US Consumption, CEO says
Kering Facing Drop in US Consumption, CEO says Kering, the luxury fashion conglomerate and owner of renowned brands like Gucci, Balenciaga, and Saint Laurent, is currently navigating through a challenging period as the company grapples with a significant decrease in consumption in the United States. The chief executive of Kering, Francois-Henri Pinault, recently highlighted the […]
Tether plans US-based stablecoin launch by 2025
Tether Plans US-Based Stablecoin Launch by 2025 Tether, one of the leading names in the cryptocurrency world, is gearing up for a significant move by planning the launch of a US-based stablecoin by the year 2025. This development marks a notable shift for Tether, known for its international array of products, as it sets its […]
Italian Fashion Group OTB Assessing Extent of Price Hikes in US
Italian Fashion Group OTB Assessing Extent of Price Hikes in US Italian fashion conglomerate OTB, the proud owner of iconic brands such as Diesel, Jil Sander, and Maison Margiela, is currently in the midst of evaluating the potential impact of looming trade tariffs on its US market prices. CEO Ubaldo Minelli recently disclosed this strategic […]
As Trump Moves to Tax Small Parcels, Some Retailers Give Up on US
Small Parcels Tax: How Retailers are Adapting to Trump’s Policy Change In recent times, the landscape of international retail has been undergoing significant shifts, largely due to the policies put in place by governments worldwide. One such policy change that has been making waves is the removal of de minimis, a regulation that exempts small […]
Primark Committed to US Expansion Despite Tariff Uncertainty, Says Boss
Primark’s Bold Move: 60 US Stores by 2026 Amid Tariff Uncertainty In the realm of fast-fashion retail, Primark has solidified its position as a key player, known for its trendy yet affordable clothing options. Despite the looming uncertainty of tariffs and trade tensions, George Weston, the chief executive of AB Foods – Primark’s parent company […]
Lacoste Ups Its US Ambitions With New York Flagship
Lacoste Ups Its US Ambitions With New York Flagship French sportswear brand Lacoste is making bold moves to strengthen its presence in the United States with the launch of a new flagship store in New York City. This strategic decision comes as part of Lacoste’s broader plan to drive sales growth in the US, a […]
US Raises Charges on Small Parcels, Targeting Chinese Retailers
US Raises Charges on Small Parcels, Targeting Chinese Retailers In a recent move by President Trump, tariffs on small parcels that were previously exempt from taxes have been raised significantly to 90 percent. This decision has sent shockwaves through the retail industry, especially impacting Chinese retailers who heavily rely on shipping small parcels to the […]
Trump’s 25% tariff triggers Audi, Jaguar Land Rover, Stellantis to halt US shipments
Trump’s 25% Tariff Forces Audi, Jaguar Land Rover, Stellantis to Halt US Shipments The automotive industry is currently facing a significant challenge due to the recent implementation of a 25% tariff by the Trump administration. This decision has forced major car manufacturers, including Audi, Jaguar Land Rover, and Stellantis, to take drastic measures to navigate […]
Hugo Boss Warns of Weaker Demand in US and China, Risks From Tariffs
Hugo Boss Warns of Weaker Demand in US and China, Risks From Tariffs Hugo Boss, the renowned fashion house, has recently issued a cautionary statement regarding a potential dip in consumer demand in key markets such as the United States and China. The company, known for its high-end apparel and accessories, highlighted concerns about the […]