Puma Faces Stock Plunge Following Bleak Projections, Tariff Turmoil On The Horizon German sportswear giant Puma recently sent shockwaves through the market as its shares plummeted by a staggering 18 percent. The catalyst for this significant dip in stock value? An ominous warning from the company regarding its anticipated full-year performance, a forecast marred by […]
After US Tariffs, Jobs Hang by a Thread in Bangladesh’s Garments Sector
After US Tariffs, Jobs Hang by a Thread in Bangladesh’s Garments Sector The recent imposition of a 35 percent tariff by the United States has sent shockwaves through Bangladesh’s garments sector, leaving many workers fearing for their jobs. This move not only threatens the country’s main export industry but also puts the livelihoods of millions […]
Watches of Switzerland Warns US Tariffs to Weigh on Margin
Watches of Switzerland Warns US Tariffs to Weigh on Margin The renowned UK-based luxury watch retailer, Watches of Switzerland, recently sounded the alarm regarding the potential impact of US tariffs on its profit margins. The company disclosed that its margin on earnings before interest and taxes (EBIT) could face a decline of up to 100 […]
Swiss Watch Exports Slump in May as US Tariffs Shake Market
Swiss Watch Exports Experience a Downturn in May Amidst US Tariffs Turmoil Switzerland, renowned for its precision and luxury in watchmaking, has recently faced a significant setback in its watch export industry. The latest reports reveal a slump in Swiss watch exports in May, with a notable decline in shipments to the United States, the […]
Victoria’s Secret Turnaround Takes Hit on Quarterly Forecast Miss
Victoria’s Secret Turnaround Takes Hit on Quarterly Forecast Miss Victoria’s Secret, the renowned lingerie brand, has been facing a challenging time as it struggles to make a turnaround under the leadership of CEO Hillary Super. Despite her efforts, the company’s first year under her helm has been marred by various external factors that have posed […]
China’s Temu and Shein Want to Crack Europe, But the US Is Too Big to Quit
China’s Temu and Shein Want to Crack Europe, But the US Is Too Big to Quit Chinese e-commerce giants, Temu and Shein, are setting their sights on expanding into the European market. This strategic move comes in response to the looming threat of potential US tariffs, prompting these companies to explore new territories and diversify […]
Swiss Watch Exports Jump in April Ahead of Threatened US Tariffs
Swiss Watch Exports Surge in April Amid Looming US Tariffs Swiss watch exports to the US experienced a notable upswing in April, propelled by a surge in shipments preceding the looming threat of tariff increases. The timepiece industry, renowned for its precision, craftsmanship, and timeless appeal, has been navigating challenges amidst the global economic landscape. […]
UK’s JD Sports Falls on Lower Sales, US Tariffs Warning
UK’s JD Sports Sees Decline in Sales Amid US Tariff Concerns UK-based sportswear giant JD Sports recently found itself facing a challenging start to the year as it reported a 2 percent drop in first-quarter sales. This unexpected decline has raised concerns not only within the company but also across the retail industry as a […]
Shein to Set up Huge Vietnam Warehouse in US Tariff Hedge, Reuters Reports
Shein to Set up Huge Vietnam Warehouse in US Tariff Hedge, Reuters Reports The global retail landscape is constantly shifting, with companies adapting to the ever-changing environment in novel ways. One such company making strategic moves is Shein, the fast-fashion e-tailer that has taken the fashion world by storm. In a bid to mitigate the […]
Jeweller Pandora Trims 2025 Profitability Guidance, Warns of US Tariff Impact
Pandora, the renowned jeweler known for its exquisite charm bracelets, has recently made headlines by adjusting its profitability guidance for the year 2025. The company, which has been a staple in the jewelry industry for years, is now expecting a profit margin of around 24 percent, a slight decrease from its initial estimate of 24.5 […]