Tag: Footwear

LVMH Q1 Reports Revenue Decline Amidst Regional Challenges

The French luxury conglomerate LVMH Moët Hennessy Louis Vuitton has reported a revenue of €20.3 billion (~$21.75 billion), reflecting a 3% organic decline year-over-year...

77% of Adults in UK Plan to Drop Fashion Spending in 2025

A substantial number of residents in the UK are planning to cut back on their spending for fashion items like clothing and footwear in...

UK’s Frasers Group & Accent Unite to Grow Sports Direct ANZ

Frasers Group ("Frasers" or "the Group") has announced a strategic long-term retail partnership with Accent Group to launch and operate Sports Direct in Australia...

Textile and Footwear Sector in Nigeria Continues Decline

Nigeria's textile, garment, and footwear industry experienced an 8.1% decline, dropping to N1.224 trillion (~$764.6 million) in 2024, down from N1.332 trillion ($835.28 million)...

Tariff Pause: US Fashion Sector Calls for Stability

On April 9, U.S. President Donald Trump announced a comprehensive 90-day suspension of the "reciprocal" tariffs, effective immediately at midnight; however, he did not...

India Terminates Bangladesh Export Transshipment Facility

New Delhi: The Indian government has officially terminated the trans-shipment facility that permitted export cargo from Bangladesh to third countries via Indian land customs stations,...

Cambodia Cuts U.S. Tariffs Amid Trade Tensions By Trump

Last week, Cambodian Prime Minister Hun Manet announced a substantial reduction in tariffs on products imported from the United States. Specifically, Cambodia reduces U.S....

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