Tag: retail

China Responds with 125% Tariff on U.S. Imports

China will raise tariffs on U.S. goods to 125% starting Saturday, up from the previously announced 84%, the countryโ€™s finance ministry said on Friday....

Luxury Market Shakeup: Prada Acquires Versace for $1.4B

Milan:ย Italian fashion house Prada announced on Thursday that it has finalized an agreement with US group Capri Holdings to purchase its flamboyant rival, Versace,...

Uniqlo Drives Fast Retailing Profit Growth in FY25

During this period, Fast Retailing reported consolidated revenue of JPY 1.79 trillion ($12.28 billion), with an operating profit of JPY 304.22 billion. This marks...

Most U.S. Tariffs Paused; China Tariffs Increased to 125%

Shortly after the implementation of higher reciprocal tariffs on numerous U.S. trading partners, President Donald Trump announced a 90-day suspension of these tariffs, excluding...

New Trump Tariffs: Major Impact on US Fashion Brands

Executives anticipated President Trumpโ€™s recent tariff announcement on April 2 would be damaging, but the reality turned out to be significantly worse than expected. The...

Europe Sees 37% Rise in Livestream Shopping, Fashion Leads

Livestream platforms are drawing in a diverse array of buyers, with apparel being the most sought-after category; 31 percent of buyers purchase clothing during...

NCTO’s Strong Support for Trump’s Reciprocal Tariff Plan

The National Council of Textile Organizations (NCTO) has voiced strong support for President Donald Trumpโ€™s recently unveiled reciprocal tariff plan, which aims to rebalance...

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from up to 5 devices at once

Must read