The News In Brief
US Raises Charges on Small Parcels, Targeting Chinese Retailers
President Trump has raised tariffs on small parcels that were until now exempt from taxes to 90 percent.
Fast Retailing Expected to Post 14% Jump in Q2 Profit as Tariffs Loom
The Japanese parent of Uniqlo is expected to post another quarter of strong earnings on Thursday, but the focus will be on how the firm navigates a trade environment thrown into disarray by new US tariffs.
Chinese Duty-Free Stocks Surge on Boost From Tariff Tensions
China Tourism Group Duty Free Corp. shares rose as much as 28 percent in Hong Kong and Hainan Haiqi Transportation Group Co. surged by the 10 percent daily limit on the mainland.
US Forges Ahead With 104% Tariffs on China, Says Willing to Talk to Other Countries
The heightened duties will take effect shortly after midnight, in sharp contrast to the talks that have begun between the Trump Administration and other trading partners.
‘A True Trailblazer’: Designer Perri Cutten Remembered for Her Enduring Mark on Australian Fashion
Cutten launched her eponymous label in 1981, representing ‘ambition and success’, and remains one of David Jones’s most beloved brands today.
Report: China Advises Shein Against Shifting Supply Chain
The fast-fashion retailer is facing opposition from the Chinese government over its plans to shift some production out of the country, Bloomberg News reported on Tuesday.
Levi Strauss Beats Quarterly Sales Estimates on Steady Denim Demand
The denim brand posted a 3 percent rise in reported quarterly revenue, exceeding analysts’ expectations of a 1 percent loss.
Ulta Beauty Pauses Target Shop-in-Shop Openings
The beauty retailer will instead focus on 'optimising' its existing 610 locations, said CEO Kecia Steelman at an investors event.
LVMH Names New CEOs at Fendi, Louis Vuitton China and Kenzo
The executive reshuffle sees Ramon Ros at Fendi's helm, Charlotte Coupé as CEO of Kenzo and Daniel DiCicco as Louis Vuitton's regional president for Mainland China.
Marriott, Hilton Stoke High-End Africa Hotel and Resort Boom
High-net-worth individuals developing hotels for the first time are also driving growth in upscale and luxury projects because ‘they want bragging rights and they want to be seen at that level,’ he said.
Trump Officials Quietly Move to Reverse Bans on Toxic ‘Forever Chemicals’
The Environmental Protection Agency is beginning to change how it carries out chemical risk evaluations, in a move that could reverse a ban toxic chemicals in consumer products.
Apparel Manufacturing Countries Seek to Negotiate With Trump on Tariffs
Asian manufacturing hubs for fashion and footwear including Vietnam, Indonesia, Cambodia and India have said they won’t retaliate against Trump’s tariffs and are willing to make concessions.