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The News In Brief

Retail

Tariff Refunds Have Started Being Paid by Trump Administration

Refunds for the $166 billion in global tariffs that the US Supreme Court declared unlawful earlier this year have started hitting importers’ bank accounts.

Retail

Tariff Refunds Have Started Being Paid by Trump Administration

Refunds for the $166 billion in global tariffs that the US Supreme Court declared unlawful earlier this year have started hitting importers’ bank accounts.


Beauty

Edgewell Results Beat Estimates, Warn of Inflation Pressure

The US owner of Schick and Hawaiian Tropic, which recently divested its feminine care division, reported strong performance for grooming brand Cremo.

Beauty

Edgewell Results Beat Estimates, Warn of Inflation Pressure

The US owner of Schick and Hawaiian Tropic, which recently divested its feminine care division, reported strong performance for grooming brand Cremo.


Retail

Old Navy Appoints Retail Veteran Michael Francis as Chief Customer Officer

The former Target executive will join the Gap Inc.-owned brand in a newly created role.

Retail

Old Navy Appoints Retail Veteran Michael Francis as Chief Customer Officer

The former Target executive will join the Gap Inc.-owned brand in a newly created role.


Retail

Next Lifts Outlook as Strong Sales Offset Higher Iran Costs

Estimated costs related to the conflict in the Middle East tripled, with the UK retailer planning to mitigate them through measures including raising prices.

Retail

Next Lifts Outlook as Strong Sales Offset Higher Iran Costs

Estimated costs related to the conflict in the Middle East tripled, with the UK retailer planning to mitigate them through measures including raising prices.


Beauty

Coty Reinstates Annual Profit Target, Warns of Middle East Challenges

The beauty company’s net loss grew as it continued a strategic review of its portfolio.

Beauty

Coty Reinstates Annual Profit Target, Warns of Middle East Challenges

The beauty company’s net loss grew as it continued a strategic review of its portfolio.


Luxury

Hugo Boss Tops Quarterly Profit Estimates Despite Geopolitical Uncertainty

While the company said it had a strong start to the year, CEO Daniel Grieder said the turmoil in the Middle East was creating a more challenging environment.

Luxury

Hugo Boss Tops Quarterly Profit Estimates Despite Geopolitical Uncertainty

While the company said it had a strong start to the year, CEO Daniel Grieder said the turmoil in the Middle East was creating a more challenging environment.


Creative Class

Gap Co-Founder Doris Fisher Dies at 94

Under Fisher’s guidance, The Gap grew from a single San Francisco storefront into a global $16 billion business.

Creative Class

Gap Co-Founder Doris Fisher Dies at 94

Under Fisher’s guidance, The Gap grew from a single San Francisco storefront into a global $16 billion business.


Retail

Amazon Opens Up Its Logistics Network to Other Businesses in Growth Push

Amazon Supply Chain Services will allow companies to tap the tech giant's freight network to move, store and deliver ​everything from ⁠raw materials to final products.

Retail

Amazon Opens Up Its Logistics Network to Other Businesses in Growth Push

Amazon Supply Chain Services will allow companies to tap the tech giant's freight network to move, store and deliver ​everything from ⁠raw materials to final products.


Beauty

Mcobeauty Parent Company Appoints Global CEO

Australian beauty company DBG Health, parent of popular dupe brand MCo Beauty, has appointed former Stila chief executive Michelle Kluz as its global CEO.

Beauty

Mcobeauty Parent Company Appoints Global CEO

Australian beauty company DBG Health, parent of popular dupe brand MCo Beauty, has appointed former Stila chief executive Michelle Kluz as its global CEO.


Global Markets

OPEC+ Set to Agree Third Oil Output Quota Hike Since Hormuz Closure

OPEC+ is set to agree on Sunday to a modest oil output hike, but the increase will remain largely on paper as long as the US-Iran war continues to disrupt Gulf oil supplies, sources told Reuters.

Global Markets

OPEC+ Set to Agree Third Oil Output Quota Hike Since Hormuz Closure

OPEC+ is set to agree on Sunday to a modest oil output hike, but the increase will remain largely on paper as long as the US-Iran war continues to disrupt Gulf oil supplies, sources told Reuters.


Beauty

Adwoa Beauty to Enter Liquidation

A Texas court ruled that the hair-care label’s bankruptcy filing be converted to Chapter 7.

Beauty

Adwoa Beauty to Enter Liquidation

A Texas court ruled that the hair-care label’s bankruptcy filing be converted to Chapter 7.


Beauty

Coty’s Perfume Business Takes Another Knock With David Beckham Fragrance Lawsuit

The US beauty firm is facing a lawsuit from the company behind former football star David Beckham’s eponymous fragrance for alleged material breaches of the license agreement, court documents show.

Beauty

Coty’s Perfume Business Takes Another Knock With David Beckham Fragrance Lawsuit

The US beauty firm is facing a lawsuit from the company behind former football star David Beckham’s eponymous fragrance for alleged material breaches of the license agreement, court documents show.