Court Lets Trump Halt Tariff Exemption for Low-Cost Goods
In a decision on Thursday, a US trade court refused to disturb executive orders that lifted the ‘de minimis’ exemption for goods with a retail value of $800 or less.
stores
Workplace & Talent
How to Win Back Employees Who Quit During the Pandemic
Scores of people who quit their jobs during the pandemic are open to giving their former employers a second chance. But winning these workers back requires a bit of extra effort.
How to Win Back Employees Who Quit During the Pandemic
Scores of people who quit their jobs during the pandemic are open to giving their former employers a second chance. But winning these workers back requires a bit of extra effort.
News & Analysis
The State of Fashion: Technology — Download the Special Edition
The special edition of The State of Fashion report by The Business of Fashion and McKinsey & Company explores the great tech acceleration gripping the industry. Download the full report to understand the key imperatives that are spurring top brands and retailers to ramp up investments in technologies from AI to blockchain, to both address pain points and boost their competitive edge.
The State of Fashion: Technology — Download the Special Edition
The special edition of The State of Fashion report by The Business of Fashion and McKinsey & Company explores the great tech acceleration gripping the industry. Download the full report to understand the key imperatives that are spurring top brands and retailers to ramp up investments in technologies from AI to blockchain, to both address pain points and boost their competitive edge.
Topics
Walmart Launches Love & Sports, a New Activewear Brand
The Love & Sports line, led by SoulCycle master instructor Stacey Griffith and former Milly designer Michelle Smith, was two years in the making.
Walmart Launches Love & Sports, a New Activewear Brand
The Love & Sports line, led by SoulCycle master instructor Stacey Griffith and former Milly designer Michelle Smith, was two years in the making.
Partner Content
Nurturing a Growth Mindset at Neiman Marcus Group
The Neiman Marcus Group has reinvented its company culture to drive its technological transformation and revolutionise luxury retail experiences.
Nurturing a Growth Mindset at Neiman Marcus Group
The Neiman Marcus Group has reinvented its company culture to drive its technological transformation and revolutionise luxury retail experiences.
Global Markets
SM Investments Sustains Online Push as Filipinos Return to Malls
While store visits and mall traffic have increased with economic reopening, SM Investments will still develop its online retail platform as e-commerce will “grow even more,” chief executive Frederic DyBuncio told shareholders on Wednesday.
SM Investments Sustains Online Push as Filipinos Return to Malls
While store visits and mall traffic have increased with economic reopening, SM Investments will still develop its online retail platform as e-commerce will “grow even more,” chief executive Frederic DyBuncio told shareholders on Wednesday.
China
China’s ‘Zero-Covid’ Policy Poses Renewed Threat to Luxury
Shanghai’s current lockdown will eventually end but a new outbreak in Beijing and no end to the country’s rigid pandemic strategy suggest retail disruptions are likely elsewhere.
China’s ‘Zero-Covid’ Policy Poses Renewed Threat to Luxury
Shanghai’s current lockdown will eventually end but a new outbreak in Beijing and no end to the country’s rigid pandemic strategy suggest retail disruptions are likely elsewhere.
Retail
Primark to Raise Prices as Cost Pressures Mount
The group said Primark has been unable to fully offset the cost pressures it is facing with savings and so will implement selective price increases across some of its Autumn/Winter stock from August.
Primark to Raise Prices as Cost Pressures Mount
The group said Primark has been unable to fully offset the cost pressures it is facing with savings and so will implement selective price increases across some of its Autumn/Winter stock from August.
Retail
Meta to Open Retail Store to Showcase Virtual Reality Hardware
The Meta Store will open May 9 in Burlingame, California, and visitors are encouraged to “interact with everything” including the Portal video calling hub, Quest 2 virtual reality goggles and Ray-Ban Stories smart glasses.
Meta to Open Retail Store to Showcase Virtual Reality Hardware
The Meta Store will open May 9 in Burlingame, California, and visitors are encouraged to “interact with everything” including the Portal video calling hub, Quest 2 virtual reality goggles and Ray-Ban Stories smart glasses.
Retail
Is It Time for Gap Inc. to Go Private?
Marketshare is shrinking, discounts are deepening and the group’s once-powerful grip on the consumer has disintegrated. As a public company, its options are limited.
Is It Time for Gap Inc. to Go Private?
Marketshare is shrinking, discounts are deepening and the group’s once-powerful grip on the consumer has disintegrated. As a public company, its options are limited.
Global Markets
Hong Kong Landlords Brace for Even Deeper Cuts to Retail Rents
Hong Kong’s retail landlords are bracing for a further squeeze on the lowest rents in more than a decade as tenants seek relief in the aftermath of the city’s worst Covid outbreak.
Hong Kong Landlords Brace for Even Deeper Cuts to Retail Rents
Hong Kong’s retail landlords are bracing for a further squeeze on the lowest rents in more than a decade as tenants seek relief in the aftermath of the city’s worst Covid outbreak.
Global Markets
Australia’s Scanlan Theodore Doubles Down on US Market
The designer label will expand from two to six US stores in the next 18 months, opening four new locations in key luxury markets across the country.
Australia’s Scanlan Theodore Doubles Down on US Market
The designer label will expand from two to six US stores in the next 18 months, opening four new locations in key luxury markets across the country.
Retail
Mango Plots Retail Expansion With 30 New Stores in US
The Spanish fast fashion retailer will grow its international footprint in the coming years with a focus on the US market.
Mango Plots Retail Expansion With 30 New Stores in US
The Spanish fast fashion retailer will grow its international footprint in the coming years with a focus on the US market.
The News in Brief
Samsonite Buys Stake in Béis for $178.5 Million
Founder and actress Shay Mitchell will retain a 15 percent stake in Béis, which will become a Samsonite subsidiary after the deal closes.
Tapestry Forecasts Strong Annual Profit as Coach Remains Hot
Resilient demand for Coach bags among young and affluent shoppers helped buoy the group, but weakness at Kate Spade led the company to forecast muted annual revenue.
US Seeks Sentence for Founder of Fashion-Tech Company CaaStle
Prosecutors compared Christine Hunsicker to Elizabeth Holmes as they sought a 12.5 year prison sentence in the $300 million securities fraud case.
Shein Loses UK Copyright Lawsuit Against Temu Over Clothing Photos
The ultra-fast fashion platform lost the first round of a London legal battle against its rival for alleged copyright infringement in relation to photos of some of its products.
Birkenstock Nudges Forecast Higher on Solid Sandal Demand
The German brand bumped its sales forecast to the upper limit of its target range and posted strong quarterly earnings as consumers snapped up its sandals and clogs.
Richemont’s Panerai Brand Gets No Relief From Luxury Watch Revival
As the secondary market for timepieces rebounds, Cartier is grabbing buyer attention and there’s renewed enthusiasm around Vacheron Constantin, throwing the lack of interest in Panerai into stark contrast.
Allies of Skin’s Founder Nicolas Travis Has Resigned
The Singapore-based luxury skincare brand has also appointed Alicia Valencia as interim president.