British Fashion Council to Boost UK Fashion Beyond London
The new national initiative, Fashion Britain, aims to increase growth, innovation and participation in the industry across key cities.
tariff
Global Markets
India’s Higher Clothing Tax Threatens Setback for Global Fashion Brands
India’s consumer tax reform is raising duties on apparel priced above $29, unsettling global and domestic fashion players who warn higher costs could affect demand.
India’s Higher Clothing Tax Threatens Setback for Global Fashion Brands
India’s consumer tax reform is raising duties on apparel priced above $29, unsettling global and domestic fashion players who warn higher costs could affect demand.
Retail
US Holiday Spending Set for Steepest Drop Since Pandemic, PwC Survey Shows
Consumer spending is projected to see its steepest decline since the pandemic, as consumers, especially Gen Z, reduce discretionary purchases due to economic uncertainty and inflation.
US Holiday Spending Set for Steepest Drop Since Pandemic, PwC Survey Shows
Consumer spending is projected to see its steepest decline since the pandemic, as consumers, especially Gen Z, reduce discretionary purchases due to economic uncertainty and inflation.
Luxury
Top UK Rolex Seller Rises as Outlook Eases Concern Over Tariffs
The watch retailer’s shares surged following strong trading in the first half of the fiscal year and minimal tariff impact.
Top UK Rolex Seller Rises as Outlook Eases Concern Over Tariffs
The watch retailer’s shares surged following strong trading in the first half of the fiscal year and minimal tariff impact.
Retail
How the End of the De Minimis Exemption Will Impact US Shoppers and Businesses
The Trump administration has ended duty-free imports for packages under $800, known as the de minimis exemption, likely leading to higher costs for US consumers as businesses increase prices.
How the End of the De Minimis Exemption Will Impact US Shoppers and Businesses
The Trump administration has ended duty-free imports for packages under $800, known as the de minimis exemption, likely leading to higher costs for US consumers as businesses increase prices.
Executive Briefings
The Executive Briefing: Why US Shoppers Are So Angry; Fashion’s Sports Obsession; An AI Bubble?
The fashion industry is searching for ways to speak to a consumer mindset that’s growing more pessimistic and frugal by the day. The answer? Sports, mid-priced handbags and artificial intelligence. Read on for your concise breakdown of August’s key developments from executive editor Brian Baskin.
The Executive Briefing: Why US Shoppers Are So Angry; Fashion’s Sports Obsession; An AI Bubble?
The fashion industry is searching for ways to speak to a consumer mindset that’s growing more pessimistic and frugal by the day. The answer? Sports, mid-priced handbags and artificial intelligence. Read on for your concise breakdown of August’s key developments from executive editor Brian Baskin.
Luxury
Swatch Gains as CEO Hayek Eases Concerns Over US Tariffs
Citigroup Inc. analyst Thomas Chauvet said Swatch will raise prices by a further 5 to 10 percent in the US following a previous increase, to fully offset the tariffs’ impact.
Swatch Gains as CEO Hayek Eases Concerns Over US Tariffs
Citigroup Inc. analyst Thomas Chauvet said Swatch will raise prices by a further 5 to 10 percent in the US following a previous increase, to fully offset the tariffs’ impact.
Global Markets
India’s Textile Sector Reels as US Imposes 50% Tariffs
Some apparel and textile manufacturers have already halted production due to ‘worsening cost competitiveness.’
India’s Textile Sector Reels as US Imposes 50% Tariffs
Some apparel and textile manufacturers have already halted production due to ‘worsening cost competitiveness.’
Retail
Consumer Resilience to Be Tested as Tariff-Fuelled Price Increases Brew
US retailers remain bullish on the resilience of US consumers, a sentiment that could soon be put to the test as tariff-fuelled price hikes increasingly show up on shelves.
Consumer Resilience to Be Tested as Tariff-Fuelled Price Increases Brew
US retailers remain bullish on the resilience of US consumers, a sentiment that could soon be put to the test as tariff-fuelled price hikes increasingly show up on shelves.
Retail
Why Off-Price Is Entering a New Golden Age
With stronger-than-expected sales, a higher annual forecast and a playbook built for tariff turbulence, TJX is proving that off-price is not just resilient but ascendant in fashion — leaving traditional retail competitors scrambling to keep up.
Why Off-Price Is Entering a New Golden Age
With stronger-than-expected sales, a higher annual forecast and a playbook built for tariff turbulence, TJX is proving that off-price is not just resilient but ascendant in fashion — leaving traditional retail competitors scrambling to keep up.
Beauty
Trump’s Tariffs Imperil US Black Hair Businesses
The prices of hair extensions and hair glues used to create wigs and weaves have gone up exponentially after US president Donald Trump imposed a series of different tariffs on China and Vietnam, where the majority of Black beauty products are made.
Trump’s Tariffs Imperil US Black Hair Businesses
The prices of hair extensions and hair glues used to create wigs and weaves have gone up exponentially after US president Donald Trump imposed a series of different tariffs on China and Vietnam, where the majority of Black beauty products are made.
Global Markets
US Prices Continued Rise in July as Trump Tariffs Impact Consumer Costs
Trump has spent the last few months directing his ire at economic officials — first at the Fed, and now at the Bureau of Labor Statistics, which collects and reports economic data.
US Prices Continued Rise in July as Trump Tariffs Impact Consumer Costs
Trump has spent the last few months directing his ire at economic officials — first at the Fed, and now at the Bureau of Labor Statistics, which collects and reports economic data.
China
Trump Extends China Truce for 90 Days, Averting Tariff Hike
Had the truce not been extended through Nov. 10, US tariffs on Chinese goods would have jumped to at least 54% starting on August 12.
Trump Extends China Truce for 90 Days, Averting Tariff Hike
Had the truce not been extended through Nov. 10, US tariffs on Chinese goods would have jumped to at least 54% starting on August 12.
The News in Brief
Hermès’ Chief Watches China’s Pork Prices to Gauge Luxury Demand
When it comes to gauging the possibility of a sales rebound for his luxury group in China, Hermès executive chairman Axel Dumas turns to an unusual metric.
Hermès Sales Climb, Boosted by US
Hermès second quarter sales rose 7 percent, lifted by a recovery in tourism in Europe and strong demand in the US.
Shein Discloses FTC Probe in US, Warns of Significant Payments
According to documents the ultra-fast-fashion company filed in connection with its planned Hong Kong IPO, Shein is cooperating with the investigation and could face significant fines.
Frasers Group Takes a Position in Burberry
The billionaire Mike Ashley’s investment arm disclosed Tuesday it holds an interest worth a potential 4.2 percent of the voting rights in Burberry.
EssilorLuxottica Beats Forecasts, AI Glasses and Myopia Products Drive Growth
The Franco-Italian eyewear maker reported a 15 percent rise in first-half profit, beating expectations, while revenue growth was driven by strong demand for AI-enabled glasses myopia products.
Whoop Names Kyle Leahy Chief Commercial Officer
Leahy joins the wearables brand from Glossier, where she was chief executive for three years.
Chinese Jeweller Laopu Gold’s Shares Drop on Growth Outlook
The jeweller lost $2.1 billion in market value after forecasting first-half 2026 revenue growth of up to 66 percent, a sharp slowdown from last year that unsettled investors in one of China’s most viral consumer brands.