L’Oréal Steals French Stock Market Crown From LVMH
The cosmetics group became France’s most valuable listed company on Tuesday, the first time since 2017 that a non-luxury company has claimed the top spot at the end of a trading day.
tariff
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.
Luxury
End Times for Swiss Watchmakers?
This week, President Trump’s tariff on Switzerland went into effect, landing levies of 39 percent on every watch the country exports to the US. For some Swiss watchmakers, the threat is existential.
End Times for Swiss Watchmakers?
This week, President Trump’s tariff on Switzerland went into effect, landing levies of 39 percent on every watch the country exports to the US. For some Swiss watchmakers, the threat is existential.
Sports
Under Armour Forecasts Downbeat Second-Quarter Sales
The Maryland-based sportswear maker has struggled to drive up demand in the past two years, with efforts to revive the business having hit more roadblocks in recent months due to the Trump administration's shifting tariff policies.
Under Armour Forecasts Downbeat Second-Quarter Sales
The Maryland-based sportswear maker has struggled to drive up demand in the past two years, with efforts to revive the business having hit more roadblocks in recent months due to the Trump administration's shifting tariff policies.
Global Markets
Can India Become the World’s Fashion Factory?
As US president Donald Trump’s punishing new tariffs come into force, India is working towards becoming an apparel manufacturing powerhouse despite long-standing obstacles.
Can India Become the World’s Fashion Factory?
As US president Donald Trump’s punishing new tariffs come into force, India is working towards becoming an apparel manufacturing powerhouse despite long-standing obstacles.
Retail
Trump Doubles India Tariff to 50% to Punish Russian Oil Buying
The US President’s move came hours after talks between Washington and Moscow over the war in Ukraine failed to yield an immediate breakthrough.
Trump Doubles India Tariff to 50% to Punish Russian Oil Buying
The US President’s move came hours after talks between Washington and Moscow over the war in Ukraine failed to yield an immediate breakthrough.
The News in Brief
Authentic Brands Targets Creator Economy, Eyes Public Offering
The licensor could pursue an IPO as early as the first half of next year.
Vogue Mexico and Latin America Editor-in-Chief Karla Martinez de Salas to Step Down
The industry veteran is joining Latino-focused media platform Avance Global to establish a new lifestyle brand that will span fashion, design, travel, food, culture and entertainment.
Prada Revamps Milan Flagship to Cater to Top Clients and New Shoppers
The group is hoping the renovated eight-level complex can generate €100 million in annual revenue, chief executive Andrea Guerra told Reuters.
JD Sports Names New North America CEO, Chief Marketing Officer
The sneaker retailer is shaking up its North American leadership as it looks to reverse soft sales and an extended slump in the stock market.
Top Africa Clothes Retailer Pepkor Sinks on Earnings Outlook
Shares in the South African discount clothing retailer fell the most in more than three years, as an expansion into banking weighed on profit forecasts.
Kimberly-Clark Prepares Asset Sales to Win EU Nod for Kenvue Deal
The US consumer goods giant is preparing concessions to address EU antitrust concerns about its bid for Tylenol maker Kenvue that could help it win approval for the $40 billion deal, sources told Reuters.
Kevin.Murphy Appoints New CEO
The Australian hair care brand has named Elisa Fischer its new global chief executive as it looks to push deeper into international markets.