Reformation Valued at $886 Million in NYSE Debut
The Permira-backed womenswear retailer and some of its shareholders had raised $211 million in its IPO on Wednesday, with shares opening at $15 apiece.
tariff
Global Markets
Relief in Southeast Asia As Trump’s Tariffs Level Playing Field
Major garment producers like Vietnam and Cambodia now face similar tariff rates of around 20 percent, lower than previously threatened.
Relief in Southeast Asia As Trump’s Tariffs Level Playing Field
Major garment producers like Vietnam and Cambodia now face similar tariff rates of around 20 percent, lower than previously threatened.
Retail
End of US Parcel Tax Relief Threatens Ebay, Etsy Trade
The removal of the “de minimis” exemption for small parcels entering the US will raise the cost of international shipments for the secondhand and craft retail platforms.
End of US Parcel Tax Relief Threatens Ebay, Etsy Trade
The removal of the “de minimis” exemption for small parcels entering the US will raise the cost of international shipments for the secondhand and craft retail platforms.
Global Markets
Asia Factory Outlook at Lowest Since Pandemic on Trump Tariffs
Manufacturers in Southeast Asia are less optimistic about future growth, despite recent improvements in output, amid tariff uncertainty.
Asia Factory Outlook at Lowest Since Pandemic on Trump Tariffs
Manufacturers in Southeast Asia are less optimistic about future growth, despite recent improvements in output, amid tariff uncertainty.
Global Markets
India’s Garment and Jewellery Sectors Fear for US Orders After Tariff Shock
New US tariffs on Indian imports are expected to significantly impact India’s exporters, potentially leading to job cuts and a shift in orders to other countries like Vietnam.
India’s Garment and Jewellery Sectors Fear for US Orders After Tariff Shock
New US tariffs on Indian imports are expected to significantly impact India’s exporters, potentially leading to job cuts and a shift in orders to other countries like Vietnam.
Retail
Brands From Adidas to L’Oréal Confront Tariff Pricing Dilemma
From fashion to beauty, consumer goods companies are deploying a range of strategies to blunt the impact of US tariffs.
Brands From Adidas to L’Oréal Confront Tariff Pricing Dilemma
From fashion to beauty, consumer goods companies are deploying a range of strategies to blunt the impact of US tariffs.
Global Markets
Trump Unleashes a Flurry of Trade Surprises on Eve of Deadline
A 25 percent levy on Indian imports, the promise of deals for Thailand and Cambodia and a rollback on all duty exemptions for small packages were among the last minute announcements.
Trump Unleashes a Flurry of Trade Surprises on Eve of Deadline
A 25 percent levy on Indian imports, the promise of deals for Thailand and Cambodia and a rollback on all duty exemptions for small packages were among the last minute announcements.
Global Markets
Mexico Raises Import Taxes on Online Purchases From Shein, Temu
As pressure mounts from the US, Mexico hikes import taxes on low-cost Chinese e-commerce goods, targeting Chinese retailers such as Shein and Temu.
Mexico Raises Import Taxes on Online Purchases From Shein, Temu
As pressure mounts from the US, Mexico hikes import taxes on low-cost Chinese e-commerce goods, targeting Chinese retailers such as Shein and Temu.
Global Markets
India Braces for Higher US Tariffs, Eyes Broader Trade Deal, Sources Say
As a temporary measure, India anticipates US tariffs between 20-25 percent while broader trade negotiations continue.
India Braces for Higher US Tariffs, Eyes Broader Trade Deal, Sources Say
As a temporary measure, India anticipates US tariffs between 20-25 percent while broader trade negotiations continue.
Luxury
US Tariffs Will Test Luxury’s Pricing Power
European luxury brands have relied on dramatic price increases to fuel profit growth in recent years and may have limited manoeuvring room to raise prices further.
US Tariffs Will Test Luxury’s Pricing Power
European luxury brands have relied on dramatic price increases to fuel profit growth in recent years and may have limited manoeuvring room to raise prices further.
Retail
US and EU Clinch Deal with 15% US Tariff on EU Exports
The duties, set to take effect Aug. 1, will impact major fashion players.
US and EU Clinch Deal with 15% US Tariff on EU Exports
The duties, set to take effect Aug. 1, will impact major fashion players.
Retail
US Retail Sales Beat Expectations in June
Sales rose by 0.6 percent in June, boosted in part by higher prices, with apparel leading gains at 2.4 percent.
US Retail Sales Beat Expectations in June
Sales rose by 0.6 percent in June, boosted in part by higher prices, with apparel leading gains at 2.4 percent.
Retail
Trump Softens Tone on China to Secure Xi Summit and a Trade Deal
President Donald Trump has dialed down his confrontational tone with China in an effort to secure a trade deal with the world’s second-largest economy.
Trump Softens Tone on China to Secure Xi Summit and a Trade Deal
President Donald Trump has dialed down his confrontational tone with China in an effort to secure a trade deal with the world’s second-largest economy.
The News in Brief
Puig Reports First-Half Revenue Growth After Estee Lauder Talks End
The Spanish beauty company reported first-half revenue growth on strong demand for makeup from Charlotte Tilbury.
Canada Goose Beats Revenue Estimates as Demand Holds Up
The outerwear brand beat expectations for first-quarter revenue, but new US tariffs on Canadian could affect future earnings.
Steven Madden Tops Expectations and Lifts Full-Year Outlook
The retailer raised its full-year revenue forecast again as its integration of luxury brand Kurt Geiger last year provided a tailwind.
Reformation and Its Backers Raise $210.9 Million in IPO
The womenswear brand and shareholders including private-equity backer Permira raised new funds in an IPO that priced shares at the bottom of the marketed range.
Adidas Shares Plunge After World Cup Spend Dents Profit
Shares in the company fell the most on record after its marketing outlay for the World Cup resulted in lower-than-expected quarterly profit.
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.
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.