Primark to Start Home Delivery as Sales Fall Ahead of Split
The decision is a major about-face for the budget fashion chain as it tries to stem falling sales ahead of its split from Associated British Foods.
tariff
Global Markets
US Proposes New Tariffs on Dozens of Countries, Citing Forced Labour
The levies would affect imports from 60 trading partners, with rates ranging from 10% for Mexico, Canada and the UK to 12.5% for China, India and Brazil, as the Trump administration seeks to rebuild its tariff wall.
US Proposes New Tariffs on Dozens of Countries, Citing Forced Labour
The levies would affect imports from 60 trading partners, with rates ranging from 10% for Mexico, Canada and the UK to 12.5% for China, India and Brazil, as the Trump administration seeks to rebuild its tariff wall.
Global Markets
US Finalises Tariff Refunds of $35.5 Billion
US Customs and Border Protection validated over 80,000 applications for refunds covering an undisclosed number of shipments or entries.
US Finalises Tariff Refunds of $35.5 Billion
US Customs and Border Protection validated over 80,000 applications for refunds covering an undisclosed number of shipments or entries.
Retail
Trump Seeks Pause on Tariff Ruling During Appeal
The Trump administration asked a US court on Monday to suspend its ruling against the president’s proposed 10% global tariff as it pursues an appeal.
Trump Seeks Pause on Tariff Ruling During Appeal
The Trump administration asked a US court on Monday to suspend its ruling against the president’s proposed 10% global tariff as it pursues an appeal.
Retail
Trump’s Latest 10% Tariffs Found Unlawful by US Trade Court
The tariffs were declared unlawful by a federal trade court, just months after the US Supreme Court vacated US president Donald Trump’s earlier levies.
Trump’s Latest 10% Tariffs Found Unlawful by US Trade Court
The tariffs were declared unlawful by a federal trade court, just months after the US Supreme Court vacated US president Donald Trump’s earlier levies.
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.
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.
Sustainability
Explainer: Fashion’s New Tariff Threat
A US trade probe into forced labour could trigger new tariffs and import bans, forcing fashion brands to implement more robust supply-chain transparency.
Explainer: Fashion’s New Tariff Threat
A US trade probe into forced labour could trigger new tariffs and import bans, forcing fashion brands to implement more robust supply-chain transparency.
Global Markets
US Democratic Lawmakers Urge Retail, Shipper CEOs to Pass Trump Tariff Refunds to Consumers
In a letter, a group of 15 Democrats in the US House of Representatives asked CEOs to detail how they passed tariff costs on to consumers, small businesses and other suppliers.
US Democratic Lawmakers Urge Retail, Shipper CEOs to Pass Trump Tariff Refunds to Consumers
In a letter, a group of 15 Democrats in the US House of Representatives asked CEOs to detail how they passed tariff costs on to consumers, small businesses and other suppliers.
Beauty
E.l.f. Beauty, Lululemon Face High Cost of Price Transparency
Brands that publicly disclosed tariff-related price hikes are now facing class-action lawsuits from consumers.
E.l.f. Beauty, Lululemon Face High Cost of Price Transparency
Brands that publicly disclosed tariff-related price hikes are now facing class-action lawsuits from consumers.
Global Markets
Tariff Refund System Launches as Over 50,000 Companies File Claims
US Customs officials said as of April 9, an amount totalling $127 billion of refunds had been filed for, accounting for over three-quarters of the amount eligible for compensation.
Tariff Refund System Launches as Over 50,000 Companies File Claims
US Customs officials said as of April 9, an amount totalling $127 billion of refunds had been filed for, accounting for over three-quarters of the amount eligible for compensation.
Retail
US Tariff Refund Portal to Exclude One-Third of Imports at First
An online government portal will handle claims for about 63 percent of 53 million import entries at issue once it launches, according to a new court filing.
US Tariff Refund Portal to Exclude One-Third of Imports at First
An online government portal will handle claims for about 63 percent of 53 million import entries at issue once it launches, according to a new court filing.
Luxury
LVMH Shares Fell Most Ever in First Quarter on Luxury Slump
Shares of the luxury bellwether fell 28 percent in the first quarter as the war in the Middle East clouds the global economic outlook and intensifies demand headwinds for luxury goods.
LVMH Shares Fell Most Ever in First Quarter on Luxury Slump
Shares of the luxury bellwether fell 28 percent in the first quarter as the war in the Middle East clouds the global economic outlook and intensifies demand headwinds for luxury goods.
Luxury
Is the Luxury Watches Recovery on Hold Again?
In his latest bi-monthly briefing, watches expert Robin Swithinbank examines how the war in the Middle East is weighing on growth prospects and offers a preview of the sector’s flagship annual fair, Watches & Wonders.
Is the Luxury Watches Recovery on Hold Again?
In his latest bi-monthly briefing, watches expert Robin Swithinbank examines how the war in the Middle East is weighing on growth prospects and offers a preview of the sector’s flagship annual fair, Watches & Wonders.
The News in Brief
Nike Reassures Executives That Its Stock Is Still in the S&P 500
An internal memo reviewed by Bloomberg sought to clear up misunderstandings around the brand’s coming removal from the S&P 100.
Jonathan Cohen Joins J. Mendel as Resident Designer
The New York-based designer is tasked with reviving the 156-year-old luxury fashion house, which filed for Chapter 11 bankruptcy in 2018.
Signet Lifts View as Cautious Consumers Splurge on Jewellery
The Jared, Kay and Zales owner raised its outlook for the second time this year as demand for jewellery remains resilient even as shoppers pull back on spending elsewhere.
The CFDA Names Anthony Vaccarello International Designer of the Year, Unveils 2026 Award Nominees
Prize alum Rachel Scott of Diotima is nominated for Womenswear Designer of the Year again, while 2013 winners Dao-Yi Chow and Maxwell Osborne of Public School are nominated for Menswear Designer of the Year.
European Luxury Stocks Face a Tough Second Half, HSBC Says
HSBC analysts downgraded LVMH and Burberry to hold as they said the second half of the year looks harder for soft luxury to navigate.
Zara Owner’s Sales Grow, but Profit Disappoints as Expenses Mount
Inditex’s sales growth accelerated at the start of the third quarter as it continued to outpace rivals, but rising depreciation charges ate into profits.
Theory Appoints James Kelly Global CEO
A veteran at Fast Retailing, Kelly previously held the role of US chief financial officer at the brand.