Report: Abercrombie to Seek Fresh Backers for China Business
The US-listed company is conducting a review of its Chinese assets and may sell a stake in the unit, which could be valued at several hundred million dollars, Bloomberg reported.
tariff
Global Markets
US Imports Set to Fall 20% in Second Half of 2025 on Trump Tariffs, NRF Forecast Shows
Imports are expected to drop dramatically beginning next month.
US Imports Set to Fall 20% in Second Half of 2025 on Trump Tariffs, NRF Forecast Shows
Imports are expected to drop dramatically beginning next month.
China
Chinese Duty-Free Stocks Surge on Boost From Tariff Tensions
China Tourism Group Duty Free Corp. shares rose as much as 28 percent in Hong Kong and Hainan Haiqi Transportation Group Co. surged by the 10 percent daily limit on the mainland.
Chinese Duty-Free Stocks Surge on Boost From Tariff Tensions
China Tourism Group Duty Free Corp. shares rose as much as 28 percent in Hong Kong and Hainan Haiqi Transportation Group Co. surged by the 10 percent daily limit on the mainland.
Retail
Trump’s Tariffs: Assessing the Impact, One Week Later
As the shock wears off, fashion businesses are starting to draw up plans to navigate a market that is still rapidly changing under their feet.
Trump’s Tariffs: Assessing the Impact, One Week Later
As the shock wears off, fashion businesses are starting to draw up plans to navigate a market that is still rapidly changing under their feet.
Beauty
Trump’s Tariffs Send Beauty Industry Into Crisis Mode
High tariffs on top beauty import sources including South Korea and France have brands rethinking their budgets – but not necessarily their production locations.
Trump’s Tariffs Send Beauty Industry Into Crisis Mode
High tariffs on top beauty import sources including South Korea and France have brands rethinking their budgets – but not necessarily their production locations.
Global Markets
US Forges Ahead With 104% Tariffs on China, Says Willing to Talk to Other Countries
The heightened duties will take effect shortly after midnight, in sharp contrast to the talks that have begun between the Trump Administration and other trading partners.
US Forges Ahead With 104% Tariffs on China, Says Willing to Talk to Other Countries
The heightened duties will take effect shortly after midnight, in sharp contrast to the talks that have begun between the Trump Administration and other trading partners.
Global Markets
Trump Threatens 50% More China Tariffs, Teases Talks With Others
President Donald Trump threatened to slap additional 50 percent import taxes on China in retaliation against China’s raised reciprocal tariffs on US goods, further escalating the trade war.
Trump Threatens 50% More China Tariffs, Teases Talks With Others
President Donald Trump threatened to slap additional 50 percent import taxes on China in retaliation against China’s raised reciprocal tariffs on US goods, further escalating the trade war.
Global Markets
Apparel Manufacturing Countries Seek to Negotiate With Trump on Tariffs
Asian manufacturing hubs for fashion and footwear including Vietnam, Indonesia, Cambodia and India have said they won’t retaliate against Trump’s tariffs and are willing to make concessions.
Apparel Manufacturing Countries Seek to Negotiate With Trump on Tariffs
Asian manufacturing hubs for fashion and footwear including Vietnam, Indonesia, Cambodia and India have said they won’t retaliate against Trump’s tariffs and are willing to make concessions.
Retail
It Could Set the Industry Back 50 Years: Fashion Braces for Impact of Trump Tariffs
From farmers to designers, the entire supply chain will be hit — but it is unclear what duties apply to a finished product.
It Could Set the Industry Back 50 Years: Fashion Braces for Impact of Trump Tariffs
From farmers to designers, the entire supply chain will be hit — but it is unclear what duties apply to a finished product.
News & Analysis
Fashion Is ‘Tarrif-ied’ of Trump
There’s no escaping the import duties, which were far more wide ranging and severe than anticipated. After the initial panic subsides, the hard work of adapting to the new regime begins, writes Imran Amed.
Fashion Is ‘Tarrif-ied’ of Trump
There’s no escaping the import duties, which were far more wide ranging and severe than anticipated. After the initial panic subsides, the hard work of adapting to the new regime begins, writes Imran Amed.
Global Markets
China Retaliates Against Trump in Trade War With 34% Tariffs on US Imports
China’s retaliatory tariffs signal a major escalation of a trade war ignited by Donald Trump, fuelling fears of global recession.
China Retaliates Against Trump in Trade War With 34% Tariffs on US Imports
China’s retaliatory tariffs signal a major escalation of a trade war ignited by Donald Trump, fuelling fears of global recession.
News & Analysis
‘Mind-Boggling’ Tariffs Threaten Fashion With Covid-Level Crisis
The industry is scrambling to adjust to the shockwave of new import duties announced by President Donald Trump on ‘liberation day.’ Many of fashion’s biggest manufacturing hubs are facing the highest tariffs.
‘Mind-Boggling’ Tariffs Threaten Fashion With Covid-Level Crisis
The industry is scrambling to adjust to the shockwave of new import duties announced by President Donald Trump on ‘liberation day.’ Many of fashion’s biggest manufacturing hubs are facing the highest tariffs.
Luxury
Explainer: How Trump’s Tariffs Threaten Luxury Fashion
The Trump administration’s radical changes to US trade policy won’t push retail prices up enough to directly dampen sales, but the effects on the global economy and consumer sentiment could seriously dent an industry still struggling to bounce back from a sharp downturn in demand.
Explainer: How Trump’s Tariffs Threaten Luxury Fashion
The Trump administration’s radical changes to US trade policy won’t push retail prices up enough to directly dampen sales, but the effects on the global economy and consumer sentiment could seriously dent an industry still struggling to bounce back from a sharp downturn in demand.
The News in Brief
Chanel Sales Up 16% in First Half
Chanel’s sales are accelerating after returning to growth last year, Bloomberg reported citing an unnamed source. Beauty sales rose 8 percent.
P&G to Buy Supplement Maker Thorne for $3.8 Billion
Shailesh Jejurikar, chief executive of the American personal care conglomerate, told CNBC it will acquire the line from LVMH-backed private equity firm L Catterton.
Eli Lilly to Offer Early Access to Next-Gen Obesity Drug to Some Patients
Eli Lilly said on Monday it would allow a limited number of patients to have early access to its experimental obesity drug, retatrutide, before its US FDA approval.
India’s Nykaa Posts Higher Quarterly Profit on Strong Beauty Demand, Fashion Growth
India’s FSN E-Commerce Ventures, which operates beauty and fashion retailer Nykaa, reported a more than three-fold rise in quarterly profit on Tuesday, boosted by strong growth in its beauty business and a sharp acceleration in fashion sales.
Ferragamo Returns to Profit as Relaunch Strategy Advances
The Italian luxury brand swung to a net profit for the first half after growing sales in the second quarter, with turnaround efforts particularly evident in its directly owned shops.
Shein Seeks $30 Billion to $40 Billion Valuation for August IPO, Sources Say
The valuation target marks a dramatic reset for Shein, which plans to launch its IPO as early as mid-August, three people familiar with the matter said.
Zalando Narrows Profit Outlook, Sees Growth at Lower End of Range
The online fashion retailer said 2026 revenue and growth will land in the lower half of its previously guided range and narrowed its adjusted operating profit outlook.