Amazon Loses US Court Ban on Perplexity’s AI Shopping Tools
The ruling is the first by a federal appeals court to address whether AI agents acting on behalf of users can legally access online platforms.
tariff
Media
Trump Says He May Give China Reduction in Tariffs to Get TikTok Deal Done
US President Trump said on Wednesday he would consider reducing tariffs on China to confirm a deal for the sale of TikTok by Chinese parent ByteDance, Reuters reported. Trump also said he would be willing to extend the April 5 deadline.
Trump Says He May Give China Reduction in Tariffs to Get TikTok Deal Done
US President Trump said on Wednesday he would consider reducing tariffs on China to confirm a deal for the sale of TikTok by Chinese parent ByteDance, Reuters reported. Trump also said he would be willing to extend the April 5 deadline.
Global Markets
How Can Canada’s Retail Renaissance Survive the Onslaught of Trump’s Tariffs?
Faced with US tariffs and slowing luxury spend, Canadian retailers are seeking opportunities to connect with local shoppers through broader assortments and in-person experiences.
How Can Canada’s Retail Renaissance Survive the Onslaught of Trump’s Tariffs?
Faced with US tariffs and slowing luxury spend, Canadian retailers are seeking opportunities to connect with local shoppers through broader assortments and in-person experiences.
Global Markets
What a US Recession Would Mean for the Global Fashion Industry
Economists raised the likelihood of a recession in the US, Canada and Mexico this week as Trump’s tariffs rattled global markets, exposing the fashion industry to uncertainty and possible deceleration.
What a US Recession Would Mean for the Global Fashion Industry
Economists raised the likelihood of a recession in the US, Canada and Mexico this week as Trump’s tariffs rattled global markets, exposing the fashion industry to uncertainty and possible deceleration.
News & Analysis
UK Splits With EU by Opting Against Snap Tariff Retaliation
The UK has reaffirmed its commitment to ongoing US trade talks despite being affected by President Donald Trump’s global steel and aluminium tariffs.
UK Splits With EU by Opting Against Snap Tariff Retaliation
The UK has reaffirmed its commitment to ongoing US trade talks despite being affected by President Donald Trump’s global steel and aluminium tariffs.
Retail
How Retailers Are Bracing for a Potentially Grim Year
Facing uncertainty around tariffs and fears of a potential recession, the strongest and weakest fashion companies alike have issued a cautious outlook for 2025. Even so, low consumer confidence does not guarantee a pullback from spending. For the savviest players, there is still room for growth.
How Retailers Are Bracing for a Potentially Grim Year
Facing uncertainty around tariffs and fears of a potential recession, the strongest and weakest fashion companies alike have issued a cautious outlook for 2025. Even so, low consumer confidence does not guarantee a pullback from spending. For the savviest players, there is still room for growth.
Retail
With Trump’s Tariffs, It’s the Uncertainty That Stings the Most
The new tariffs and constant reversals have knocked global businesses off balance and left them straining to adjust to a mercurial new reality.
With Trump’s Tariffs, It’s the Uncertainty That Stings the Most
The new tariffs and constant reversals have knocked global businesses off balance and left them straining to adjust to a mercurial new reality.
News & Analysis
Trump Says Canada, Mexico Tariffs to Take Effect, Adds New China Duty
The president had paused the sweeping duties on Canada and Mexico on Feb. 3 for one month after both countries’ leaders announced new border security measures.
Trump Says Canada, Mexico Tariffs to Take Effect, Adds New China Duty
The president had paused the sweeping duties on Canada and Mexico on Feb. 3 for one month after both countries’ leaders announced new border security measures.
Luxury
Trump Tariffs Would Test Luxury’s Pricing Power
Executives at Hermès and Kering said last week they could leverage their brands' cachet to absorb any additional duties.
Trump Tariffs Would Test Luxury’s Pricing Power
Executives at Hermès and Kering said last week they could leverage their brands' cachet to absorb any additional duties.
Retail
Temu, Shein See US Sales Drop After Trump Targets China Trade
The pullback in spending began a day after Trump said that parcels under $800 from China would no longer be exempt from customs duties.
Temu, Shein See US Sales Drop After Trump Targets China Trade
The pullback in spending began a day after Trump said that parcels under $800 from China would no longer be exempt from customs duties.
Retail
A Death Blow for Dupe Culture, Deferred
President Trump’s ruling this week to end the de minimis tax loophole could be a bust for Shein and Temu, but a boon for all the mid-priced brands they’ve ripped off over the years.
A Death Blow for Dupe Culture, Deferred
President Trump’s ruling this week to end the de minimis tax loophole could be a bust for Shein and Temu, but a boon for all the mid-priced brands they’ve ripped off over the years.
Retail
US Postal Service Reverses Decision to Halt China Shipments
The resumption of normal service capped 12 hours of confusion after the postal service said it would temporarily freeze the package shipments from China and Hong Kong.
US Postal Service Reverses Decision to Halt China Shipments
The resumption of normal service capped 12 hours of confusion after the postal service said it would temporarily freeze the package shipments from China and Hong Kong.
Retail
Trump’s Tariffs, Explained in 4 Charts
Uncertainty around the rollout of the tariffs — how long they’ll last and whether more are in the works — complicates the fashion industry’s ability to adjust to the new reality.
Trump’s Tariffs, Explained in 4 Charts
Uncertainty around the rollout of the tariffs — how long they’ll last and whether more are in the works — complicates the fashion industry’s ability to adjust to the new reality.
The News in Brief
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.
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.