Hudson’s Bay Retail Chain to Terminate More Than 8,300 Workers by Sunday
Canada’s oldest retail chain will lay off 89 percent of its workforce by Sunday, when it will conclude its liquidation sale and shutter all stores.
News & Analysis
Fashion News, Analysis and Business Intelligence from the leading digital authority on the global fashion industry.
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.
‘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.
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Trump Puts Spotlight on Korea for ‘Higher-Than-China’ Tariff
President Donald Trump pointed to South Korea as a country with more unfair tariffs against American products than China, while slamming the handing out of subsidies for foreign chipmakers like Samsung Electronics Co.
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News & Analysis
Tariffs on Canada, Mexico to Start Tuesday, Trump Says
US President Donald Trump declared there is no chance of preventing the 25 percent tariffs on Mexico and Canada from taking effect on Tuesday. The news sparked concerns over the potential economic impact and sent financial markets into turmoil.
Tariffs on Canada, Mexico to Start Tuesday, Trump Says
US President Donald Trump declared there is no chance of preventing the 25 percent tariffs on Mexico and Canada from taking effect on Tuesday. The news sparked concerns over the potential economic impact and sent financial markets into turmoil.
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.
Is Fashion Learning to Love the Trumps?
The First Lady was largely ignored by the fashion establishment during Trump’s first term. The tide is turning.
Bernard Arnault, Jeff Bezos and Mark Zuckerberg and More Attend Trump’s Inauguration
A number of top business leaders in fashion and tech attended the smaller-scale inauguration inside the US Capitol.
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This Week: Ready or Not, Here Comes President Donald Trump
TikTok, tariffs and immigration are among the issues that could see major action taken in the opening days of Trump’s second term.
News & Analysis
Los Angeles Faces Little Relief From Fires as Winds Persist
Southern California’s devastating wildfires are not only threatening lives and properties but also disrupting key fashion hubs, posing risks to luxury retailers and cultural landmarks, as the industry braces for long-term impacts on supply chains and real estate.
Los Angeles Faces Little Relief From Fires as Winds Persist
Southern California’s devastating wildfires are not only threatening lives and properties but also disrupting key fashion hubs, posing risks to luxury retailers and cultural landmarks, as the industry braces for long-term impacts on supply chains and real estate.
LA Brands Pause Business as Usual for Wildfire Relief
Fashion and beauty companies have closed stores, offices and warehouses to focus on donations for those affected by the ongoing wildfires.
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The News in Brief
Crypto-Luxury Brand 9dcc Is Shutting Down
The brand cited headwinds in web3 and softness in the luxury market for its decision in an announcement Tuesday.
Temu-Owner PDD Holdings Misses Quarterly Revenue Estimates
Despite price slashing from retailers and government stimulus measures to boost consumer spending, the e-commerce company's year-on-year net income fell 47 percent.
Swiss Watch Exports Jump in April Ahead of Threatened US Tariffs
Swiss watch exports to the US saw a significant increase in April, driven by a surge in shipments ahead of anticipated tariff hikes.
Italy’s Fashion Brands Sign Accord to Fight Worker Exploitation
Italian legal and political authorities, trade unions and fashion industry parties signed a non-binding action plan focussed on the creation of a database of brands’ suppliers and their workforces, after prosecutors uncovered widespread abuse.
EU Warns Shein of Fines in Consumer Protection Probe
The EU has ordered Shein to address consumer law breaches within one month or face potential fines.
Trump Extends Deadline for 50% Tariffs on EU Goods to July 9
The US president told reporters the decision to push the deadline came after he had a ‘very nice’ phone call with Commission President Ursula von der Leyen.
E.l.f. Beauty Announces $1 Price Hike, Citing Inflation and Tariffs
The mass brand will raise prices in August.