De Beers Makes Sweeping Cuts to Its Elite Diamond-Buying Club
The diamond company produced less than 22 million carats last year, down from almost 35 million in 2022.
tariff
Beauty
US Retailers Want in on K-Beauty — Again
Amorepacific’s Hanyul is the latest of a flood of K-beauty brands being scooped up by US beauty retailers as consumers clamor for Korean products in the face of price hikes.
US Retailers Want in on K-Beauty — Again
Amorepacific’s Hanyul is the latest of a flood of K-beauty brands being scooped up by US beauty retailers as consumers clamor for Korean products in the face of price hikes.
Global Markets
US Economy Contracts for First Time Since 2022 on Imports Surge
The US GDP decreased an annualised 0.3 percent in the first quarter, well below average growth of 3 percent in the previous two years.
US Economy Contracts for First Time Since 2022 on Imports Surge
The US GDP decreased an annualised 0.3 percent in the first quarter, well below average growth of 3 percent in the previous two years.
Retail
Chinese E-Commerce Exports Plummet in Face of Tariffs, Despite Rise in Sales to EU
China’s total e-commerce shipping plunged 65 percent by volume in the first three months of the year, but rose 28 percent in Europe.
Chinese E-Commerce Exports Plummet in Face of Tariffs, Despite Rise in Sales to EU
China’s total e-commerce shipping plunged 65 percent by volume in the first three months of the year, but rose 28 percent in Europe.
Global Markets
Trump Tariffs Prompt Slump in Shipments to US Ports
The number of vessels scheduled to arrive at the Port of Los Angeles next week is down by almost a third year on year.
Trump Tariffs Prompt Slump in Shipments to US Ports
The number of vessels scheduled to arrive at the Port of Los Angeles next week is down by almost a third year on year.
Retail
This Week: Adidas, Prada and the US Conference Board Assess the Tariffs’ Impact
A busy stretch of economic data and earnings will offer a clearer picture of how Trump’s trade war is affecting the industry.
This Week: Adidas, Prada and the US Conference Board Assess the Tariffs’ Impact
A busy stretch of economic data and earnings will offer a clearer picture of how Trump’s trade war is affecting the industry.
Retail
Will the End of De Minimis Kill the Shein Haul?
As the de minimis loophole is set to close in the US, the fate of fast-fashion purveyors Shein and Temu, who announced price increases effective today, hangs in the balance.
Will the End of De Minimis Kill the Shein Haul?
As the de minimis loophole is set to close in the US, the fate of fast-fashion purveyors Shein and Temu, who announced price increases effective today, hangs in the balance.
Global Markets
US and China Holding Talks on Trade War, Trump Says After Beijing Rebuttal
Trump told reporters the US and China held talks on Thursday to resolve the trade war between the world’s two largest economies.
US and China Holding Talks on Trade War, Trump Says After Beijing Rebuttal
Trump told reporters the US and China held talks on Thursday to resolve the trade war between the world’s two largest economies.
Global Markets
China Says US Should Revoke Unilateral Tariffs, Denies Talks
Chinese Commerce Ministry spokesman He Yadong said Thursday, “Any reports on development in talks are groundless” and called for the US to revoke all unilateral tariffs imposed on China.
China Says US Should Revoke Unilateral Tariffs, Denies Talks
Chinese Commerce Ministry spokesman He Yadong said Thursday, “Any reports on development in talks are groundless” and called for the US to revoke all unilateral tariffs imposed on China.
Global Markets
Trump Floats ‘Substantial’ China Tariffs Cuts in Trade Deal
‘It will come down substantially but it won’t be zero,’ Trump said Tuesday in Washington following earlier comments from Treasury Secretary Scott Bessent that the standoff was unsustainable.
Trump Floats ‘Substantial’ China Tariffs Cuts in Trade Deal
‘It will come down substantially but it won’t be zero,’ Trump said Tuesday in Washington following earlier comments from Treasury Secretary Scott Bessent that the standoff was unsustainable.
Marketing
How Brands Are Selling Higher Prices to Their Customers
As US tariffs create market uncertainty globally, brands are balancing transparent communications and conversion-driving marketing tactics to maintain sales and customer loyalty.
How Brands Are Selling Higher Prices to Their Customers
As US tariffs create market uncertainty globally, brands are balancing transparent communications and conversion-driving marketing tactics to maintain sales and customer loyalty.
Global Markets
Target, Walmart Executives to Meet Trump as Tariff Angst Spreads
Business executives from Walmart, Target, Home Depot and Lowe’s will seek relief from sweeping tariffs in a meeting with Trump at the White House on Monday, Bloomberg reported.
Target, Walmart Executives to Meet Trump as Tariff Angst Spreads
Business executives from Walmart, Target, Home Depot and Lowe’s will seek relief from sweeping tariffs in a meeting with Trump at the White House on Monday, Bloomberg reported.
Retail
Trump’s Trade War Is Reshaping Shipping Routes
For years, brands have used Mexico as a cheap storage location for goods destined for sale in the US market. Now, new tariffs have spurred an exodus, with companies rushing to shift warehousing onto American soil.
Trump’s Trade War Is Reshaping Shipping Routes
For years, brands have used Mexico as a cheap storage location for goods destined for sale in the US market. Now, new tariffs have spurred an exodus, with companies rushing to shift warehousing onto American soil.
The News in Brief
L’Oréal India in Talks to Acquire Beauty Company Innovist
L’Oréal is in advanced talks to acquire a majority stake in Bare Anatomy parent Innovist sources told The Economic Times India.
Zegna Chairman Says War Has Clouded Visibility of Demand in Middle East
The Italian fashion house cautioned the war is reducing visibility on demand in the Middle East, which accounts for 7 percent of its sales, though all stores are currently open in the region.
Glossier Appoints New CMO
Nicole Solorzano, who joins from Ouai, is the Millennial beauty brand’s latest hire.
Macy’s CEO Points to E-Shaped Economy, Signalling Consumer Shift
The mention of a forked economy by the head of America’s largest department store signals a heightened wariness that middle-income Americans will continue to spend at the same pace.
France’s Bid to Suspend Shein’s Marketplace Rejected by Appeals Court
The decision from Paris’ Court of Appeal marked a win for the fast-fashion giant after a scandal over sex dolls resembling children for sale on its site.
Coty Announces Board Revamp
The embattled Covergirl owner has appointed five new independent directors amidst a wider leadership and company shakeup.
Zimmermann Names Roberto Eggs CEO
The Moncler Group executive will succeed longtime CEO Chris Olliver, who is staying on as executive chairman.