Latest Articles in Business

American footwear industry warns of tariff fallout

A coalition of major U.S. footwear companies is sounding the alarm over the potential devastation of new tariffs, warning that the levies could trigger widespread business closures, job losses, and price hikes for consumers. In a letter to the Trump administration, the Footwear Distributors and Retailers of America (FDRA), representing industry...

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Hermès to form an Artificial Intelligence Governance Committee

Data, retail tools, automation of logistics processes, and decision-making support are the main areas in which Hermès uses artificial intelligence (AI). The Parisian group, questioned by a shareholder ahead of the general meeting held in the French capital on Wednesday, April 30, discussed its relationship with AI and future developments. “AI is...

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Messyweekend expands into the Philippines

Messyweekend is pushing forward with its expansion in Southeast Asia, starting with a retail partnership for the Philippines. The Danish eyewear specialist is now available in 38 stores of the retail chain SM Retail in the Philippines, Messyweekend announced this week on the careers network Linkedin. The partnership represents an “important step...

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Trump officially closes de minimis loophole for Chinese goods: What you need to know

The de minimis tax exemption has officially closed for Chinese imports to the US. The loophole has caused much debate in recent years, particularly as experts weigh the possible impact and implications on both companies and consumers if a full halt was enforced. Here is what you need to know… What is the de minimis exemption? De minimis – a...

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Shein pauses London IPO as US tariffs and customs clamp down

Fast fashion giant Shein is believed to have halted plans for its London IPO as uncertainty around tariffs continues to heighten. The company is said to have not renewed contracts with two corporate communications firms that had been brought in to advise on the potential listing, according to The Times. FGS Global and Brunswick had reportedly...

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Lavish Alice founders launch 'design-first' consultancy agency

Lee Bloor and Matthew Newton, the founders of British clothing brand Lavish Alice, have announced the launch of Gaia the Agency, a strategic consultancy firm for fashion, travel, leisure and hospitality. The aim of the company is to aid emerging and established brands “cut through in a saturated market”, delivering support across brand...

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Amazon Q1 sales surge, but guidance concerns investors

Amazon.com’s financial results for the first quarter of 2025, showcased growth across its core business segments. Net sales increased by 9 percent year-over-year to 155.7 billion dollars, with North America contributing 92.9 billion dollars and international sales reaching 33.5 billion dollars. Amazon Web Services (AWS) experienced a 17 percent...

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Columbia Sportswear withdraws 2025 forecast citing tariff pressures

Columbia Sportswear Company reported its first quarter 2025 financial results showcasing a modest uptick in performance amid global economic uncertainties. Despite the positive quarterly performance, Columbia Sportswear withdrew its previously issued full-year 2025 financial outlook, citing macroeconomic uncertainties stemming from recent U.S....

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Aritzia records strong revenue and profit growth in fiscal 2025

Luxury design house Aritzia delivered a strong financial performance in fiscal 2025, reflecting significant improvements in revenue growth and profitability across both its retail and eCommerce channels. The company reported a 31.3 percent increase in net revenue for the fourth quarter, reaching 895.1 million Canadian dollars (647.7 million...

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What to know about Marks & Spencer’s cyber attack

Almost a week has gone by since Marks & Spencer’s put a halt on online orders as it attempted to grapple with a cyber attack on its systems. Little is still known about what the incident involved and how the company, its employees and customers have been impacted. Yet now, with local police getting involved and speculation surrounding who was...

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Cindy Crawford and family invest in Vuori

Southern Californian performance lifestyle brand Vuori has announced a partnership with the Gerber-Crawford family, which will see supermodel Cindy Crawford and her husband Rande Gerber, alongside their model children Presley Gerber and Kaia Gerber become long-term collaborators of the brand. In a statement, Vuori said that the Gerber-Crawford...

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Seraphine unveils brand identity refresh

Maternity fashion label Seraphine has unveiled a new brand identity designed to align more closely with a “whole new paradigm” of pregnancy and “deliver on the needs of a modern, pregnant woman”. The shift in approach comes as a “new era” of communication around pregnancy takes precedence, Seraphine said, a one “defined by authenticity,...