United States news and archive

Vestiaire Collective eyes profitability in 2026 ahead of US expansion push

Vestiaire Collective is reportedly set to achieve its first annual profit this year, as it prepares to expand across the United States. The news comes after Vestiaire Collection saw its valuation decline to approximately 1.1 billion euros in 2024 from a 1.4 billion euro peak in 2021. However, since then, the online luxury resell platform has...

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Better Cotton Initiative opens producer enrollment in the US

Better Cotton Initiative (BCI), the world’s largest cotton sustainability initiative, has announced the opening of producer enrollment in the United States, until May 15, for the 2026-2027 season. US producers of cotton interested in working with BCI can complete a brief Producer & Program Partner Interest Survey online. What sets the BCI apart...

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US President Donald Trump suspends Greenland tariffs

MADRID – Amid the volatile and unpredictable trade strategy defining the current U.S. administration, President Donald J. Trump has announced the suspension of the so-called “Greenland tariffs.” The decision was shared late Wednesday afternoon, following the President's address at the 2026 World Economic Forum in Davos. Utilizing his social...

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Swiss watchmakers halt US shipments awaiting lower tariffs

Zurich, Switzerland – Swiss watch exports to the US plummeted again in November, as manufacturers delayed shipments in anticipation of a tariff reduction to 15 percent. According to data from the watchmaking federation published on Thursday, exports to the US fell by 52.3 percent in November. This follows declines of 46.8 percent in October,...

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Nextil welcomes Maxum to capital structure, launches circular fashion vertical NextGreen

Madrid – Nextil Group continues its journey towards growth and improved profitability. The Spanish textile multinational has announced a new strategic agreement with US-based Maxum International Group. This binding partnership strengthens existing ties between the two companies. It guarantees support for the launch and growth of NextGreen, a new...

Retail

British brand Boden opens first brick-and-mortar store in Georgia

British fashion label Boden has finally crossed a long-anticipated milestone: the opening of its very first standalone store in the United States. The 2,000-square-foot shop, located at 5165 Avalon Boulevard in Alpharetta, Georgia, opens a new chapter for the catalog-born retailer as it brings its cheerful, quintessentially British vibe to...

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Retail

Inditex expands US presence with new Zara store in Las Vegas

Madrid – Just over two and a half years have passed since Inditex first mentioned its development strategies for Las Vegas. The Spanish fashion multinational has now announced the opening of a new Zara flagship store in the city popularly known as 'Sin City'. The establishment has already opened its doors in the iconic Caesars Palace hotel. The...

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US tariffs spark concern in India's textile capital

Tiruppur, India - The roar of sewing machines has given way to an unusual quiet in the textile factories of Tiruppur, in southeastern India. Since the tariffs on Indian exports was imposed by Donald Trump at the end of August, most have been operating at a reduced capacity. “US orders are almost at a standstill,” notes a disappointed Ramesh...

Retail

Uniqlo plots US retail expansion, with 11 new openings in the pipeline for 2026

Japanese apparel retailer Uniqlo is strengthening its retail presence across the United States, as it announces 11 new openings across the nation for spring/summer 2026. The fashion giant announced that it is “prioritizing purposeful growth in key markets” in the country, with flagship stores set to open in Chicago and San Francisco, and four...

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Fashion

Fashion takes centre stage in latest meeting between Trump and Zelenskyy

Madrid – During a meeting at the White House on Monday, August 18, 2025, between Ukrainian President Volodymyr Zelenskyy and U.S. President Donald J. Trump, fashion once again served as a tool of political communication. As the two leaders met to negotiate an end to the war between Russia and Ukraine, Zelenskyy's attire became a key topic of...

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US-EU Ttade agreement reached, aims for stability amidst uncertainty

Madrid – After months of intensive negotiations, representatives from the United States government and the European Union have successfully concluded a new trade and tariff agreement. European Commission President Ursula von der Leyen hailed the pact, stating it "creates certainty in uncertain times" and offers "stability and predictability for...

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Growth of Chinese economy slowed in april

The growth of the Chinese economy in April did not meet analysts' expectations. Retail sales growth and production growth in the country were lower than previously expected, according to Reuters and AP News. A major reason cited was the increase in import duties between the US and China since the beginning of April. Retail sales growth amounted...