US Consumer Pessimism Eases Amid Cooling US-China Tariff War
Consumer confidence increased in May, according to the Conference Board, with fewer people expecting a recession and higher stock...
US
US and China Agree on 90-Day Tariff Pause and Further Talks
In a recent agreement, the US and China have decided to decrease escalating tariff rates on each other's imports....
UK-US Reach Trade Deal with 10% Tariff Remaining on Other Goods
In a groundbreaking move, the UK and the US have struck a unique trade deal that will see the...
Primark’s Global Growth Amidst UK Sales Decline
Lead: Budget fashion giant Primark sees sales rise to £4.47bn amidst challenging UK market conditions. Despite a 4% drop...
UK Chancellor Considers Ending Tariff-Free Import Scheme Amid Chinese Dumping Concerns
Chancellor Rachel Reeves is contemplating the termination of the Low Value Import scheme that enables online retailers to import...
UK Chancellor Rejects ‘Buy British’ Campaign Amid Tariff Tensions with US
In response to potential tariffs from President Trump, UK Chancellor Rachel Reeves dismisses the idea of a "Buy British"...
Rebrands, Record Sales, and Challenges in the Retail Industry
Boohoo Group, now rebranded from its acquisition of Debenhams, faces challenges for its youth-focused brands as revenue drops 16%...
Asos Shifts Structure with New Managing Director Appointments
In a recent organizational shakeup, online fashion retailer Asos has appointed two new managing directors in an effort to...
Shein Shifts Production to Vietnam to Escape Tariffs
In an effort to avoid US tariffs on Chinese goods, fast-fashion giant Shein is urging its Chinese suppliers to...
Mango’s Profits Soar as Sales Surpass €3bn
Lead: Mango's turnover skyrockets to €3.1 billion in 2023, fueled by a 15% increase driven by international sales dominance....