By Reuters Published June 5, 2025 Lululemon Athletica cut annual profit expectations and forecast second-quarter revenue below estimates on Thursday, as consumer demand waned amid increased competition and a gradual economic slowdown triggered by uncertainty over the Trump administration’s trade policy. Lululemon Shares of the sportswear maker fell 21% in after-market trading. Although Lululemon has…
Calvin Klein owner PVH Corp. on Wednesday announced first-quarter sales beat expectations to rise 2% to $1.984 billion, thanks to growth at its Tommy Hilfiger brand. Calvin Klein The New York-based company said Calvin Klein brand sales were flat at for the three months ending May 4, outpaced by a 3% sales uptick at brother brand, Tommy…
By Reuters Published May 23, 2025 European luxury stocks declined sharply on Friday following U.S. President Donald Trump’s announcement recommending a 50% tariff on European Union goods, set to take effect on June 1. Trump’s tariffs hit European luxury industry, shares tank – Reuters The luxury sector—which includes handbags, shoes, fashion goods, and champagne—relies heavily…
Revolution Beauty Group issued a trading update for the 12 months to the end of February (FY25) on Tuesday and said revenue fell 26% during the year. Revolution Beauty And while it had expected double-digit net sales declines to continue into Q1 of FY26, driven by the remaining impact of SKU discontinuations, March and April…
Insulin, heart treatments and antibiotics have flowed freely across many borders for decades, exempt from tariffs in a bid to make medicine affordable. But that could soon change. For months, President Trump has been promising to impose higher tariffs on pharmaceuticals as part of his plan to reorder the global trading system and bring key…
By AFP Translated by Nazia BIBI KEENOO Published April 26, 2025 French companies exposed to the U.S. market are taking action to manage rising tariffs, using price hikes, production shifts, and cost-cutting measures to protect their margins. Bernard Arnault and Donald Trump in 2017. – Photo de Nicholas Kamm / AFP Price hikes to absorb…
President Trump’s decision to move a step closer to imposing tariffs on imported medicines poses considerable political risk, because Americans could face higher prices and more shortages of critical drugs. The Trump administration filed a federal notice on Monday saying that it had begun an investigation into whether imports of medicines and pharmaceutical ingredients threaten…
After more than a week of ratcheting up tariffs on products imported from China, the Trump administration issued a rule late Friday that spared smartphones, computers, semiconductors and other electronics from some of the fees, in a significant break for tech companies like Apple and Dell and the prices of iPhones and other consumer electronics….
For months, Nintendo, the maker of famed video game series like Super Mario Bros. and Donkey Kong, had expected the morning of April 2 to be a celebration. To much fanfare, the company announced the price and release date for the Switch 2, its new video game console eight years in the making. At an…
Every waiter knows the type: the volatile diner who barges in with a list of demands, orders an off-the-menu item that sends the kitchen into a panic and then at the last minute changes his mind and decides he’ll just have the steak. So if anybody knows how to handle President Trump’s stunning reversal on…