Shopping will now save the planet. Florida Governor Ron DeSantis announced this week that the state is taking an uncharacteristically classy approach to tackling one …
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Goods
LVMH Returns to Growth in Third Quarter, but Fashion and Leather Goods Continues to Drag
LVMH’s fashion and leather goods business remained under pressure in the third quarter with revenue falling 2 percent, as the owner of Louis Vuitton and …
Dick’s Raises Its Outlook on Strong Sporting Goods Demand
Dick’s Sporting Goods Inc. raised its full-year outlook, a welcome sign of strong consumer demand as the retailer prepares to acquire sneaker chain Foot Locker …
TJ Maxx Parent Tops Expectations as Bargain Goods Still Sell
Off-price retailer TJX Cos. raised its full-year earnings per share outlook after better-than-expected results, a sign that shoppers wary of economic uncertainty are turning to …
Trump Says Indonesia Goods to Face 19% Tariff Under New Pact
US President Donald Trump said he reached a deal with Indonesia that will see goods from the country face a 19 percent tariff, while US …
US Prices for China-Made Goods on Amazon Rise Faster Than Inflation, Analysis Shows, as Tariffs Bite
Prices for goods made in China and sold on Amazon.com have been rising faster than overall inflation, according to an analysis of 1,400 different products …
Worldview | Vietnam’s Crackdown on Counterfeit Luxury Goods
This week’s round-up of global markets fashion business news also features Indian cosmetics giant Nykaa, overseas Chinese shoppers and Jumia’s push to counter Temu in …
Foot Locker Sales Miss Ahead of Dick’s Sporting Goods Purchase
Foot Locker Inc.’s sales slump persisted in the latest quarter, a potential headache for Dick’s Sporting Goods Inc. as it prepares to acquire the struggling …
Trump Extends Deadline for 50% Tariffs on EU Goods to July 9
President Donald Trump said he would extend the deadline for the European Union to face 50 percent tariffs until July 9 after a phone call …
Dick’s Sporting Goods is Nearing $2.3 Billion Deal for Foot Locker
Dick’s Sporting Goods Inc. is in advanced talks to buy Foot Locker Inc., whose stock had dropped 41 percent this year amid the back-and-forth over …
US Tax Bill to End Duty-Free Imports of Cheap Foreign Goods
House Republicans have proposed using their giant tax and spending bill to end duty-free imports of cheap foreign goods, a move that would eliminate a …
China trolls America with ‘Made in US’ luxury goods from their factories
As millions of businesses cop the heat of the US tariff war, Chinese manufacturers are pushing back against the gratuitous world of consumerism from which …
EU Suspends Retaliatory 25% Tariffs on US Goods After Trump U-Turn
The EU has suspended its retaliatory 25 percent tariffs on US goods for 90 days after Donald Trump’s dramatic climbdown in his trade war. The …
EU to Make E-Commerce Platforms Liable for Unsafe Goods
The European Union is planning to make e-commerce platforms such as Temu, Shein and Amazon Marketplace liable for dangerous or illegal products sold online, the …
LVMH Fashion and Leather Goods Sales Fall 5%, Missing Estimates
LVMH’s critical fashion and leather goods division reported third-quarter sales down 5 percent, missing the expectations of analysts who had predicted between 0 and 2 …
Roblox to Sell Physical Goods Through Shopify Integration
Roblox has its eye on e-commerce. The popular gaming platform and Shopify on Friday announced a global partnership that will allow creators of Roblox experiences, …
Macy’s Tempers Annual Revenue View on Weak Demand for Pricier Goods
Macy’s lowered its annual net sales forecast on Wednesday as inflation-weary customers hold back from spending on upscale apparel and accessories, sending shares of the …
Retail Startup Neighborhood Goods Shutters All Four Stores
Neighborhood Goods, a chain of multi-brand stores that stock indie brands such as Andie Swim and D.S. & Durga, is shuttering, chief executive Matt Alexander …
PDD’s Temu Seeks US-Based Compliance Help Amid Scrutiny of China Goods
E-commerce marketplace Temu is looking to hire a compliance officer based in the US, job ads showed, after lawmakers scrutinised the Chinese company for allegedly …
Hailey Bieber Wore Bottega Veneta Shopping At Community Goods
Between the amount of black dresses, especially black velvet dresses we’ve seen on the red carpet this week, Hailey Bieber’s recent California street style look …