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By Reuters Published August 7, 2025 Caught between rising costs from tariffs and belt-tightening consumers, big retailers are clashing with the producers of consumer brands such as Nivea-maker Beiersdorf and brewer Heineken, as they look to avoid sticker shock that could hurt sales. Beiersdorf makes Nivea skincare products – AFP The disputes – which have dented […]

By Bloomberg Published August 7, 2025 One of Donald Trump’s highest tariffs is now in effect on Switzerland after the government failed in its last-ditch effort to get the US president to lower the rate. The 39% surcharge on exports – from Swiss-made luxury watches to Nespresso coffee capsules – is the highest among developed

By AFP Published August 7, 2025 Officials in the southern Mexico state of Oaxaca accused sportswear giant Adidas of cultural appropriation after the fashion brand debuted sandals similar to a traditional design from the region. Designer Willy Chavarria collaborated with Adidas to create the Oaxaca slip on sandal – BFA The Oaxaca Slip-On sandals were

By Reuters Published August 7, 2025 Elf Beauty said on Wednesday it expects a smaller core profit margin for the first half of fiscal 2026 due to higher tariff costs, clouding gains from an upbeat first quarter. Shares of the company, which refrained from providing fiscal 2026 forecasts for the second time in a row,

A renewed call to reinstate tourist tax-free (that is, VAT-free) shopping in the UK comes after the latest data shows domestic shoppers are “deserting” UK stores and “flocking” to the EU to take advantage of… tax-free shopping. Shutterstock Spending’s increasing annually and has so far risen more than fivefold since 2021, according to the Association

As its American parent files for bankruptcy, there are concerns that the UK arm of budget jewellery and accessories retailer Claire’s may struggle to find a buyer, raising the prospect of further job losses in a British retail sector already under pressure. Claire’s A report by Sky News said the news organisation “has learnt that

Mango will accelerate the expansion of its Teen line in the UK with the Spanish fashion giant saying it has identified a gap in the market for “youthful, contemporary and quality” fashion, while also noting that the sector’s witnessing “growing teen spending power in the UK”. Supporting its expansion plan, the brand has given Mango

By Reuters Published August 6, 2025 Capri Holdings posted a smaller-than-expected drop in quarterly revenue on Wednesday, helped by improving demand for the Michael Kors owner’s luxury handbags and footwear despite a broader retail slowdown. Michael Kors is known for its ready-to-wear and accessories – Reuters Its shares shot up about 10% in premarket trading.Investors

Fendi opened its first boutique in Cancun on July 31, adding a new key destination as it expands in the Mexican market. Located in the La Isla complex, the store measures more than 179 square metres and was designed to integrate the aesthetic legacy of the Italian fashion house with references to the Mexican Caribbean.

By Reuters Published August 6, 2025 US President Donald Trump on Wednesday issued an executive order imposing an additional 25% tariff on Indian goods citing New Delhi’s continued imports of Russian oil, sharply escalating tensions between the two countries after trade talks collapsed. Increased tariffs have tested India-US relations The new measure raises tariffs on