This Weeks News
Week 6 - 2025
U.S. Tariffs Impact Fast Fashion Retailers
President Trump is expected to slap Beijing with a 10% tariff, which kicks in Tuesday, but his executive orders issued Saturday also closed a trade loophole used by Shein and fellow Chinese e-commerce giant Temu to expedite shipments. (Source)
Superdry Announces Store Closures
The retailer, introduced to the masses by David Beckham, closed 12 stores over the first half of the year, taking its estate to 96 branches…. This followed the firm saying its revenue had fallen by nearly a quarter to £219.8million in the six months to the end of October 2023. (Source)
Harvey Nichols Embarks on Rebranding Journey
Over the next 12 to 18 months, floorplans will be reorganised, the assortment of brands will be honed, visual merchandising will be souped up, the currently empty restaurant space where Diana had a regular lunch table will be revived. (Source)
The parent company of Michael Kors and Versace, reported a nearly 12% decline in revenue over the holiday period. Find out why on our website.
In trying to revive sales for Michael Kors and Versace, his company tanked them instead. Steep price increases and other missteps led to a nearly 12% decline in quarterly revenue during the important holiday period. (Source)
Under Armour announced a 20% decrease in e-commerce sales
Under Armour sales are still struggling, with net revenue down 5.7% in Q3, according to a Thursday press release. Overall revenue reached $1.4 billion in the quarter and revenue in North America, its largest region, declined 7.8% to $844 million. (Source)