President Trump recommends ‘straight 50%’ tariff on imports from EU

Adidas Downtown LA store. Credits: Adidas Adidas has warned consumers of a potential breach of data. The sportswear giant told Reuters that an “unauthorised external party” had garnered certain c

USA Credits: Pexels Soho Apparel Group, the supplier to US retailers like Nordstrom, Burlington and TJ Maxx, has said it is planning an “aggressive” US manufacturing expansion in “alignment wit

Chinese and USA flags, image for illustration. Credits: Image generated with AI DALL-E3 image generator. From false claims of Americans panic-buying Chinese goods to bot-driven attacks on US brands,

Credits: LynnSophie® For career-driven mothers, time is currency, and clothing that complicates the day simply doesn’t make the cut. The modern wardrobe must do more than just dress a woman; it ha

Credits: BFA The Business Fashion Academy (BFA) appointed four leading professionals as members of its new advisory board, effective June 1, 2025. With this strategic move, BFA underscores its growin

Though there are no clear signs of a slowdown in trade flows now, with uncertainty at peak levels, the global economy is expected to see a slowdown, with more risks to the downside and more questions than answers, CaixaBank said. Although a material reduction in the flows of goods is likely over the coming months, particularly between the US and China, the impact so far is still limited, it noted.

G7 members would continue to monitor ‘non-market policies and practices’ that contribute to imbalances in global trade, a statement by the grouping said after a meeting of its top finance officials concluded in Canada recently. The statement did not mention the US reciprocal tariffs, but Canadian finance minister Francois-Philippe Champagne said participants did discuss the effects of the tariffs.

UK retail sales volumes are estimated to have risen by 1.2 per cent month on month (MoM) and 5 per cent YoY in April 2025. Such volumes rose by 1.8 per cent quarter on quarter and 2.6 per cent rise YoY in the three months to April 2025. The amount spent online fell by 0.3 per cent MoM in April. Total spend (the sum of in-store and online sales) rose by 0.7 per cent MoM in the month.

Delta Galil reported record Q1 FY25 results with sales up 11 per cent to $498.7 million, marking its fifth consecutive quarter of growth. Net income rose 46 per cent to $17.6 million, while online brand sales grew 21 per cent. Despite margin pressure, EBIT climbed 26 per cent. The company withdrew prior guidance due to new US tariffs but expects limited impact and is implementing cost-saving measures.

Gokaldas Exports has reported its highest-ever income of ₹3,917 crore (~$458.77 million) in FY25, up 63 per cent YoY, with strong growth in PBT, PAT, and EBITDA. Q4 FY25 income rose 27 per cent YoY to ₹1,035 crore. Margin improvements were driven by productivity and cost efficiency. The company sees FY26 as challenging due to US tariffs but is optimistic about opportunities from the India-UK FTA.

Tanja Ruhnke Credits: Richard Burbridge / Valentino Tanja Ruhnke and Italian fashion house Valentino are reportedly parting ways after only a short time. WWD reported, citing sources, that Ruhnke had

Dion Lee AW23. Credits: ©Launchmetrics/spotlight US e-commerce retailer Revolve Group is believed to have snapped up the intellectual property (IP) assets of Australian fashion brand Dion Lee. This

Luke Robins Credits: Highsnobiety Berlin-based streetwear pioneer Highsnobiety has appointed Luke Robins as general manager for the UK and France. Highsnobiety announced on Wednesday that, in this po

Donald Trump Credits: Jim Watson / AFP In a trade dispute with the European Union, US president Donald Trump advocated for punitive tariffs of 50 percent. He wrote on his online platform, Truth Socia

Losanje for Paris Basketball. Image: Losanje Interview French start-up Losanje, founded by Simon Peyronnaud and Mathieu Khouri, winner of the ANDAM 2025 Fashion Innovation Award, established itself a

The Schiesser store in Abu Dhabi Credits: Schiesser GmbH, Fotograf: Jashanmal National Company LLC Israeli textile group Delta Galil Industries Ltd had a successful start to the 2025 financial year.

Monsoon store front. Credits: Adena Group Nick Stowe, the chief executive officer of Monsoon Accessorize, has said that he is expecting the British retailer to return to profit in 2025, after what he

Elbroich Castle in Düsseldorf: Headquarters of The Platform Group AG Credits: The Platform Group The Platform Group AG (TPG) achieved revenue growth in the first quarter of the 2025 financial year.