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President Trump places new tariff threat on 60 trade partners

The US Trade Department accuses 60 countries of failing to tackle forced labour and says it will impose 10-12.5% tariffs on major trade partners including China, Vietnam, Bangladesh and India.

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Next outpaces rivals in recovering UK menswear market

GlobalData says the UK menswear market returned to growth in 2025, with Next emerging as one of the category’s strongest performers.

PVH trims 2026 sales guidance on EMEA weakness

PVH Corp. trimmed its fiscal 2026 guidance despite a modest first quarter (Q1) revenue bump, as weak wholesale channels and softening demand in Europe, the Middle East, and Africa (EMEA) weigh on growth.

Gen Z drives resale growth but poor returns erode loyalty

Gen Z is powering the expansion of the secondhand market, but poor return and refund experiences are causing brands to lose both conversions and long-term loyalty, according to new research by post-purchase platform Seel.

Macy’s forecasts flat FY26 performance following lower FY25 sales

Macy’s projects subdued sales performance for fiscal 2026 (FY26) after reporting a decline in net sales for fiscal 2025 (FY25) amid ongoing store closures.

Lenzing promotes COO Georg Kasperkovitz to CEO

The Supervisory Board of Lenzing AG has appointed Georg Kasperkovitz as chief executive officer (CEO), effective from 1 June 2026.