12 May 2025
12 May 2025
National Retail Federation chief economist Jack Kleinhenz has observed that concerns about the economic outlook are on the rise across the US, despite the absence of a recession following the implementation of tariffs by President Donald Trump.
The US' reduction on tariffs against China is great news for the global fashion sector, but last week's UK-US trade deal that kept 10% tariffs across the board will be of grave concern for many other fashion sourcing countries.
The US and China have reached an agreement that sees import tariffs on both sides slashed for 90 days with an industry expert describing it as "respite" for US fashion brands and retailers.
US footwear company Wolverine Worldwide has retracted its financial forecast for the full year 2025 due to tariff uncertainties despite exceeding expectations “on just about every financial measure” in Q1.
Danish fashion enterprise Bestseller endorses the initiative by EuroCham Myanmar Garment Advocacy Group to revisit and revise the minimum wage standards for garment workers in Myanmar.
Global cotton sustainability initiative Better Cotton has unveiled a new roadmap aimed at enhancing the quality of life for millions of people involved in cotton farming.
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