The growth of the Chinese economy in April did not meet analysts' expectations. Retail sales growth and production growth in the country were lower than previously expected, according to Reuters and AP News. A major reason cited was the increase in import duties between the US and China since the beginning of April. Retail sales growth amounted...
20 May 2025
Paris - French luxury group Hermès is set to increase its prices in May in the US to offset the 10 percent tariff. The company also reported an 8.5 percent increase in turnover in the first quarter of 2025. Hermès, which on Tuesday ousted its rival LVMH as the leading French stock market capitalisation, will “fully offset” the impact of the 10...
17 Apr 2025
Washington - Retail sales in the United States accelerated in September, according to government data released Thursday, a positive sign for consumption as the election approaches. Overall sales rose 0.4 percent to 714.4 billion dollars (549.8 billion pounds) between August and September, according to Commerce Department data, beating analysts'...
17 Oct 2024
British luxury brand Sunspel is continuing its retail expansion in the US with a new store opening in sunny Los Angeles. Located at 3312 Sunset Boulevard in Silver Lake, the latest store opening sees the brand build on the success of its first West Coast store, which opened in November 2023 in Marin Country Mart, north of San Francisco. Marking...
15 Mar 2024
Fashion design student HyeRin Lee from the Fashion Institute of Design and Merchandising (FIDM) in California has been named the winner of the US edition of the annual Pierre Cardin Young Designers Contest 2022. The young fashion designer who was born and raised in Seoul, South Korea, wins a fully paid three-month apprenticeship which includes...
2 Dec 2022