The golden age of affordable European luxury ended in a flash, with a single announcement. On May 23, 2025, Donald Trump proposed a 50% tariff on EU goods, and some of Europe’s most iconic fashion houses instantly caved. These are the brands that survived world wars, recessions, and even COVID. But this time, they scrambled. Price structures that hadn’t shifted so drastically in a century ...
Despite Court Ruling Against Trump’s Tariffs, Trade Partners Are More Wary Than Hopeful
On May 28, 2025, a federal court struck down Trump’s controversial tariffs; a decision that should have reassured global markets. Instead, an appeals court reinstated them the very next day, kicking off a volatile legal tug-of-war. What followed wasn’t relief, it was chaos. For international trade partners, the issue is no longer just tariffs. It’s the unpredictability of U.S. trade policy, ...
Target And Walmart Sound Alarm Over Retail ‘Collapse’ As Shelves Go Empty
For years, “retail apocalypse” headlines have cried wolf. Many blamed Amazon, others warned of overbuilt malls, but most claims fizzled. What’s happening now is different. Target just slashed its 2025 outlook after a brutal quarter, projecting a “low-single digit decline” in annual sales. Walmart’s CEO Doug McMillon has gone straight to President Trump with warnings that store shelves may soon run ...
New ‘Buy Now, Pay Later’ Service Launched by Costco
As global trade tensions ease following China’s rollback of its 125% tariffs, Costco is making a timely financial play. The retail giant has launched a “Buy Now, Pay Later” program with Affirm, allowing online shoppers to finance purchases from $500 to $17,500 over three to 36 months. The move arrives as the White House warns of growing economic pressure on Beijing, signals that could ...
Fashion Giant Vows To Eat $50 Million In Losses Over Tariff Wars
It’s become a familiar story in retail: tariffs go up, and so do prices. However, one fashion giant is breaking that pattern in dramatic fashion, choosing to absorb $50 million in losses rather than raise prices for its customers. While big names like Walmart and Target are hiking prices to offset trade war costs, this American brand is charting a different course. Surprisingly, the ...
North America’s Oldest Retailer Fires 89% Of Workforce By Sunday
Canada is bracing for one of the most abrupt retail collapses in its history, and most people haven’t even heard about it yet. A once-dominant company, with roots reaching back centuries, is firing nearly 9 out of every 10 employees by Sunday. What’s vanishing isn’t just a business, it’s a thread woven into the national fabric. Thousands of workers are being displaced in a move that feels ...
Joann’s Fabric Closing Every Single Store by May 31
Many believe Joann Fabrics is simply the latest victim of online shopping, but the real story runs deeper than a retail trend. Yes, every Joann store is set to close by May 31, but this isn’t a sudden collapse or temporary setback. It’s the result of years of financial maneuvering that left the company vulnerable. Despite surviving wars, recessions, and the rise of e-commerce, Joann’s is ...
Trump Reverses Another Tariff: What It Means for Prices and Consumers
A tariff threat that stunned the globe. When Donald Trump proposed a sweeping 50% tariff on all European Union imports, the scale and speed of the move jolted markets and raised alarms in global trade circles. Such an aggressive action risked igniting a full-scale trade war with America’s largest economic ally. Then, just days later, Trump abruptly changed course—postponing the tariffs ...
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