Economy
7 articles
Canada US trade war impact on North American fashion proves surprisingly resilient
In 2019, despite a 25% US tariff on Canadian steel and retaliatory Canadian tariffs on US goods, the overall volume of fashion trade between the two nations only dipped by a mere 3%.
USMCA Review Begins July 1 Amid Economic Stakes
North Carolina, which exported a record $43.
Bangladesh garment factories lay off 1,900 workers amid falling orders
Nearly 1,900 workers were laid off from Al-Muslim Group's seven garment factories in Bangladesh, a stark indicator of plummeting international purchase orders.
US fuel costs hit $5.64 per gallon, squeezing truck deliveries
One tank of diesel for Greg Dubuque's vehicles, once $600, now costs $1,000, according to latimes.
Luxury brands face demand slump, McKinsey report finds
Just as the Met Gala showcased peak luxury extravagance, a new report from McKinsey reveals the luxury sector is poised to generate less value this year than the last.
Luxury brands face Middle East conflict strategy challenges
Sales at Dubai's Mall of the Emirates plummeted by 30-50% in March.
Rio Fashion Week boosts Brazil's economy with global appeal
This year, 40% of collections at Rio Fashion Week showcased sustainable materials, a significant leap from last year's 25%, according to the ABIT Report.