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Latest in Government and Trade

China’s Economy Grew 5.2% in 2023; Retail Sales Rose 7.2%

Cosmetics sales were up 5.1 percent to about $58 billion, according to data from the National Bureau of…

What to Watch: Surviving an Election Year on Edge

From frazzled consumers to congressional gridlock, fashion faces a tough road ahead in what will be an…

U.S. Extends China Tariff Exclusions for Five Months

House members say the U.S.-China relationship has to be reconfigured, taking into account medical products…

France Slaps Rolex With 91.6 Million-euro Fine for Banning Online Sales

The French competition watchdog said the measure had been disproportionate given other brands had found ways…

Assessing G7 and European Union’s Russian Diamond Ban

The ban and coming traceability requirements closed a loophole that could have seen a diamond mined in Russia…

Alibaba Halts Cloud Spin Off, Revenue Grows 9% in Q3

Shares tumbled around 10 percent after the announcement on Thursday.

New York Launches Task Force to Fight Retail Theft

Retailers such as Gap, Macy's and Victoria's Secret will join city officials and law enforcement agencies on…

LVMH Celebrates Cultural Exchange at the Sixth Edition of CIIE in Shanghai

During CIIE's opening day Sunday, LVMH delegates met with China's commerce minister and hosted a series of…

UNESCO Maps Out Path to Success for African Fashion Industry

In a report presented at Lagos Fashion Week, the United Nations' cultural agency detailed recommendations for…

Peak Holiday Shipping Season Is Over as Shoppers Bought Earlier and Retailers Imported Sooner

Warehouse inventories are nearing pre-pandemic levels as consumers whittle down purchases and devote more…

Major Fashion Events in the Middle East Canceled or Postponed as Israel-Hamas War Continues to Escalate

Fashion Trust Arabia, We Design Beirut in Lebanon and many luxury brand events in Dubai were postponed or…

Micam Buyers and Vendors Say Product Differentiation Is Key as They Look to Stand Out in Changing Market

More than 1,700 brands exhibited at the biannual international trade show.

Peak Shipping Season Gets Off to a Modest Start

It's not quite full steam ahead as warehouses remain packed and cargo container traffic is soft at Southern…

OTB, Renzo Rosso Present Campaign Promoting Italian Fashion, Supply Chain

Rosso has presented the Minister of Enterprises and Made in Italy a campaign aimed at highlighting the…

U.K. Parliament Debates Tax-free Shopping for International Visitors

Data released by the New West End Company ahead of the debate showed that the absence of tax-free shopping…