How tariffs affect retail, Nike

The retail industry is breathing a sigh of relief after it appeared to avoid the worst case scenario on Vietnam tariffs. But some executives believe the tentative trade deal President Donald Trump announced Wednesday is still bad for business and could have a chilling effect on consumer spending.  “It’s a lot better news than where…

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Kroger (KR) Q1 2025 earnings

Shares of Kroger rose about 10% on Friday as the supermarket operator raised its full-year sales outlook and said it’s drawing shoppers seeking lower-priced store brands and cheaper alternatives to dining out. The Cincinnati-based grocer said it now expects identical sales, excluding fuel, to increase by 2.25% and 3.25% year over year, higher than its…

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LVMH’s Rimowa appoints former Jimmy Choo executive Elisabetta Soffietti to lead European retail

Translated by Nazia BIBI KEENOO Published July 1, 2025 Rimowa has tapped Elisabetta Soffietti to lead its European retail strategy, strengthening the LVMH-owned brand’s presence across the region. Known for its sleek aluminum suitcases, Rimowa announced the move via Soffietti’s LinkedIn post. Elisabetta Soffietti – LinkedIn Part of the LVMH portfolio since 2016, Rimowa has…

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Donald Trump’s ‘big, beautiful bill’ provides windfall for US immigration crackdown

Unlock the White House Watch newsletter for free Your guide to what Trump’s second term means for Washington, business and the world President Donald Trump’s “big, beautiful bill” will pump tens of billions of dollars into law enforcement, delivering an unprecedented bonanza for the agencies behind the US administration’s crackdown on undocumented immigrants. Moments after…

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Nicky Hilton launches new personalized jewelry brand

Everything lies within a name. For the Hilton dynasty, the names were formally synonymous with luxury hotels founded by family patriarch Conrad Hilton in 1919. Nicky Hilton wearing a Theo Grace charm necklace – Courtesy of Theo Grace. Since then, it’s become synonymous with the famous Millennial socialite sisters Paris and Nicky, who have been…

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