Helen Reid

1 month ago | businesslive.co.za | Arriana McLymore |Helen Reid

Newark, New Jersey — US President Donald Trump’s Made in America push is prompting some US clothing retailers to expand domestic production of everything from T-shirts to coats and suits, several executives said this week. But limited capacity makes a large-scale shift to US production unlikely, and US-made clothing comes at higher cost because of elevated labour expense and tariffs on materials, the executives said.

1 month ago | businesslive.co.za | Helen Reid |Corina Pons

Inditex gave no reason for the slower growth, but businesses have been warning of weaker demand, particularly in the US, Inditex’s second-biggest market by sales after Spain. The ongoing trade war with China, Mexico and Canada has strained US consumers. “We live in an uncertain environment, an environment in which it is, logically, our obligation to monitor every piece of news that is produced.

Jan 24, 2025 | businesslive.co.za | Helen Reid

Support our award-winning journalism. The Premium package (digital only) is R30 for the first month and thereafter you pay R129 p/m now ad-free for all subscribers. Picture: REUTERS/DADO RUVIC London — Online fast-fashion retailer Shein requires its contract manufacturers to only source cotton from approved regions, which do not include China, for products it sells into the US, its biggest market, the company said on Friday.

Jan 23, 2025 | businesslive.co.za | Helen Reid

Puma shares slid 18% on Thursday after the German sportswear brand reported lower than expected fourth-quarter sales and a decline in annual profit, raising questions about its ability to compete against bigger rivals Adidas and Nike. The weak results late on Wednesday came after Adidas reported strong sales and profitability, highlighting the work Puma still faces to boost its brand and take a bigger slice of the $400bn global sportswear market.

Nov 6, 2024 | globalbankingandfinance.com | Linda Pasquini |Helen Reid |Uma Rajagopal

Published : 25 seconds ago, on 06/11/2024 By Linda Pasquini and Helen Reid(Reuters) -German sportswear maker Puma’s third-quarter sales missed expectations on Wednesday due to sluggish demand and as weaker currencies in markets like Mexico, Argentina and Japan weighed on its revenue in euro terms.