
Jeannette Neumann
Reporter at Bloomberg News
Reporter for Bloomberg in New York. I write about the luxury retail sector. Previously in Madrid. [email protected] Formerly @WSJ
Articles
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2 days ago |
japantimes.co.jp | Lily Meier |Jeannette Neumann |Daniela Sirtori
It may only be a 90-day reprieve from the steepest of Trump’s China tariffs, but it’s enough time to entice companies to restart factory operations and start shipping. Therabody, a Los Angeles-based maker of wellness products such as Theragun massagers, restarted manufacturing and is ramping up production again in China, Chief Executive Officer Monty Sharma said. He added that "in my 40 years of work,” he’s never been happier "about a 30% increase in our costs.”
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2 days ago |
bloomberg.com | Lily Meier |Jeannette Neumann |Daniela Sirtori
A bulk carrier arrives at the Port of Los Angeles in California. (Bloomberg) -- It may only be a 90-day reprieve from the steepest of Trump’s China tariffs, but it’s enough time to entice companies to restart factory operations and start shipping. Therabody, a Los Angeles-based maker of wellness products such as Theragun massagers, restarted manufacturing and is ramping up production again in China, Chief Executive Officer Monty Sharma said.
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2 days ago |
news.bloomberglaw.com | Lily Meier |Jeannette Neumann |Daniela Sirtori
It may only be a 90-day reprieve from the steepest of Trump’s China tariffs, but it’s enough time to entice companies to restart factory operations and start shipping. Therabody, a Los Angeles-based maker of wellness products such as Theragun massagers, restarted manufacturing and is ramping up production again in China, Chief Executive Officer Monty Sharma said.
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6 days ago |
news.bloombergtax.com | Jeannette Neumann
Handbag maker Tapestry Inc. raised its annual outlook again, shrugging off broader concerns about worsening consumer sentiment and the trade war. The company said it expects revenue to grow 4% to about $6.95 billion in its current fiscal year, which runs through June. It previously projected a gain of roughly 3%. Tariffs are “are expected to have an immaterial impact” this fiscal year, Tapestry said. That’s because a lot of its items were already in the US and escaped higher tariffs.
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1 week ago |
news.bloomberglaw.com | Jeannette Neumann
To see how tariffs are wreaking havoc on US companies, look no further than Steven Madden Ltd., which imports more than half of its goods from China. In late February, the shoe retailer forecast sales to grow nearly 20% this year. On Wednesday, it pulled that outlook because of what Chief Executive Officer Edward Rosenfeld called “meaningful near-term headwinds” from tariffs. In response, the company has raised some prices in recent days at an average clip of 10%.
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