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Jeannette Neumann

Madrid, New York

Reporter at Bloomberg News

Reporter for Bloomberg in New York. I write about the luxury retail sector. Previously in Madrid. [email protected] Formerly @WSJ

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Articles

  • 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.”

  • 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.

  • 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.

  • 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.

  • 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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Jeannette Neumann
Jeannette Neumann @JENeumann
6 Feb 23

RT @business: What do you think Bed Bath & Beyond could have done to avoid its impending bankruptcy? https://t.co/PRGdAFCOC1

Jeannette Neumann
Jeannette Neumann @JENeumann
6 Feb 23

RT @business: [THREAD] Bed Bath & Beyond is on the brink of bankruptcy after years of financial turmoil. Here’s how the once-popular ret…

Jeannette Neumann
Jeannette Neumann @JENeumann
6 Feb 23

Bed Bath & Beyond is on the brink of bankruptcy. We explain in this article how the retailer, famous for its 20% off coupons, ended up here. https://t.co/zJ06AFGFdC