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New York Leads 12-State Coalition in Suing Trump Over ‘Illegal’ Tariffs

1 day ago | sourcingjournal.com | Kate Nishimura

New York—and 11 other states across the U.S.—are following in California’s footsteps by suing the Trump administration over the impacts of wide-ranging tariffs on American businesses and the country’s economy.
Bangladeshi Factory Safety Monitor Admits Work is 'Not Without Its Challenges"

1 day ago | sourcingjournal.com | Jasmin Malik Chua

It was on the morning of April 24, 2013, when the multi-factory building known as Rana Plaza imploded on the outskirts of Dhaka in Bangladesh.
Tariff Ticker: Trump ‘Chickening Out’ on China?

1 day ago | sourcingjournal.com | Kate Nishimura

President Donald Trump appears to be pulling punches when it comes to China, and the markets are heaving a sigh of relief. After U.S. Treasury Secretary Scott Bessent intimated yesterday that a deal with China could be imminent, the Commander in Chief told reporters at the Oval Office that he plans to bring down the triple-digit duty rate on imports, acknowledging, “145 percent is very high, and it won’t be that high” moving forward. “It won’t be anywhere near that high.
Kering Revenues Fell 14% in Q1 as Gucci Woes Continue

1 day ago | sourcingjournal.com | Miles Socha

Kering reported revenues fell 14 percent to 3.88 billion euros in the first quarter of 2025, dragged down by low store traffic and weak wholesale numbers at Gucci, where sales dropped 25 percent on a comparable basis. Barclays had forecast organic group sales to slump 12 percent, which would have been on par with Kering’s performance in the fourth quarter of 2024.
North America, Western Europe Spell Opportunity For E-Commerce Brands Looking to Expand in 2025

1 day ago | sourcingjournal.com | Kate Nishimura

Amid rising trade tensions and steep tariffs set to impact much of the Asian sourcing landscape, some brands are turning to markets closer to home and probing the Western world for opportunity. That’s according to NuOrder’s 2025 State of B2B E-Commerce Report, which surveyed more than 7,000 brands and 500,000 global retailers about the industry’s current and future prospects.
40K Retail Doors May Close By 2029, But Shoe Stores Could Gain Ground

1 day ago | sourcingjournal.com | Vicki M. Young

As store closings continue to ripple across the retail landscape, footwear companies such as On Holding AG and Deckers Outdoor Corp., owner of Hoka and Ugg, should hold their own. That’s because the two, along with Ralph Lauren Corp., have a direct-to-consumer focus along with high pricing power. Those two advantages put the three firms in the best positioned spot to navigate retail disruption, according to UBS retail analyst Michael Lasser.
Tariff Ticker: Treasury Secretary Says China Talks Likely to Be a ‘Slog’, Big Box Retailers Seek White House Guidance

2 days ago | sourcingjournal.com | Kate Nishimura

United States Treasury Secretary Scott Bessent owned that the trade tensions between the U.S. and China are unsustainable and can’t persist indefinitely.
Can Uzbek Cotton Shake Off Its Forced Labor Problem?

2 days ago | sourcingjournal.com | Jasmin Malik Chua

2022 was supposed to have marked a turning point for Uzbek cotton, once synonymous with state-sanctioned slavery. It was that March, after all, that the International Labour Organization had declared the Central Asian nation’s biggest cash crop “free” of child and forced labor.
Puma Reaches Sustainability Milestone One Year Earlier Than Planned

2 days ago | sourcingjournal.com | Vicki M. Young

Puma on Tuesday proved that it is bucking the trend among some firms that have pulled back on sustainability and ESG goals. A new sustainability report said the German firm has achieved its goal of making nine out of 10 products from recycled or certified materials in 2024, as well as further progress in the areas of circularity, climate and human rights.
China Warns Other Nations That ‘Appeasement Cannot Bring Peace’ in Trade War With US

3 days ago | sourcingjournal.com | Kate Nishimura

China is cautioning other nations not to capitulate to the United States as President Donald Trump’s trade wars rage on. A spokesperson for the China Ministry of Commerce on Monday told media outlets at a press briefing that the U.S. has “abused tariffs on all its trading partners under the banner of so-called ‘reciprocity,’” a pursuit they referred to as “hegemonic politics and unilateral bullying.” “Appeasement cannot bring peace, and compromise cannot be respected,” they added.