Get ready to pay more! Shein and Temu have warned US shoppers of imminent price hikes due to hefty tariffs imposed by President Trump. With competition heating up and their app rankings dropping, both companies are urging customers to shop before prices rise on April 25.
H&M's fiscal first quarter sales fell short of expectations, rising just 2% to 55.33 billion SEK, as increased markdowns and competition from rivals like Zara and Shein weigh heavily on the brand. CEO Daniel Ervér remains optimistic for future growth despite recent challenges.
In a surprising move, President Trump has postponed tariffs on certain Mexican and Canadian goods for another month. This decision comes after discussions with Mexican President Claudia Sheinbaum, who emphasized the importance of cooperation amid ongoing trade tensions. As financial markets react, uncertainty looms over U.S. trade policy.
