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The Trump Organization is seeking to prevent some online businesses from hawking counterfeit merchandise promoting President Donald Trump. In a lawsuit filed Friday in U.S. District Court in Florida, the company accused unnamed merchants of selling “inferior imitations” of Trump-branded products on several online marketplaces, including Amazon, Walmart and eBay. The Trump Organization company, which … Read more
The European Union will suspend retaliatory tariffs on U.S. goods scheduled to take effect Monday in hopes of reaching a trade deal with the Trump administration by the end of the month. ″This is now the time for negotiations,″ European Commission President Ursula von der Leyen told reporters in Brussels on Sunday, after President Donald Trump sent a letter … Read more
MILAN (AP) — Global sales of personal luxury goods are ”slowing down but not collapsing,” according to a Bain & Co. consultancy study released Thursday. Personal luxury goods sales that eroded to 364 billion euros ($419 billion) in 2024 are projected to slide by another 2% to 5% this year, the study said, citing threats of … Read more
Luxury brands have retreated back to their safe space of exclusivity, having explored new avenues to win customers during COVID. The only problem is, to win and retain the next generation of shoppers they must marry their need to remain elusive with a consumer who wants to share everything online. These companies have no time … Read more
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As businesses pass down the cost of tariffs to consumers in the form of raised prices, the New York Federal Reserve found that as of last month, many businesses were also raising prices on products unaffected by the levies. Economists said these pricing choices are taking advantage of the uncertainty of unpredictable tariffs, but could … Read more
As many economists warn of the inflationary consequences of tariffs, billionaire Mark Cuban believes uncertainty surrounding the tariffs may actually bring down prices in some instances. Companies may try to rid themselves of inventory they stockpiled as a result of tariff threats, slashing costs to “get back to cash,” Cuban said in a recent social … Read more
© 2025 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal InformationFORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive … Read more
DICK’S Sporting Goods, Inc. (NYSE: DKS) on Wednesday announced financial results for the first quarter of 2025, reporting an increase in sales and adjusted earnings. Net sales increased 5% year-over-year to $3.2 billion in the first three months of fiscal 2025, with comparable store sales rising 4.5%. First-quarter earnings, excluding one-off items, advanced 2% from last … Read more
Dick’s Sporting Goods, Inc. (NYSE: DKS), a leading omnichannel sporting goods retailer, has reported preliminary results for the first quarter of fiscal 2025. As per unaudited estimates, Dick’s Sporting’s comparable sales grew 4.5% year-over-year in the first quarter The company’s earnings per diluted share for Q1 2025 is $3.24, as per initial estimates It posted … Read more
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