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Foot Locker CEO Mary Dillon is a highly respected executive—which is one reason Wall Street is skeptical that Dick’s Sporting Goods can do any better at turning around the sneaker retailer. Cindy Ord/Getty Images for the Wharton School’s Baker Retailing Center and RLC Global Forum
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Buckle up, folks, because the sneaker world just got a seismic shake-up! As of this writing, Foot Locker, Inc. (NYSE: FL) is one of the hottest stocks on the market, with shares soaring a jaw-dropping 81% today. Why the frenzy? DICK’S Sporting Goods (NYSE: DKS) dropped a blockbuster announcement this morning, revealing plans to acquire … Read more
President Donald Trump said India has made an offer to drop tariffs on U.S. goods, as the Asian nation negotiates a deal to avert higher import taxes. Speaking Thursday at an event with business leaders in Qatar, Trump said the Indian government has “offered us a deal where basically they are willing to literally charge … Read more
A worker finishes red Santa Claus hats for export at a factory on April 28, 2025, near Yiwu, Zhejiang province, China. Kevin Frayer | Getty Images News | Getty Images BEIJING — The U.S.-China tariff cuts, even if temporary, address a major pain point: Christmas presents. Nearly a fifth of U.S. retail sales last year … Read more
Container ships sit docked at the Port of Los Angeles on May 06, 2025 in San Pedro, California. Justin Sullivan | Getty Images News | Getty Images The first shipping containers carrying Chinese products that are subject to President Donald Trump’s 145% tariffs have begun arriving in U.S. ports. Seven ships carrying upward of 12,000 … Read more
A person works at the Amazon warehouse, busy on Prime Day, in Melville, New York, July 11, 2023. Soren Larson | Reuters For 10 years, Aaron Cordovez has been selling kitchen appliances on Amazon. Now he’s in a bind, because most of his products are manufactured in China. Cordovez, co-founder of Zulay Kitchen, said his … Read more
Dilara Irem Sancar | Anadolu | Getty Images China last week announced it was done retaliating against U.S. President Donald Trump’s tariffs, saying any further increases by the U.S. would be a “joke,” and Beijing would “ignore” them. Instead of continuing to focus on tariffing goods, however, China has chosen to resort to other measures, … Read more
A major mystery of the Trump tariff crusade: The “Liberation Day” “reciprocal” duties he’s threatening are completely disconnected from what other nations are charging the U.S. on our exports. In virtually all cases, Trump’s tariffs are multiple times larger. How does he justify this giant gulf? The president claims we’re getting “ripped off” not by … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Donald Trump has excluded smartphones, laptops and other consumer electronics from his “reciprocal” tariffs, but 46 of the 50 items the US most relies on China for are still subject to the levies. Analysis of … Read more
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