Russia
20% Tariff Proposed on Chinese Goods
U.S. Rep. Ted Budd introduced a bill to punish China with tariffs for financially supporting Russia with…
Reebok Owner Addresses Russia
ABG's statement arrived weeks after the initial Ukraine invasion and on the same day the House voted to end…
What Will Hurt Luxury Brands in 2022? (Hint: It’s Not the Russia Ban)
As brands ditch the world's new "pariah state," luxury fashion might benefit from a bit of "panic buying" in…
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Guess CEO: ‘Strategic Initiatives Helped Deliver Higher Profitability’
Guess expects first quarter revenue to be up in the low-teens versus the prior-year period, driven by…
Maersk Continues Distancing from Russia
CEO Soren Skou says it may be "many years" before the firm's business returns but for now it's fetching…
Gap Stops Delivering to Russia
Though the company also donated $1 million in clothes for fleeing refugees, an aid worker urged against that…
H&M, Zara Sales Surge, but Russia-Ukraine War Overshadows Outlook
The spread of the Omicron variant cost Inditex approximately 400 million euros ($440 million) in the fourth…
Independent Nike Stores Stay Open in Russia
Meanwhile, protestors took aim at Nike's use of kangaroo leather in products like soccer cleats.
Buyer Beware: Wartime Ukraine Requires Responsible Sourcing
The last thing apparel companies sourcing from Ukraine should do is leave their suppliers in the lurch, the…
Shipping ‘Shockwaves’: What Covid Lockdowns, Geopolitical Turmoil Mean for Cargo
Rising oil prices, especially as a result of the war in Ukraine, are likely to contribute additional…
Hugo Boss Shutters Stores in Russia
Hugo Boss joins Chanel, LVMH and other luxury brands by closing its stores in Russia while reporting strong…
Turkish Textile Manufacturers Feel Russia-Ukraine Pain
Turkish apparel exports to Ukraine fell 30 percent in January and February, and are expected to drop off in…
Russia: Biden Bans Luxury Exports, Vodka Imports
Biden signed an executive order that will end exports of luxury items, such as watches, vehicles and apparel…
Uniqlo Owner Backpedals on Russia
Fast Retailing walked back Thursday a decision to keep operating its stores in Russia amid a growing tide of…
Crocs, Skechers, Amazon Cease Shipments to Russia
In the wake of the mass exodus, a senior member of Russia's ruling party has proposed nationalizing…