PARIS—Shares in French luxury goods companies LVMH and Kering fell on Monday after weak economic numbers from China, a leading market for many of the world’s top fashion companies. Kering was down 1.7 percent in early trading while LVMH retreated by 1.3 percent. Rival French luxury goods company Hermes also fell 1.2 percent. China’s economy…
French Luxury Goods Groups’ Shares Hit by Weak Chinese Data
October 18, 2021
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Home Goods Offering Online Shopping: Could It Boost TJX Shares?
A leading home décor and furnishings retailer is upping its game with the rollout of online shopping. Could it boost revenue and the share price? What Happened HomeGoods, a store brand owned by TJX Companies Inc., is a leader and well-known brand in the home décor and furnishings space. The retail brand ended the second…
US Consumer Confidence Hits Seven-Month Low; Goods Trade Deficit Widens
WASHINGTON—U.S. consumer confidence fell to a seven-month low in September as a relentless rise in COVID-19 cases deepened concerns about the economy’s near-term prospects, fitting in with expectations for a slowdown in growth in the third quarter. The survey from the Conference Board on Tuesday showed consumers less interested in buying a home and big-ticket…
From Zippers to Glass, Shortages of Basic Goods Hobble US Economy
FLETCHER, N.C.—For Lauren Rash, it’s the little things that have snarled production at her tent factory here, like the many shades of black Velcro. Her company, Diamond Brand, just launched a new line of high-end wall tents called the Liminal, thick with vents and fasteners demanded by discerning campers. But that means using lots of…
Inflation and the Price of Goods: What to Buy Now and What to Avoid
It may seem that everywhere you turn, costs are going up. Earlier this year, Chipotle raised its menu prices by about 4 percent. Food products were 2.4 percent more expensive in June 2021 than in June 2020. Used cars are creeping toward the typical tag of a new car, and rent prices are up 7.5…
Ban on Goods Made With Forced Labor Slows Clothing Imports
June 29, 2021
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Increased enforcement of a ban on imported products made with forced labor has led to cargo stoppages and complaints from importers, The Wall Street Journal reported. Customs and Border Protection (CBP) officers are charged with enforcing the ban on goods, such cotton and tomato products from the Xinjiang region of China, where Uyghurs are detained…
US Trade Deficit up 1.9 Percent in January on Record Goods Imports
SILVER SPRING, Md.—The level of imported goods to the U.S. in January reached unprecedented levels and pushed the trade deficit 1.9 percent higher as the coronavirus pandemic continues to distort global commerce. The gap between the goods and services the United States sold and what it bought abroad rose to $68.2 billion from $67 billion…
Trump Directs Government to Review Ways to Minimize Purchases of Chinese Goods, Services
President Donald Trump on Jan. 15 directed federal agencies to look at ways to reduce purchases of goods and services from China, in a bid to guard against espionage risks posed by the regime. Trump instructed departments and agencies to conduct a review and propose “regulatory and policy changes, including potential executive actions” to “minimize”…
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