newspider.in
- Fashion
- April 7, 2025
- 2 views
Trump makes good on threat of far-reaching tariffs; fashion and retail industries react
Liberation or decimation? While the 47th President of the United States is often seen as mercurial in his decision-making and penchant for threats, Donald Trump made good on a promise to impose further tariffs, this time mainly reciprocal to U.S. trade partners. In the first 48 hours of the announcement, stocks plummeted, and affected countries, including the EU and China, slapped back with promises and even actions to do the same. The consensus among economists—who have warned that tariffs could end up causing a global recession—is that consumer prices for produce, clothing, electronics, cars, and many other goods will rise. President Donald Trump – White House President Trump claims this extreme action is needed to bring manufacturing and related jobs back to the U.S. (though tariffs will negatively affect factories and jobs like those of foreign carmakers, such as Hyundai, who already operate in the U.S., punishing existing compliance with said goals). Economic pundits and journalists have blown holes in Trump’s theory and claims, according to the Washington Post, most of his understanding of tariffs is incorrect, and the President’s claim of bringing in hundreds of millions of dollars from China during the tariffs in his first term was closer to $75 million, of which $28 million went to bail out the U.S. farmers affected; he also claims NAFTA resulted in the U.S. losing 90,000 factories, another figure the result of Trump’s exaggeration. In this round of tariffs, Canada and Mexico are not included, despite being maligned by the President just weeks ago as “bad faith actors” who hugely benefit from the U.S., leading some analysts to posit that he is using backroad attempts to build and rely on existing manufacturing and trading with the neighbors to the North and South. Economists said tariffs will likely raise prices consumers pay for everyday necessities like phones, cars, apparel, and groceries, a word Trump recently deemed “old-fashioned.” Thus, while the fashion industry…
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- Fashion
- March 4, 2025
- 11 views
‘Printemps New York is not a classic department store’
“Not a department store”: in recent weeks, some of New York’s cabs have shed their traditional yellow to be adorned in green and display this graffitied phrase. The first wink from French department store Printemps ahead of its opening. In mid-2022, the French group surprised the department store world by announcing plans to open in the Big Apple. The project, entrusted to Laura Lendrum (formery of Gucci, Saint Laurent U.S.), was to install Printemps in the imposing 1950s Art Deco building at 1 Wall Street. After months of work, during which architect Laura Gonzalez combined the spirit of the Parisian department store with the heritage of the New York building, the two-storey, 4,000-square-metre space opens its doors this Thursday and will be inaugurated on March 20, to celebrate spring. The opening is part of the building’s renovation, and Printemps is presenting a concept combining fashion, luxury (with French, American and international brands) and gastronomy with a proposal entrusted to American star chef Grégory Gourdet, with no less than five restaurants in its spaces designed to provide visitors with a memorable experience. The Red Room, an imposing ten-metre-high space featuring a 1,200-square-metre purple and gold mosaic that was once the reception hall of a bank, referenced for its historical capital, is the pinnacle of the space and will house the department store’s shoe area. Those behind the project are determined to make the site more than just a department store, in a district undergoing transformation. This is a major gamble for the French group, in a complex context for department stores in America and one of globalized commercial tensions. Ahead of the opening, FashionNetwork.com spoke to Jean-Marc Bellaiche, chairman of the department store group, which has been owned by the Qatari Disa fund since 2013. Jean-Marc Bellaiche, CEO of the Printemps group – Le Printemps FashionNetwork.com: You’re opening this New York department store a few days after Donald Trump, the American…
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