Retailers are worried that a broad reduction in their corporate taxes courtesy of the Trump Administration will be “wiped out” by the looming possibility of new trade tariffs against China.
Retailers and brands like Walmart Inc., Target Corp., Levi Strauss & Co., Gap Inc., VF Corp. and Abercrombie & Fitch, among others, sent a letter to President Trump urging his administration to rethink proposed import tariffs against China as possible retaliation for its alleged “intellectual property theft” from U.S. companies. The retailers are framing possible import tariffs as a negative for “American families” and a “hidden tax” because if the cost of goods imported from China goes up, companies will pass the increase on to consumers.
“I’m looking forward to jumping into the creative process and exploring fashion through a different lens,” said actor Michael B. Jordan exclusively to WWD about becoming the first face of @coach ‘s men’s business. Not only will the actor appear in its global ad campaigns, but he will also create a capsule with designer Stuart Vevers. Tap the link in our bio to learn more. #wwdfashion
“The name of the show is GP — giant pockets,” said Karl Lagerfeld pre-show, in his backstage meeting room at @Fendi to Bridget Foley. @Bellahadid was one of the many famous faces who graced the catwalk including @Gigihadid, @Adwoaaboah, and yes, even @Kendalljenner. #wwdfashion
Photographed by Kuba Dabrowski/WWD
“We are obsessed with Fendi and we want to share this obsession,” said CEO Serge Brunschwig to WWD. @Fendi will be releasing a new capsule collection Oct. 16 centered around the Fendi/Fila logo created by Instagram artist @Hey_reilly. Further proving the logo trend isn’t going anywhere. Link in our bio for more details. #wwdfashion