The ranking of the 75 most valuable global retail brands, led by Amazon, has seen Nike rise to the top of the apparel sector whilst Zara and H&M were impacted by rising concerns over their environmental impact.
Luxury’s strength was prominent in the latest Interbrand ranking of the Best Global Brands Thursday, but even the biggest names couldn’t rival digital when it came to the brands that are key for consumers.
A recent study of teenagers’ conversations by Engagement Labs has found that they are moving away from traditional youth brands such as Abercrombie & Fitch, as Nike continues to cement its position as a Gen-Z favorite.
While China has raised import duties on several categories of U.S. goods, it lowered tariffs on apparel, cosmetics, household goods and jewelry, which could see these industries thrive, according to Cowen and Company.
EU state aid regulators will investigate whether Ikea's tax arrangement with Dutch tax authorities helped cut its tax bill, the latest crackdown on unfair tax deals between multinationals and EU countries.