July 30, 2025

  • Adidas slumps 6% as sportswear giant warns tariffs to drive up U.S. prices (via CNBC).
  • Trump’s tariffs give chocolate makers in Canada, Mexico an edge over US firms (via Reuters).
  • Gucci sales fall 25% in Q2 (via Vogue Business).
  • Hermes beats luxury slump with sales rise (via The WallStreet Journal).
  • Starbucks same-store sales fall again, but CEO Niccol says turnaround is ahead of schedule (via CNBC).