RETAIL REBOOT: ESTÉE LAUDER’S HUGE RESTRUCTURING / TEMU AND SHEIN GET TEMPORARY REPRIEVE

De Minimis Upheld — Temporarily

On Friday, President Trump reversed his decision to eliminate the "de minimis" loophole that allowed packages from China valued at less than $800 to bypass customs duties and tariffs.

The moratorium may not last long however, with Wired reporting that US Customs and Border Protection sent guidance on Friday afternoon that the agency's automated system had already been “updated to process de minimis clearances.”

Meanwhile, some Temu and Shein users reported items in their shopping carts or wishlists were no longer available. And, some sellers have complained that Temu removed product listings, without notice or warning. Also noted by Wired.

Estée Lauder will be laying off up to about 7,000 global employees (~11% of the workforce), as part of a huge restructuring being levied by the new CEO. His new strategy is called, Beauty Reimagined.

Full story link: https://tracydecicco.substack.com/p/retail-reboot-estee-lauders-huge

#marketplaces #shein #temu #esteelauder #trd #konposit