When Amy Smilovic created the fashion line Tibi in 1997, she was living in Hong Kong. Navigating foreign trade rules added additional challenges to the already difficult task of starting a new business.
Smilovic joins to discuss how she was able to get the company off the ground before eventually relocating back the United States. She highlights that, beyond foreign trade rules, you also have to take language barriers into consideration.
In the 20 years since Tibi was founded, the retail industry has gone through massive changes. The rise of e-commerce has forced clothing brands to alter their sales strategies. Smilovic explains how Tibi made the adjustment to online, and predicts how much growth she expects to see in e-commerce.
Big Business This Week is a guided tour through the biggest market stories of the week, from winning stocks to brutal dips to the facts and forecasts generating buzz on Wall Street.
An Illinois jury ruled this week that several major egg producers conspired to limit the U.S.'s supply of eggs in order to raise prices in a case stemming from a federal lawsuit originally filed 12 years ago.
Consumers are expected to use “buy now, pay later” payment plans heavily this holiday season, a forecast that bodes well for retailers but that has credit experts again sounding alarm bells.
