Canadian luxury fashion retailer SSENSE has said it plans to file for bankruptcy protection, partly citing pressure from US tariffs including on US-bound low value parcels, which just came into effect.
In an email to staff from CEO Rami Atallah, the Montreal-based firm said it was "surprised" by the elimination of the de minimis exemption for shipments to the US.
The de minimis exemption allowed for duty-free shipping to the US on packages worth $800 (C$1,100; £592) or less, and was widely used by e-commerce firms and global retailers to ship small packages to the US.
President Donald Trump issued an executive order suspending the exemption last month.
"In the past year, our landscape has shifted dramatically with tighter liquidity and increased trade pressures," said Mr Atallah in the Thursday email, which was quoted by several media outlets and confirmed by a company spokesperson to the BBC.
