Retailers in the United States are closely tracking geopolitical developments involving Iran as they assess potential risks to global supply chains and shipping costs.
The lawsuit seeks a declaration requiring the retailer to return to customers any refunds it receives for tariffs paid under the IEEPA.
Quince said the proceeds will go towards scaling its manufacturer-to-consumer operating system and supporting further international growth.
For the fiscal year ending 31 January 2026, net sales fell 4% year-on-year (YoY) to $14.77bn.
Lego is also dealing with shifting US tariff policy after the Supreme Court struck down some key levies introduced by Donald Trump last month.
