De Beers Makes Sweeping Cuts to Its Elite Diamond-Buying Club
The diamond company produced less than 22 million carats last year, down from almost 35 million in 2022.
Melbourne, Australia
Retail
Gen-Z’s Evolving Retail Priorities
Equipped with raw consumer data and an expansive market view, payment solutions provider Afterpay shares its insights on the spending priorities of the elusive Gen-Z consumer. Here, BoF identifies its key findings.
Gen-Z’s Evolving Retail Priorities
Equipped with raw consumer data and an expansive market view, payment solutions provider Afterpay shares its insights on the spending priorities of the elusive Gen-Z consumer. Here, BoF identifies its key findings.
Retail
Why Fashion’s Payment Strategies Should Become More Consumer-Centric
The co-founder of Afterpay, which has 48,000+ retail partners including Revolve, Fenty Beauty and Asos, shares how younger consumers’ purchasing behaviour is evolving and the growth levers rethinking payment strategies could represent for retailers.
Why Fashion’s Payment Strategies Should Become More Consumer-Centric
The co-founder of Afterpay, which has 48,000+ retail partners including Revolve, Fenty Beauty and Asos, shares how younger consumers’ purchasing behaviour is evolving and the growth levers rethinking payment strategies could represent for retailers.
News & Analysis
Can Aesop Keep Its Cool?
The Australian beauty label has built a global business turning over $215 million a year by defying industry norms and embracing cool, but rapid growth could dilute its cult status.
Can Aesop Keep Its Cool?
The Australian beauty label has built a global business turning over $215 million a year by defying industry norms and embracing cool, but rapid growth could dilute its cult status.
News & Analysis
What Amazon's Arrival Means for Australia
Amazon Australia’s launch was a long time coming, but local players are divided on what this spells for the country's retail sector.
What Amazon's Arrival Means for Australia
Amazon Australia’s launch was a long time coming, but local players are divided on what this spells for the country's retail sector.
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Retail
Creating a Community Through Urban Retail
At its new 80 Collins Street site, QIC Global Real Estate is adopting a hyper-local strategy, elevating Melburnian creative culture for a global audience while fostering a local community through experiences.
Creating a Community Through Urban Retail
At its new 80 Collins Street site, QIC Global Real Estate is adopting a hyper-local strategy, elevating Melburnian creative culture for a global audience while fostering a local community through experiences.
News & Analysis
Alibaba Expands Presence in Australia, New Zealand
Chinese online retailer Alibaba Group opened its Australian and New Zealand headquarters in Melbourne on Saturday, its first expansion in the region.
Alibaba Expands Presence in Australia, New Zealand
Chinese online retailer Alibaba Group opened its Australian and New Zealand headquarters in Melbourne on Saturday, its first expansion in the region.
Technology
Sneakerboy's Luxury Retail Revolution
With the launch of Sneakerboy, Chris Kyvetos, a member of the recently launched BoF 500, is targeting a new generation of luxury consumers with a highly covetable selection of sneakers and an innovative digital retail model that blends the tactility of a physical store with the efficiencies of the Internet.
Sneakerboy's Luxury Retail Revolution
With the launch of Sneakerboy, Chris Kyvetos, a member of the recently launched BoF 500, is targeting a new generation of luxury consumers with a highly covetable selection of sneakers and an innovative digital retail model that blends the tactility of a physical store with the efficiencies of the Internet.
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The News in Brief
L’Oréal India in Talks to Acquire Beauty Company Innovist
L’Oréal is in advanced talks to acquire a majority stake in Bare Anatomy parent Innovist sources told The Economic Times India.
Zegna Chairman Says War Has Clouded Visibility of Demand in Middle East
The Italian fashion house cautioned the war is reducing visibility on demand in the Middle East, which accounts for 7 percent of its sales, though all stores are currently open in the region.
Glossier Appoints New CMO
Nicole Solorzano, who joins from Ouai, is the Millennial beauty brand’s latest hire.
Macy’s CEO Points to E-Shaped Economy, Signalling Consumer Shift
The mention of a forked economy by the head of America’s largest department store signals a heightened wariness that middle-income Americans will continue to spend at the same pace.
France’s Bid to Suspend Shein’s Marketplace Rejected by Appeals Court
The decision from Paris’ Court of Appeal marked a win for the fast-fashion giant after a scandal over sex dolls resembling children for sale on its site.
Coty Announces Board Revamp
The embattled Covergirl owner has appointed five new independent directors amidst a wider leadership and company shakeup.
Zimmermann Names Roberto Eggs CEO
The Moncler Group executive will succeed longtime CEO Chris Olliver, who is staying on as executive chairman.