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.
Sydney, Australia
ADVERTISEMENT
Fashion Week
Turbulent Times in Australian Retail
Heritage retailers and global e-tailers are locked in battle for the Australian consumer, pitting old guard against new guard while fashion brands get caught in the crossfire.
Turbulent Times in Australian Retail
Heritage retailers and global e-tailers are locked in battle for the Australian consumer, pitting old guard against new guard while fashion brands get caught in the crossfire.
Sustainability
Sustainable Fashion Takes Charge in Australia
Australia's fashion industry is turning to sustainability to reshape its perception on the global stage.
Sustainable Fashion Takes Charge in Australia
Australia's fashion industry is turning to sustainability to reshape its perception on the global stage.
News & Analysis
Amazon Launches 'Fulfillment by Amazon' for Merchants in Australia
The move underscores how the company aims to speed up delivery for shoppers and make its services more compelling.
Amazon Launches 'Fulfillment by Amazon' for Merchants in Australia
The move underscores how the company aims to speed up delivery for shoppers and make its services more compelling.
Global Markets
Amazon Seeks to Conquer New Continent With Push Into Australia
Australia presents a new challenge for Amazon as a sparsely populated, but large, continent that already has a few local web retailers up and running.
Amazon Seeks to Conquer New Continent With Push Into Australia
Australia presents a new challenge for Amazon as a sparsely populated, but large, continent that already has a few local web retailers up and running.
ADVERTISEMENT
News & Analysis
Amazon to Help Boost Australian Retailers' Online Sales
Analysts predict Amazon’s arrival will haul the country’s lagging online sales to 10 percent of total retail spending — up from about 7.4 percent this year.
Amazon to Help Boost Australian Retailers' Online Sales
Analysts predict Amazon’s arrival will haul the country’s lagging online sales to 10 percent of total retail spending — up from about 7.4 percent this year.
Retail
How a Designer Collaboration Transformed the Business of Le Specs
The once-sleepy Australian eyewear label is on track to become a $100 million brand, thanks, at least in part, to the blockbuster — and somewhat unexpected — success of its partnership with womenswear designer Adam Selman.
How a Designer Collaboration Transformed the Business of Le Specs
The once-sleepy Australian eyewear label is on track to become a $100 million brand, thanks, at least in part, to the blockbuster — and somewhat unexpected — success of its partnership with womenswear designer Adam Selman.
News & Analysis
Amazon Says Australia Launch Imminent
While the e-commerce giant did not give a precise date, it is expected goods will ship from its first Australian warehouse in time for the end-of-year holiday season.
Amazon Says Australia Launch Imminent
While the e-commerce giant did not give a precise date, it is expected goods will ship from its first Australian warehouse in time for the end-of-year holiday season.
Retail
Australian Topshop Stays Afloat With British Parent Restructure
Arcadia Group, led by Philip Green, will buy parts of Topshop from its Australian franchisee and keep four stores running in the major cities of Sydney, Melbourne and Brisbane.
Australian Topshop Stays Afloat With British Parent Restructure
Arcadia Group, led by Philip Green, will buy parts of Topshop from its Australian franchisee and keep four stores running in the major cities of Sydney, Melbourne and Brisbane.
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.