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.
Arteixo, Spain
Retail
Op-Ed | Zara's Hot Polka Dot Dress Beats Big Data
With other retailers finally catching up to Inditex's super fast supply chain, the world's biggest fashion retailer will have to rely on its ability to spot trends and make blockbuster items to maintain its competitive edge.
Op-Ed | Zara's Hot Polka Dot Dress Beats Big Data
With other retailers finally catching up to Inditex's super fast supply chain, the world's biggest fashion retailer will have to rely on its ability to spot trends and make blockbuster items to maintain its competitive edge.
Financial Markets
Inditex's Earnings Growth Slows to Weakest in Five Years
Even a more generous dividend policy unveiled Wednesday failed to stem the decline, showing the Spanish giant is not immune to the retail malaise that has burdened rival H&M.
Inditex's Earnings Growth Slows to Weakest in Five Years
Even a more generous dividend policy unveiled Wednesday failed to stem the decline, showing the Spanish giant is not immune to the retail malaise that has burdened rival H&M.
News & Analysis
Inditex To Sell All Brands Online Globally by 2020
The retailer is setting the goal of make clothes available online anywhere in the world amid growing investor concern about stronger competition from upstart rivals.
Inditex To Sell All Brands Online Globally by 2020
The retailer is setting the goal of make clothes available online anywhere in the world amid growing investor concern about stronger competition from upstart rivals.
Financial Markets
Inditex Reports Slowdown in Sales, Weaker Profitability
The Zara owner reported its weakest profitability in a decade, showing that it isn’t immune to the troubles ailing Swedish rival H&M.
Inditex Reports Slowdown in Sales, Weaker Profitability
The Zara owner reported its weakest profitability in a decade, showing that it isn’t immune to the troubles ailing Swedish rival H&M.
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Retail
Inditex First-Half Earnings Beat Estimates on Online Expansion
Inditex reported first-half profit that beat analysts’ estimates as the company prioritised online expansion over store openings.
Inditex First-Half Earnings Beat Estimates on Online Expansion
Inditex reported first-half profit that beat analysts’ estimates as the company prioritised online expansion over store openings.
Financial Markets
Inditex Profit Beats Estimates, Outpacing Main Fashion Rival H&M
Operating profit increased 6 percent to €705 million ($790 million) in the three months through April, Inditex said.
Inditex Profit Beats Estimates, Outpacing Main Fashion Rival H&M
Operating profit increased 6 percent to €705 million ($790 million) in the three months through April, Inditex said.
News & Analysis
Inditex Full-Year Profit Rises at Slowest Pace in Five Years
ARTEIXO, Spain — Inditex SA, the Spanish owner of the Zara clothing chain, reported its slowest profit growth in five years, as global currency
Inditex Full-Year Profit Rises at Slowest Pace in Five Years
ARTEIXO, Spain — Inditex SA, the Spanish owner of the Zara clothing chain, reported its slowest profit growth in five years, as global currency
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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.