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.
Framingham, United States
Retail
TJX Same-Store Sales Miss Estimates as Competition Stiffens
With traditional retailers such as Macy's and Nordstrom foraying into discounts, off-price stores like T.J. Maxx and Burlington Stores are struggling to boost sales.
TJX Same-Store Sales Miss Estimates as Competition Stiffens
With traditional retailers such as Macy's and Nordstrom foraying into discounts, off-price stores like T.J. Maxx and Burlington Stores are struggling to boost sales.
Financial Markets
TJ Maxx Retains Investor Appeal as Sales Accelerate
With comparable sales growth of 6 percent, TJX joins Nordstrom as one of the second quarter’s retail winners.
TJ Maxx Retains Investor Appeal as Sales Accelerate
With comparable sales growth of 6 percent, TJX joins Nordstrom as one of the second quarter’s retail winners.
Financial Markets
Bargain-Hungry Shoppers Help TJX Beat Sales Estimates
Online shopping has taken a toll on traditional brick-and-mortar stores, but TJX has not seen huge cuts in inventory and store closures.
Bargain-Hungry Shoppers Help TJX Beat Sales Estimates
Online shopping has taken a toll on traditional brick-and-mortar stores, but TJX has not seen huge cuts in inventory and store closures.
Financial Markets
TJX Same-Store Sales Top Estimates as Shoppers Hunt for Deals
TJX Cos Inc reported a bigger-than-expected rise in quarterly comparable store sales as more bargain-hungry shoppers visited its stores for apparel, accessories and home goods.
TJX Same-Store Sales Top Estimates as Shoppers Hunt for Deals
TJX Cos Inc reported a bigger-than-expected rise in quarterly comparable store sales as more bargain-hungry shoppers visited its stores for apparel, accessories and home goods.
ADVERTISEMENT
ADVERTISEMENT
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.