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.
Minneapolis, United States
Retail
Target to Start Holiday Discounts in October
The retailer said it will expand Black Friday pricing for the whole of November, promising shoppers nearly 1 million more deals than last year.
Target to Start Holiday Discounts in October
The retailer said it will expand Black Friday pricing for the whole of November, promising shoppers nearly 1 million more deals than last year.
Retail
Target Sees Record Sales Since March
The American retailer's comparable sales rose 24 percent in the second quarter.
Target Sees Record Sales Since March
The American retailer's comparable sales rose 24 percent in the second quarter.
Retail
Target Increases Hourly Wage to $15
The big box retailer said the new hourly rates, effective July 5, will be accompanied with bonuses, paid leave and other benefits.
Target Increases Hourly Wage to $15
The big box retailer said the new hourly rates, effective July 5, will be accompanied with bonuses, paid leave and other benefits.
Retail
Violence, Looting Spreads as Protests in US Continue
Another night of outrage left stores smashed and looted in many American cities, as curfews failed to quell violence that replaced peaceful daytime demonstrations over the death of a black man seen on video gasping for breath as a white Minneapolis police officer knelt on his neck.
Violence, Looting Spreads as Protests in US Continue
Another night of outrage left stores smashed and looted in many American cities, as curfews failed to quell violence that replaced peaceful daytime demonstrations over the death of a black man seen on video gasping for breath as a white Minneapolis police officer knelt on his neck.
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Retail
Target's Online Sales Surge Eases Coronavirus Pain
Despite an online comparable sales jump of 141 percent, net profit fell 64.3 percent in the first quarter.
Target's Online Sales Surge Eases Coronavirus Pain
Despite an online comparable sales jump of 141 percent, net profit fell 64.3 percent in the first quarter.
Retail
Target's Online Sales Jump as Shoppers Stock Up From Home
The big box retailer expects to gain market share in apparel as competitors struggle.
Target's Online Sales Jump as Shoppers Stock Up From Home
The big box retailer expects to gain market share in apparel as competitors struggle.
News & Analysis
Target Takes on Sephora and Ulta With a Revamped Beauty Section
Target is updating its beauty section to showcase independent and homegrown brands, in a bid to win over young shoppers from specialty retailers.
Target Takes on Sephora and Ulta With a Revamped Beauty Section
Target is updating its beauty section to showcase independent and homegrown brands, in a bid to win over young shoppers from specialty retailers.
Retail
Target Quarterly Results Trounce Estimates on Higher Online Sales
The American retailer has been spending more on its same-day delivery with services in a bid to better compete with rivals Amazon and Walmart.
Target Quarterly Results Trounce Estimates on Higher Online Sales
The American retailer has been spending more on its same-day delivery with services in a bid to better compete with rivals Amazon and Walmart.
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News & Analysis
University Student Sues JD.com CEO with Rape Allegation
Jingyao Liu, a 21-year-old University of Minnesota student at the time of the incident, charged the Chinese company and its employees played a key role in the alleged rape by CEO Richard Liu.
University Student Sues JD.com CEO with Rape Allegation
Jingyao Liu, a 21-year-old University of Minnesota student at the time of the incident, charged the Chinese company and its employees played a key role in the alleged rape by CEO Richard Liu.
Retail
Target Raises Minimum Wage to $13 an Hour
The retailer is increasing its payroll costs and putting new pressure on rivals like Walmart to attract retail workers in a tight labour market.
Target Raises Minimum Wage to $13 an Hour
The retailer is increasing its payroll costs and putting new pressure on rivals like Walmart to attract retail workers in a tight labour market.
Retail
Target Shares Jump due to Improved 2019 Forecast
The retailer predicted a full-year adjusted profit above Wall Street estimates after better-than-expected holiday quarter results.
Target Shares Jump due to Improved 2019 Forecast
The retailer predicted a full-year adjusted profit above Wall Street estimates after better-than-expected holiday quarter results.
Retail
Target's Online Push Pays Off, But Profit Misses Forecasts
Digital revenue rose 28 percent after the chief executive made e-commerce a key part of his $7 billion turnaround plan.
Target's Online Push Pays Off, But Profit Misses Forecasts
Digital revenue rose 28 percent after the chief executive made e-commerce a key part of his $7 billion turnaround plan.
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.