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.
New Albany, United States
Retail
Abercrombie & Fitch Posts Steep Quarterly Losses
Net sales fell 34 percent to $485.4 million in the first quarter as stores remained shut.
Abercrombie & Fitch Posts Steep Quarterly Losses
Net sales fell 34 percent to $485.4 million in the first quarter as stores remained shut.
Retail
Remodelled Stores Help Abercrombie Holiday Sales Top Expectations
Brighter interiors and larger fitting rooms have helped improve same-store sales by 8 percent.
Remodelled Stores Help Abercrombie Holiday Sales Top Expectations
Brighter interiors and larger fitting rooms have helped improve same-store sales by 8 percent.
Retail
Abercrombie & Fitch Trims Forecast as International Business Drags
The teen retailer blamed political issues ranging from Brexit to Hong Kong protests.
Abercrombie & Fitch Trims Forecast as International Business Drags
The teen retailer blamed political issues ranging from Brexit to Hong Kong protests.
Retail
Abercrombie Shares Slide as Tariffs Weigh Heavy
The retailer has adjusted its outlook to anticipate additional tariffs of as much as 30 percent.
Abercrombie Shares Slide as Tariffs Weigh Heavy
The retailer has adjusted its outlook to anticipate additional tariffs of as much as 30 percent.
ADVERTISEMENT
News & Analysis
The Billionaire Behind Victoria’s Secret Built His Version of the American Heartland
Inside the global retail empire owner's $45.6 million Ohio residence, nestled among Facebook, Amazon and Alphabet data centres.
The Billionaire Behind Victoria’s Secret Built His Version of the American Heartland
Inside the global retail empire owner's $45.6 million Ohio residence, nestled among Facebook, Amazon and Alphabet data centres.
Financial Markets
Abercrombie Soars on Upbeat Forecast as Sales Top Estimates
Comparable sales increased for a sixth consecutive quarter climbing more than double analysts’ predictions, and net sales are set to rise 2 to 4 percent this year.
Abercrombie Soars on Upbeat Forecast as Sales Top Estimates
Comparable sales increased for a sixth consecutive quarter climbing more than double analysts’ predictions, and net sales are set to rise 2 to 4 percent this year.
Retail
Abercrombie & Fitch Shares Soar as Sales Beat Expectations
The company’s total comparable-store sales rose 3 percent, beating analyst estimates of a 1.7 percent gain.
Abercrombie & Fitch Shares Soar as Sales Beat Expectations
The company’s total comparable-store sales rose 3 percent, beating analyst estimates of a 1.7 percent gain.
Financial Markets
Abercrombie & Fitch Plunges After Sales Fall Short
The retailer's stock plunged after the release of results — another sign that apparel retailers’ recent strength could be short-lived.
Abercrombie & Fitch Plunges After Sales Fall Short
The retailer's stock plunged after the release of results — another sign that apparel retailers’ recent strength could be short-lived.
ADVERTISEMENT
Technology
Abercrombie Offers Millennial-Friendly Venmo Payment Option
Starting Tuesday, shoppers using the retailer’s namesake and Hollister apps will be able to select the popular payment platform as an option when checking out.
Abercrombie Offers Millennial-Friendly Venmo Payment Option
Starting Tuesday, shoppers using the retailer’s namesake and Hollister apps will be able to select the popular payment platform as an option when checking out.
News & Analysis
Abercrombie Chairman to Leave After Resolving Rocky Transition
Arthur Martinez is retiring, signalling that a long quest to set the clothing chain on a new course is wrapping up.
Abercrombie Chairman to Leave After Resolving Rocky Transition
Arthur Martinez is retiring, signalling that a long quest to set the clothing chain on a new course is wrapping up.
Financial Markets
Abercrombie Shares Surge on Hollister Sales Jump
Abercrombie & Fitch forecast robust sales for the holiday quarter as its surf-wear brand Hollister helped revive the previously struggling retailer.
Abercrombie Shares Surge on Hollister Sales Jump
Abercrombie & Fitch forecast robust sales for the holiday quarter as its surf-wear brand Hollister helped revive the previously struggling retailer.
Financial Markets
Abercrombie & Fitch Quarterly Sales Miss Estimates, Shares Skid
Abercrombie's net sales fell 6.5 percent to $821.73 million, down for the 15th straight quarter.
Abercrombie & Fitch Quarterly Sales Miss Estimates, Shares Skid
Abercrombie's net sales fell 6.5 percent to $821.73 million, down for the 15th straight quarter.
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.