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.
Portland, United States
News & Analysis
Columbia Sportswear Is Ready to Pass Trump Tariffs on to Consumers
The Trump administration’s latest tariff proposal on goods imported from China has forced the outdoor gear and apparel maker to spend more time managing its supply chain than its sales operations.
Columbia Sportswear Is Ready to Pass Trump Tariffs on to Consumers
The Trump administration’s latest tariff proposal on goods imported from China has forced the outdoor gear and apparel maker to spend more time managing its supply chain than its sales operations.
Marketing
Nike's Kaepernick Ad Spurs Spike in Sold Out Items
Nike has sold out 61 percent more merchandise since the controversial ad campaign featuring former NFL player Colin Kaepernick appeared earlier this month, according to data on the company's online sales from Thomson Reuters.
Nike's Kaepernick Ad Spurs Spike in Sold Out Items
Nike has sold out 61 percent more merchandise since the controversial ad campaign featuring former NFL player Colin Kaepernick appeared earlier this month, according to data on the company's online sales from Thomson Reuters.
News & Analysis
Nike Is Sued for Sex Discrimination by Former Female Employees
The former employees said women are passed over for promotions, paid less than their male counterparts and ignored when they complain.
Nike Is Sued for Sex Discrimination by Former Female Employees
The former employees said women are passed over for promotions, paid less than their male counterparts and ignored when they complain.
News & Analysis
Nike Makes Push Into Fashion with Matthew Williams Collaboration
By partnering with the Alyx founder, Nike is joining rivals Adidas and Puma in blurring the lines between its performance and lifestyle offerings.
Nike Makes Push Into Fashion with Matthew Williams Collaboration
By partnering with the Alyx founder, Nike is joining rivals Adidas and Puma in blurring the lines between its performance and lifestyle offerings.
ADVERTISEMENT
News & Analysis
Amazon's Share of All Retail Sales Could Reach Nearly 10% in Two Years
"The rollout of Prime Now grocery, a service that delivers products in one-hour and two-hours, should be a game changer."
Amazon's Share of All Retail Sales Could Reach Nearly 10% in Two Years
"The rollout of Prime Now grocery, a service that delivers products in one-hour and two-hours, should be a game changer."
News & Analysis
Virgil Abloh Speaks on Major Nike Partnership
The Off-White designer has reconstructed 10 iconic Nike models, including the Air Jordan 1, Hyperdunk and AirVaporMax in what some see as a promising ‘comeback’ play for the sportswear giant.
Virgil Abloh Speaks on Major Nike Partnership
The Off-White designer has reconstructed 10 iconic Nike models, including the Air Jordan 1, Hyperdunk and AirVaporMax in what some see as a promising ‘comeback’ play for the sportswear giant.
News & Analysis
Nike’s Space Jam XI Is Its Biggest Sneaker Ever
The Space Jam shoe was a bright spot in Nike’s otherwise gloomy quarter, as shares fell amid investor concerns that Nike is losing market share to hard-charging competitors Adidas and Under Armour.
Nike’s Space Jam XI Is Its Biggest Sneaker Ever
The Space Jam shoe was a bright spot in Nike’s otherwise gloomy quarter, as shares fell amid investor concerns that Nike is losing market share to hard-charging competitors Adidas and Under Armour.
Financial Markets
Columbia Sportswear Tops Fourth-Quarter Profit Forecasts
The maker of outdoor gear posted revenue of $717.5 million in the period, which fell short of Street forecasts.
Columbia Sportswear Tops Fourth-Quarter Profit Forecasts
The maker of outdoor gear posted revenue of $717.5 million in the period, which fell short of Street forecasts.
ADVERTISEMENT
Technology
Nike Doubles Down in Its Battle for the CrossFit Crowd
In an admittedly small survey of CrossFit classes, some 58 percent of participants were wearing sneakers made by Nike Inc.
Nike Doubles Down in Its Battle for the CrossFit Crowd
In an admittedly small survey of CrossFit classes, some 58 percent of participants were wearing sneakers made by Nike Inc.
News & Analysis
Nike’s Innovation Engine Is Sputtering, Bank of America Says
Competitors such as Adidas AG and Under Armour Inc. are developing new products at a faster clip, making it harder for Nike to keep them at bay.
Nike’s Innovation Engine Is Sputtering, Bank of America Says
Competitors such as Adidas AG and Under Armour Inc. are developing new products at a faster clip, making it harder for Nike to keep them at bay.
News & Analysis
Nike Fuels Move to Corporate Bonds as Government Debt Falters
Nike Inc. sold $1.5 billion of notes, reflecting demand for higher yields than those offered by government bonds.
Nike Fuels Move to Corporate Bonds as Government Debt Falters
Nike Inc. sold $1.5 billion of notes, reflecting demand for higher yields than those offered by government bonds.
News & Analysis
Nike to Stop Making Golf Equipment in Latest Blow to the Sport
Nike will stop selling golf equipment, striking another blow to a pastime hurt by slowing participation rates.
Nike to Stop Making Golf Equipment in Latest Blow to the Sport
Nike will stop selling golf equipment, striking another blow to a pastime hurt by slowing participation rates.
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.