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.
Redwood City, United States
Sustainability
Poshmark Says It Filed To Go Public
The resale platform had until now put off a potential IPO to focus on boosting sales and improving its execution.
Poshmark Says It Filed To Go Public
The resale platform had until now put off a potential IPO to focus on boosting sales and improving its execution.
News & Analysis
Poshmark to Delay IPO Until 2020
The online resale platform had been one of several e-commerce companies looking to go public this year amid a wave of IPOs that included two online retailers in June.
Poshmark to Delay IPO Until 2020
The online resale platform had been one of several e-commerce companies looking to go public this year amid a wave of IPOs that included two online retailers in June.
Technology
Poshmark Raises $87.5 Million, Partners with Amazon on Personal Styling Service
The peer-to-peer marketplace will match shoppers to sellers using Amazon’s Alexa smart-voice assistant.
Poshmark Raises $87.5 Million, Partners with Amazon on Personal Styling Service
The peer-to-peer marketplace will match shoppers to sellers using Amazon’s Alexa smart-voice assistant.
Technology
Op-Ed | Data Alone Can’t Decode the Fashion Consumer
Data-driven algorithms alone can't unravel fashion consumers’ buying behaviour — but neither can humans, argues Tracy Sun of Poshmark.
Op-Ed | Data Alone Can’t Decode the Fashion Consumer
Data-driven algorithms alone can't unravel fashion consumers’ buying behaviour — but neither can humans, argues Tracy Sun of Poshmark.
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News & Analysis
Op-Ed | Embrace Everywhere Commerce or Go Extinct
In today’s reality, retailers who fail to embrace omni-channel strategies powered by connected data risk becoming extinct, argues John Squire.
Op-Ed | Embrace Everywhere Commerce or Go Extinct
In today’s reality, retailers who fail to embrace omni-channel strategies powered by connected data risk becoming extinct, argues John Squire.
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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.