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.
Seattle, United States
News & Analysis
Amazon Sues New York Attorney General Over Covid Protocol
The Seattle-based company seeks a court order that would prevent the New York AG from seeking to regulate Amazon’s actions in response to coronavirus, as well as claims of retaliation by workers who protest working conditions.
Amazon Sues New York Attorney General Over Covid Protocol
The Seattle-based company seeks a court order that would prevent the New York AG from seeking to regulate Amazon’s actions in response to coronavirus, as well as claims of retaliation by workers who protest working conditions.
Retail
Amazon Prepares for Holiday Sales Rush
Governments' stay-at-home orders mean more shoppers will rely on the e-commerce giant to deliver presents in time for Christmas.
Amazon Prepares for Holiday Sales Rush
Governments' stay-at-home orders mean more shoppers will rely on the e-commerce giant to deliver presents in time for Christmas.
Retail
After Going All-In on Amazon, a Merchant Says He Lost Everything
Barak Govani made a big bet on the e-commerce giant earlier this year after closing his Melrose Avenue store and packing up $1.5 million in inventory.
After Going All-In on Amazon, a Merchant Says He Lost Everything
Barak Govani made a big bet on the e-commerce giant earlier this year after closing his Melrose Avenue store and packing up $1.5 million in inventory.
Retail
Amazon Extends Work From Home Option Until June
The development comes weeks after the e-commerce giant said more than 19,000 of its US frontline workers contracted Covid-19 this year.
Amazon Extends Work From Home Option Until June
The development comes weeks after the e-commerce giant said more than 19,000 of its US frontline workers contracted Covid-19 this year.
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Retail
Amazon Pitches Early Holiday Shopping With Fall 'Prime Day' Event
The event, typically held in July, is now a kickoff to what will be an earlier holiday shopping season.
Amazon Pitches Early Holiday Shopping With Fall 'Prime Day' Event
The event, typically held in July, is now a kickoff to what will be an earlier holiday shopping season.
Luxury
Amazon Launches Luxury Store on App
Oscar de la Renta is the first and only brand so far, though the company says more are expected to join in the coming weeks.
Amazon Launches Luxury Store on App
Oscar de la Renta is the first and only brand so far, though the company says more are expected to join in the coming weeks.
Retail
Amazon Set To Hire 100,000 More Workers Amid Rise in Online Shopping
The news marks the e-commerce giant's fourth hiring spree this year after reporting a 40 percent revenue rise last quarter and the biggest profit in the retailer's 26-year-history.
Amazon Set To Hire 100,000 More Workers Amid Rise in Online Shopping
The news marks the e-commerce giant's fourth hiring spree this year after reporting a 40 percent revenue rise last quarter and the biggest profit in the retailer's 26-year-history.
Retail
Amazon Receives US Regulatory Approval to Start Drone Delivery Trials
The e-commerce giant joins Alphabet Inc.'s unit Wing and United Parcel Service Inc. in receiving approval for drone delivery, while other smaller companies are still seeking approval.
Amazon Receives US Regulatory Approval to Start Drone Delivery Trials
The e-commerce giant joins Alphabet Inc.'s unit Wing and United Parcel Service Inc. in receiving approval for drone delivery, while other smaller companies are still seeking approval.
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Retail
Amazon Buys 1,800 Electric Vans in Latest Green Effort
Electric vehicles are a major piece of Amazon’s bid to become a net-zero carbon emitter by 2040, an ambitious goal for a company that historically had lagged behind its retail and technology peers on the environment.
Amazon Buys 1,800 Electric Vans in Latest Green Effort
Electric vehicles are a major piece of Amazon’s bid to become a net-zero carbon emitter by 2040, an ambitious goal for a company that historically had lagged behind its retail and technology peers on the environment.
Workplace & Talent
Amazon Appoints First Black Executive to Ruling Council
This marks the second executive shuffle in the last year to elevate women at the company, following criticism of its largely white, male upper ranks.
Amazon Appoints First Black Executive to Ruling Council
This marks the second executive shuffle in the last year to elevate women at the company, following criticism of its largely white, male upper ranks.
Workplace & Talent
Amazon Names Company Veteran CEO of Consumer Division
Logistics boss Dave Clark will replace Jeff Wilke, who, prior to announcing his surprise retirement, was widely considered a potential successor to founder Jeff Bezos.
Amazon Names Company Veteran CEO of Consumer Division
Logistics boss Dave Clark will replace Jeff Wilke, who, prior to announcing his surprise retirement, was widely considered a potential successor to founder Jeff Bezos.
Retail
Amazon Launches in Sweden Amid Online Shopping Wave
The move follows after the e-commerce giant reported record profits last week and projected third-quarter revenue of up to $93 billion.
Amazon Launches in Sweden Amid Online Shopping Wave
The move follows after the e-commerce giant reported record profits last week and projected third-quarter revenue of up to $93 billion.
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.