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.
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Latest News & Analysis
Retail
H&M Shares Jump as Early Summer Sales Shine
June sales were up 12 percent for the world's second-biggest fashion retailer, beating analyst forecasts. Second quarter sales were up 11 percent, beating Inditex's 10 percent.
H&M Shares Jump as Early Summer Sales Shine
June sales were up 12 percent for the world's second-biggest fashion retailer, beating analyst forecasts. Second quarter sales were up 11 percent, beating Inditex's 10 percent.
Sustainability
H&M to Trial Vintage Clothing Sales
The fast fashion group will pilot online sales of second-hand garments on the Swedish site of its & Other Stories brand.
H&M to Trial Vintage Clothing Sales
The fast fashion group will pilot online sales of second-hand garments on the Swedish site of its & Other Stories brand.
Beauty
Fast Fashion for the Face
In a bid to make their stores a one-stop destination, high street retailers are launching own-brand beauty lines.
Fast Fashion for the Face
In a bid to make their stores a one-stop destination, high street retailers are launching own-brand beauty lines.
News & Analysis
H&M, a Master of Cheap Fashion, Moves Upscale
"Now growing austerity in Europe is pinching even sales of low-priced apparel. But rather than cutting prices further, H&M is testing a higher-priced
H&M, a Master of Cheap Fashion, Moves Upscale
"Now growing austerity in Europe is pinching even sales of low-priced apparel. But rather than cutting prices further, H&M is testing a higher-priced
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News & Analysis
Fashion Brands Should Swap Ads for Tech-Driven Customer Engagement
"This year 85 percent of luxury marketers plan to increase their digital media spend significantly, according to a survey by Luxury Interactive. The
Fashion Brands Should Swap Ads for Tech-Driven Customer Engagement
"This year 85 percent of luxury marketers plan to increase their digital media spend significantly, according to a survey by Luxury Interactive. The
Retail
H&M’s New Story
H&M's new Internet-inspired retail concept on Regent Street offers women a complete lifestyle brand at affordable prices.
H&M’s New Story
H&M's new Internet-inspired retail concept on Regent Street offers women a complete lifestyle brand at affordable prices.
News & Analysis
High-Concept Outlet from H&M Influenced by Fashion Bloggers
"H&M, the world's second largest fashion chain, opens its latest retail venture in London on Friday. The store, called & Other Stories, is intended
High-Concept Outlet from H&M Influenced by Fashion Bloggers
"H&M, the world's second largest fashion chain, opens its latest retail venture in London on Friday. The store, called & Other Stories, is intended
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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.