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.
bits-and-bytes
Technology
Bits & Bytes | Amazon’s Smart Mirror Patent, The Face Mask of the Future
This week, Amazon wants to build a fitting room for the e-commerce experience, while beauty-tech company Foreo reimagines the Korean sheet-mask craze with a handheld device called the UFO.
Bits & Bytes | Amazon’s Smart Mirror Patent, The Face Mask of the Future
This week, Amazon wants to build a fitting room for the e-commerce experience, while beauty-tech company Foreo reimagines the Korean sheet-mask craze with a handheld device called the UFO.
Technology
Bits & Bytes | Lessons from Nike at Amazon, Tencent and JD.com Invest in Online Retailer
This week, what fashion brands can learn from Nike's six months as an Amazon partner, while Tencent and JD.com invest $863 million in Vipshop.
Bits & Bytes | Lessons from Nike at Amazon, Tencent and JD.com Invest in Online Retailer
This week, what fashion brands can learn from Nike's six months as an Amazon partner, while Tencent and JD.com invest $863 million in Vipshop.
Technology
Bits & Bytes | Coty Revolts Against Amazon, Fashion in the Age of Biofabrication
This week, the European Union allows brands to block luxury goods from Amazon, while Modern Meadow biofabricates leather without animals.
Bits & Bytes | Coty Revolts Against Amazon, Fashion in the Age of Biofabrication
This week, the European Union allows brands to block luxury goods from Amazon, while Modern Meadow biofabricates leather without animals.
Technology
Bits & Bytes | Amazon Launches in Australia, Swarovski's AR App
This week, Amazon began retail operations in Australia, while Swarovski introduced an AR holiday experience.
Bits & Bytes | Amazon Launches in Australia, Swarovski's AR App
This week, Amazon began retail operations in Australia, while Swarovski introduced an AR holiday experience.
Technology
Bits & Bytes | Facial Recognition in Malls, Walmart vs Amazon
This week, retailers use facial recognition to collect customer data, while Walmart narrows price gap with Amazon.
Bits & Bytes | Facial Recognition in Malls, Walmart vs Amazon
This week, retailers use facial recognition to collect customer data, while Walmart narrows price gap with Amazon.
Technology
Bits & Bytes | Spotify to Launch Beauty, Amazon Could Be Worth $1 Trillion in 2018
This week, Spotify collaborates with Pat McGrath to expand merchandise into beauty, while Amazon's newer lines of business could raise its value to $1 trillion.
Bits & Bytes | Spotify to Launch Beauty, Amazon Could Be Worth $1 Trillion in 2018
This week, Spotify collaborates with Pat McGrath to expand merchandise into beauty, while Amazon's newer lines of business could raise its value to $1 trillion.
Technology
Bits & Bytes | Apple Is Winning the Wearables Race, Poshmark's Personal Stylist
This week, Apple retakes top global wearables spot with the third generation Apple Watch, while Poshmark partners with Amazon for a voice-enabled styling engine.
Bits & Bytes | Apple Is Winning the Wearables Race, Poshmark's Personal Stylist
This week, Apple retakes top global wearables spot with the third generation Apple Watch, while Poshmark partners with Amazon for a voice-enabled styling engine.
Technology
Bits & Bytes | Amazon Launches Augmented Reality Feature, Microsoft's Holograms
This week, Amazon's AR view allows customers to see a 3D rendering of a product, while Microsoft wants to bring holograms into retail.
Bits & Bytes | Amazon Launches Augmented Reality Feature, Microsoft's Holograms
This week, Amazon's AR view allows customers to see a 3D rendering of a product, while Microsoft wants to bring holograms into retail.
Technology
Bits & Bytes | Jason Wu Collaborates With Stitch Fix, Why Snapchat's Spectacles Failed
This week, Jason Wu launches a capsule collection with tech firm Stitch Fix, and why only 0.08 percent of Snapchat’s users bought its camera sunglasses.
Bits & Bytes | Jason Wu Collaborates With Stitch Fix, Why Snapchat's Spectacles Failed
This week, Jason Wu launches a capsule collection with tech firm Stitch Fix, and why only 0.08 percent of Snapchat’s users bought its camera sunglasses.
Technology
Bits & Bytes | Fitbit Pay Launches, Nike's Community-Driven Digital Studio
This week, Fitbit Pay arrives in the UK to rival Apple Pay, while Nike's s23NYC studio is using AI to build a community of sneakerheads.
Bits & Bytes | Fitbit Pay Launches, Nike's Community-Driven Digital Studio
This week, Fitbit Pay arrives in the UK to rival Apple Pay, while Nike's s23NYC studio is using AI to build a community of sneakerheads.
Technology
Bits & Bytes | eBay Launches Authentication Programme; What the VPN Ban Means for Luxury in China
This week, eBay's verification programme aims to rival competition from sites like The Real Real, while the VPN ban could restrict access to marketing campaigns.
Bits & Bytes | eBay Launches Authentication Programme; What the VPN Ban Means for Luxury in China
This week, eBay's verification programme aims to rival competition from sites like The Real Real, while the VPN ban could restrict access to marketing campaigns.
Technology
Bits & Bytes | Amazon Acquires 3D Body Model Software, Is Spider Silk the Future of Fashion?
This week, Amazon buys 3D body scanning start-up Body Labs, while Miroslava Duma's fashion-tech incubator promotes sustainability with stem-cell leather and spider silk.
Bits & Bytes | Amazon Acquires 3D Body Model Software, Is Spider Silk the Future of Fashion?
This week, Amazon buys 3D body scanning start-up Body Labs, while Miroslava Duma's fashion-tech incubator promotes sustainability with stem-cell leather and spider silk.
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.