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
Black Friday and Fashion’s Cloudy Holiday Outlook
This week, everyone will be talking about the kickoff to the holiday shopping season, financial results from a trio of mall brands and the status of Brexit negotiations. Get your BoF Professional Cheat Sheet.
Black Friday and Fashion’s Cloudy Holiday Outlook
This week, everyone will be talking about the kickoff to the holiday shopping season, financial results from a trio of mall brands and the status of Brexit negotiations. Get your BoF Professional Cheat Sheet.
News & Analysis
How Is Fashion Voting in the US Election?
This week, everyone will be talking about the US election, Richemont's latest results and the start of the holiday shopping season. Get your BoF Professional Cheat Sheet.
How Is Fashion Voting in the US Election?
This week, everyone will be talking about the US election, Richemont's latest results and the start of the holiday shopping season. Get your BoF Professional Cheat Sheet.
Retail
This Is How Black Friday Works in a Pandemic
From earlier sales to in-store fulfilment, retailers must find creative solutions to succeed during an unprecedented holiday season.
This Is How Black Friday Works in a Pandemic
From earlier sales to in-store fulfilment, retailers must find creative solutions to succeed during an unprecedented holiday season.
Retail
Department Stores Scramble to Bolster Foot Traffic
Threatened by strong e-commerce sales, US department stores went big on their holiday window displays in an effort to draw in consumers.
Department Stores Scramble to Bolster Foot Traffic
Threatened by strong e-commerce sales, US department stores went big on their holiday window displays in an effort to draw in consumers.
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News & Analysis
Black Friday Shoppers Spend Record $7.4 Billion
"Abode still predicts an even larger Cyber Monday, estimating sales of $9.4 billion."
Black Friday Shoppers Spend Record $7.4 Billion
"Abode still predicts an even larger Cyber Monday, estimating sales of $9.4 billion."
Retail
US Sales Surge in the Early Hours of Thanksgiving
$2 billion was spent online by US consumers in the first hours of the holiday, but in-store Black Friday crowds were thin.
US Sales Surge in the Early Hours of Thanksgiving
$2 billion was spent online by US consumers in the first hours of the holiday, but in-store Black Friday crowds were thin.
Retail
The Holiday Shopping Season Starts Now. Are Retailers Ready?
This week, everyone will be talking about Black Friday and Cyber Monday, PVH Corp.'s financial results and hunt for another brand to buy, and a new exhibition of vintage fashion at The Metropolitan Museum of Art. Get your BoF Professional Cheat Sheet here.
The Holiday Shopping Season Starts Now. Are Retailers Ready?
This week, everyone will be talking about Black Friday and Cyber Monday, PVH Corp.'s financial results and hunt for another brand to buy, and a new exhibition of vintage fashion at The Metropolitan Museum of Art. Get your BoF Professional Cheat Sheet here.
Retail
UK Shoppers to Shrug off Retail Blues in Pre-Christmas Spree
Online retailers including Asos are banking on a surge in Black Friday sales, as 87 percent of consumers plan to spend more than they did last year.
UK Shoppers to Shrug off Retail Blues in Pre-Christmas Spree
Online retailers including Asos are banking on a surge in Black Friday sales, as 87 percent of consumers plan to spend more than they did last year.
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Retail
Blockbuster Cyber Monday Is Overshadowed by Economic Outlook
Despite record spending on Cyber Monday, rising interest rates and an escalating trade war mean US retailers are still facing squeezed profit margins.
Blockbuster Cyber Monday Is Overshadowed by Economic Outlook
Despite record spending on Cyber Monday, rising interest rates and an escalating trade war mean US retailers are still facing squeezed profit margins.
News & Analysis
Black Friday US Shoppers Brave Cold in Hunt for Deals
While the North East was hit by cold weather, customary buying frenzies could be seen throughout the country.
Black Friday US Shoppers Brave Cold in Hunt for Deals
While the North East was hit by cold weather, customary buying frenzies could be seen throughout the country.
News & Analysis
Online Surge Marks Start of Thanksgiving Sales
Holiday sales this year are set to reach a record $701 billion, led by e-commerce and consumer electronics.
Online Surge Marks Start of Thanksgiving Sales
Holiday sales this year are set to reach a record $701 billion, led by e-commerce and consumer electronics.
News & Analysis
At J.C. Penney, Everything’s on Sale. Will That Be Enough?
The retailer's push to scrap as much of its inventory as possible through bulk sales may spell more pain in the short term and put additional pressure on margins.
At J.C. Penney, Everything’s on Sale. Will That Be Enough?
The retailer's push to scrap as much of its inventory as possible through bulk sales may spell more pain in the short term and put additional pressure on margins.
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.