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.
black-friday
Beauty
Shakeup Spells Trouble at J.Crew
This week, everyone will be talking about the abrupt departure of J.Crew's CEO, Black Friday's shopping frenzy and growing pessimism about mass retailers on Wall Street. Read our BoF Professional Cheat Sheet.
Shakeup Spells Trouble at J.Crew
This week, everyone will be talking about the abrupt departure of J.Crew's CEO, Black Friday's shopping frenzy and growing pessimism about mass retailers on Wall Street. Read our BoF Professional Cheat Sheet.
News & Analysis
The Art of the Markdown
End-of-season sales offer an opportunity for retailers to offload inventory and drive traffic. But there’s a fine line between discounting and desperation.
The Art of the Markdown
End-of-season sales offer an opportunity for retailers to offload inventory and drive traffic. But there’s a fine line between discounting and desperation.
News & Analysis
Retail Stocks Climb After Strong Start to Holiday Sales
Cyber Monday is expected to drive $6.6 billion in internet sales this year as the biggest US online shopping day on record.
Retail Stocks Climb After Strong Start to Holiday Sales
Cyber Monday is expected to drive $6.6 billion in internet sales this year as the biggest US online shopping day on record.
News & Analysis
Online Sales Boost UK Black Friday as Retail Stores Languish
E-commerce sales were up by 6 percent, while the number of shoppers in stores was down by 3.6 percent.
Online Sales Boost UK Black Friday as Retail Stores Languish
E-commerce sales were up by 6 percent, while the number of shoppers in stores was down by 3.6 percent.
Retail
How Top Shops Like Barneys, Saks and Bergdorf Do Black Friday
Lines are short and no doors get busted, but there are still sales to enjoy and deals to find.
How Top Shops Like Barneys, Saks and Bergdorf Do Black Friday
Lines are short and no doors get busted, but there are still sales to enjoy and deals to find.
News & Analysis
With Expectations Low, Retailers Declare Victory on Black Friday
There’s less urgency among shoppers now, but retailers have many advantages this year, including strong consumer confidence and low unemployment.
With Expectations Low, Retailers Declare Victory on Black Friday
There’s less urgency among shoppers now, but retailers have many advantages this year, including strong consumer confidence and low unemployment.
News & Analysis
Macy's Suffers Credit-Card Processing Glitch, Irking Shoppers
The glitch marks the latest headache for a retailer that’s trying to get back on its feet.
Macy's Suffers Credit-Card Processing Glitch, Irking Shoppers
The glitch marks the latest headache for a retailer that’s trying to get back on its feet.
News & Analysis
Macy's CEO Sees Strong Start to Holidays, Helped by Coat Sales
Chief Executive Officer Jeff Gennette expects to ring up a million coats, sweaters and fleeces by the end of the long weekend.
Macy's CEO Sees Strong Start to Holidays, Helped by Coat Sales
Chief Executive Officer Jeff Gennette expects to ring up a million coats, sweaters and fleeces by the end of the long weekend.
News & Analysis
US Shoppers Browse Stores, Buy Online as Black Friday Deals Beckon
Despite explosive growth in online shopping, traditional retailers still earn the bulk of their revenue from in-store buys.
US Shoppers Browse Stores, Buy Online as Black Friday Deals Beckon
Despite explosive growth in online shopping, traditional retailers still earn the bulk of their revenue from in-store buys.
News & Analysis
US Online Sales Surge, Shoppers Throng Stores on Thanksgiving Evening
Surging online sales and a shift away from store shopping have thinned the crowds typically seen at stores on Thanksgiving evening and Black Friday.
US Online Sales Surge, Shoppers Throng Stores on Thanksgiving Evening
Surging online sales and a shift away from store shopping have thinned the crowds typically seen at stores on Thanksgiving evening and Black Friday.
News & Analysis
Don't Go Hunting for Black Friday Bargains at Harrods
As Brexit jitters dampen the outlook for UK holiday spending, retailers are gearing up for Black Friday earlier this year. But not Harrods.
Don't Go Hunting for Black Friday Bargains at Harrods
As Brexit jitters dampen the outlook for UK holiday spending, retailers are gearing up for Black Friday earlier this year. But not Harrods.
News & Analysis
US Consumers Plan to Shop in Stores on Black Friday
Black Friday is still enough of a social activity that Americans like to do it in person, according to the results of a new survey from Deloitte LP.
US Consumers Plan to Shop in Stores on Black Friday
Black Friday is still enough of a social activity that Americans like to do it in person, according to the results of a new survey from Deloitte LP.
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.