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
Retail
Saks to Start Black Friday Sales Early
The luxury retailer, owned by Canadian department store operator Hudson's Bay Co, will start Black Friday sales on Wednesday, chief executive Jerry Storch said.
Saks to Start Black Friday Sales Early
The luxury retailer, owned by Canadian department store operator Hudson's Bay Co, will start Black Friday sales on Wednesday, chief executive Jerry Storch said.
Retail
Wal-Mart to Offer Most Black Friday Promotions Online First
Wal-Mart Stores Inc. plans to offer most of its Black Friday discounts to online shoppers hours before they become available in stores, as the company attempts to hold off challenges by other e-commerce rivals.
Wal-Mart to Offer Most Black Friday Promotions Online First
Wal-Mart Stores Inc. plans to offer most of its Black Friday discounts to online shoppers hours before they become available in stores, as the company attempts to hold off challenges by other e-commerce rivals.
Technology
Bits & Bytes | Shoptiques' Recommerce, Myntra's New App, Le Tote's Clothing Rental
Bits and Bytes is a weekly roundup of the most important news in the fast evolving fashion-tech space.
Bits & Bytes | Shoptiques' Recommerce, Myntra's New App, Le Tote's Clothing Rental
Bits and Bytes is a weekly roundup of the most important news in the fast evolving fashion-tech space.
Retail
Billionaires’ Startup Brings Black Friday to Pakistan’s Shoppers
The billionaire Samwer brothers want to help introduce Pakistan’s shoppers to a local version of Black Friday, the November sales binge that kicks off the year-end holiday retail season in the US.
Billionaires’ Startup Brings Black Friday to Pakistan’s Shoppers
The billionaire Samwer brothers want to help introduce Pakistan’s shoppers to a local version of Black Friday, the November sales binge that kicks off the year-end holiday retail season in the US.
Technology
Amazon's Prime Day Draws Big Virtual Crowd, Frustrates Some Shoppers
Merchants participating in Amazon.com's inaugural "Prime Day" sale saw an 80 percent rise in US sales from a year earlier, although the event also drew ire from some shoppers.
Amazon's Prime Day Draws Big Virtual Crowd, Frustrates Some Shoppers
Merchants participating in Amazon.com's inaugural "Prime Day" sale saw an 80 percent rise in US sales from a year earlier, although the event also drew ire from some shoppers.
News & Analysis
UK Retail Spending Rises as ‘Feel-Better Factor’ Returns
"UK consumers are increasing their spending in the shops as they become more confident about personal finances."
UK Retail Spending Rises as ‘Feel-Better Factor’ Returns
"UK consumers are increasing their spending in the shops as they become more confident about personal finances."
Retail
Brazil Retail Sales Rise in November as Black Friday Takes Root
Retail sales in Brazil rose in November as consumers pounced on early holiday promotions, reinforcing the rising popularity of the Black Friday shopping trend started in the United States.
Brazil Retail Sales Rise in November as Black Friday Takes Root
Retail sales in Brazil rose in November as consumers pounced on early holiday promotions, reinforcing the rising popularity of the Black Friday shopping trend started in the United States.
Retail
'Black Friday' Lifts UK Retail Sales Growth to 10-Year High
British retail sales surged at their fastest annual rate in more than a decade in November, as U.S.-style "Black Friday" discounts drove record sales growth at electrical and department stores.
'Black Friday' Lifts UK Retail Sales Growth to 10-Year High
British retail sales surged at their fastest annual rate in more than a decade in November, as U.S.-style "Black Friday" discounts drove record sales growth at electrical and department stores.
Retail
US Weekend Sales Fall on Early Discounts, Online Growth
Early holiday promotions and rising online shopping took a toll on in-store U.S. sales during the Thanksgiving weekend as shoppers on average spent 6.4 percent less than they did a year earlier.
US Weekend Sales Fall on Early Discounts, Online Growth
Early holiday promotions and rising online shopping took a toll on in-store U.S. sales during the Thanksgiving weekend as shoppers on average spent 6.4 percent less than they did a year earlier.
Retail
Black Friday Going Global With US Deals Just a Click Away
Black Friday, the annual rite of retail that commands American attention the day after Thanksgiving, is catching on around the world. People from London to Leipzig to London, Ontario are starting to rush big box stores the next day.
Black Friday Going Global With US Deals Just a Click Away
Black Friday, the annual rite of retail that commands American attention the day after Thanksgiving, is catching on around the world. People from London to Leipzig to London, Ontario are starting to rush big box stores the next day.
Retail
Tiffany, T.J. Maxx Among Retailers Ignoring Black Friday
NEW YORK, United States — Black Friday weekend is the year's biggest promotional event for most major U.S. retailers, and yet there are prominent
Tiffany, T.J. Maxx Among Retailers Ignoring Black Friday
NEW YORK, United States — Black Friday weekend is the year's biggest promotional event for most major U.S. retailers, and yet there are prominent
Retail
Black Friday Shopping Catches on in UK
Halloween and Mother's Day have become staples of the U.K. shopping calendar. Now Black Friday looks as though it may be the next big retail import from the United States.
Black Friday Shopping Catches on in UK
Halloween and Mother's Day have become staples of the U.K. shopping calendar. Now Black Friday looks as though it may be the next big retail import from the United States.
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.