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.
business-growth
Financial Markets
PVH Beats 2Q Profit Forecasts
PVH Corp. reported fiscal second-quarter profit of $90.5 million.
PVH Beats 2Q Profit Forecasts
PVH Corp. reported fiscal second-quarter profit of $90.5 million.
Financial Markets
Guess Beats 2Q Profit Forecasts
Guess Inc. reported fiscal second-quarter net income of $32.3 million.
Guess Beats 2Q Profit Forecasts
Guess Inc. reported fiscal second-quarter net income of $32.3 million.
Financial Markets
Wal-Mart Profit Beats Expectations With Stocks Rising
The world's largest retailer reported a higher-than-expected quarterly profit as sales at its established US stores rose for the eighth consecutive quarter, sending its shares up more than 3 percent.
Wal-Mart Profit Beats Expectations With Stocks Rising
The world's largest retailer reported a higher-than-expected quarterly profit as sales at its established US stores rose for the eighth consecutive quarter, sending its shares up more than 3 percent.
Financial Markets
Canadian Retailer Aritzia Files for Toronto IPO as Market Thaws
Aritzia, the Canadian women’s fashion retailer, filed for an initial public offering on the Toronto Stock Exchange.
Canadian Retailer Aritzia Files for Toronto IPO as Market Thaws
Aritzia, the Canadian women’s fashion retailer, filed for an initial public offering on the Toronto Stock Exchange.
Financial Markets
L Brands Tops Second Quarter Forecasts
L Brands reported fiscal second-quarter net income of $252.4 million.
L Brands Tops Second Quarter Forecasts
L Brands reported fiscal second-quarter net income of $252.4 million.
Retail
Urban Outfitters Tops 2Q Forecasts
Urban Outfitters reported fiscal second-quarter earnings of $76.9 million.
Urban Outfitters Tops 2Q Forecasts
Urban Outfitters reported fiscal second-quarter earnings of $76.9 million.
Retail
Nordstrom Profit Tops Estimates as Rack Brand’s Sales Increase
Nordstrom posted second-quarter profit that topped analysts’ estimates, helped by higher sales at its off-price Rack chain.
Nordstrom Profit Tops Estimates as Rack Brand’s Sales Increase
Nordstrom posted second-quarter profit that topped analysts’ estimates, helped by higher sales at its off-price Rack chain.
Financial Markets
Alibaba Sales Beat Estimates on Cloud as Revenue Rises 59 Percent
Alibaba's quarterly revenue beat analysts’ estimates as cloud computing services surged and its core e-commerce business held up despite a slowing Chinese economy.
Alibaba Sales Beat Estimates on Cloud as Revenue Rises 59 Percent
Alibaba's quarterly revenue beat analysts’ estimates as cloud computing services surged and its core e-commerce business held up despite a slowing Chinese economy.
Financial Markets
Zalando Confirms Earnings Boost From Efficiency and New Brands
Zalando boosted earnings as the online apparel retailer added new brands like Kate Spade and got more bang for its marketing buck.
Zalando Confirms Earnings Boost From Efficiency and New Brands
Zalando boosted earnings as the online apparel retailer added new brands like Kate Spade and got more bang for its marketing buck.
Financial Markets
From Bankruptcy to Billions: Fashion’s Greatest Second (and Third) Acts
From Chanel to Michael Kors, BoF examines companies that failed hard on the way to global success.
From Bankruptcy to Billions: Fashion’s Greatest Second (and Third) Acts
From Chanel to Michael Kors, BoF examines companies that failed hard on the way to global success.
Financial Markets
Ralph Lauren Profit Tops Estimates on Larsson’s Turnaround Plan
Ralph Lauren reported first-quarter profit that exceeded analysts’ estimates as new chief executive officer Stefan Larsson’s turnaround plan takes hold.
Ralph Lauren Profit Tops Estimates on Larsson’s Turnaround Plan
Ralph Lauren reported first-quarter profit that exceeded analysts’ estimates as new chief executive officer Stefan Larsson’s turnaround plan takes hold.
Financial Markets
China's JD.com Revenue Meets Expectations as Slowdown Continues
JD.com reported revenue for the second quarter of 2016 that was within company forecasts, even as the growth rate continued a steady decline.
China's JD.com Revenue Meets Expectations as Slowdown Continues
JD.com reported revenue for the second quarter of 2016 that was within company forecasts, even as the growth rate continued a steady decline.
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.