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
Coach’s Profit Exceeds Estimates as New Products Boost Sales
Coach posted fourth-quarter profit that exceeded analysts’ estimates as new products boosted sales.
Coach’s Profit Exceeds Estimates as New Products Boost Sales
Coach posted fourth-quarter profit that exceeded analysts’ estimates as new products boosted sales.
Financial Markets
Shopify Jumps After Raising Revenue Forecast, Beating Estimates
Shopify bumped up its annual revenue forecast for the second time this year, sending the shares up the most in almost six months.
Shopify Jumps After Raising Revenue Forecast, Beating Estimates
Shopify bumped up its annual revenue forecast for the second time this year, sending the shares up the most in almost six months.
Financial Markets
Adidas Comeback on North America Sales Jump
Adidas reported a 26 percent rise in North American sales, underscoring a comeback that has seen the athletic-shoe maker reclaim market share in the US from Nike Inc.
Adidas Comeback on North America Sales Jump
Adidas reported a 26 percent rise in North American sales, underscoring a comeback that has seen the athletic-shoe maker reclaim market share in the US from Nike Inc.
Financial Markets
Next Second-Quarter Sales Accelerate as Profit Outlook Tightened
The UK's second largest clothing retailer said sales accelerated on new store openings as it sharpened its sales and profit forecast for the year.
Next Second-Quarter Sales Accelerate as Profit Outlook Tightened
The UK's second largest clothing retailer said sales accelerated on new store openings as it sharpened its sales and profit forecast for the year.
Retail
Uniqlo ‘Revival’ Seen as Lower Prices Lift Sales
Fast Retailing bucked the broader slump in Japanese stocks, as warm weather and a shift to lowering prices boosted domestic sales at Uniqlo.
Uniqlo ‘Revival’ Seen as Lower Prices Lift Sales
Fast Retailing bucked the broader slump in Japanese stocks, as warm weather and a shift to lowering prices boosted domestic sales at Uniqlo.
Financial Markets
Slimmed-Down Avon Tops Profit Estimates
Avon soared the most in more than five months after second-quarter profit topped analysts’ estimates, helped by cost cuts and improving sales.
Slimmed-Down Avon Tops Profit Estimates
Avon soared the most in more than five months after second-quarter profit topped analysts’ estimates, helped by cost cuts and improving sales.
Financial Markets
Etsy Soars 17 Percent After Citigroup Recommends Stock
Etsy rose the most in a year after Citigroup recommended the stock with a target price of $14 a share, saying the e-commerce company has developed a strong brand for its quirky products.
Etsy Soars 17 Percent After Citigroup Recommends Stock
Etsy rose the most in a year after Citigroup recommended the stock with a target price of $14 a share, saying the e-commerce company has developed a strong brand for its quirky products.
Financial Markets
Amazon Cloud Unit Helps It Stay Profitable While Investing
Amazon's second-quarter earnings that topped analysts’ estimates, showing investors it can be consistently profitable.
Amazon Cloud Unit Helps It Stay Profitable While Investing
Amazon's second-quarter earnings that topped analysts’ estimates, showing investors it can be consistently profitable.
Financial Markets
Gucci Turnaround Buoys Kering
French luxury-goods maker Kering reported first-half earnings that beat analysts’ estimates on rising demand for Gucci and Yves Saint Laurent, helping it shrug off lower tourism in Europe.
Gucci Turnaround Buoys Kering
French luxury-goods maker Kering reported first-half earnings that beat analysts’ estimates on rising demand for Gucci and Yves Saint Laurent, helping it shrug off lower tourism in Europe.
Financial Markets
Puma Earnings Beat Analysts’ Estimates on Soccer and Women’s Shoes
Puma reported second-quarter profit that topped analysts’ estimates as the German sneaker maker got a lift from Europe’s soccer championships and a focus on the women’s market.
Puma Earnings Beat Analysts’ Estimates on Soccer and Women’s Shoes
Puma reported second-quarter profit that topped analysts’ estimates as the German sneaker maker got a lift from Europe’s soccer championships and a focus on the women’s market.
Financial Markets
LVMH Profit Meets Estimates Despite French Tourist Slump
LVMH Moet Hennessy Louis Vuitton SE reported first-half profit in line with analyst estimates as lower tourism flows to France offset stronger demand for its wines and spirits.
LVMH Profit Meets Estimates Despite French Tourist Slump
LVMH Moet Hennessy Louis Vuitton SE reported first-half profit in line with analyst estimates as lower tourism flows to France offset stronger demand for its wines and spirits.
Financial Markets
Victor Luis on Transforming Coach in Turbulent Times
BoF's Imran Amed talks to Coach CEO Victor Luis about the company's return to growth amidst wider market uncertainty.
Victor Luis on Transforming Coach in Turbulent Times
BoF's Imran Amed talks to Coach CEO Victor Luis about the company's return to growth amidst wider market uncertainty.
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.