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.
cyber-monday
Latest News & Analysis
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.
Retail
Cyber Monday Sales Hit Record in Holiday Shopping Blitz
Revenue of $7.9 billion made it the largest online shopping day of all time in the US.
Cyber Monday Sales Hit Record in Holiday Shopping Blitz
Revenue of $7.9 billion made it the largest online shopping day of all time in the US.
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.
ADVERTISEMENT
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
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.
ADVERTISEMENT
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
Online Retailers Navigate the Cyber Monday Conundrum
Brands don’t want you to wait until after Thanksgiving to start buying. They want you to spend now. In fact, they may be counting on it.
Online Retailers Navigate the Cyber Monday Conundrum
Brands don’t want you to wait until after Thanksgiving to start buying. They want you to spend now. In fact, they may be counting on it.
News & Analysis
Retailers’ Holiday Strategy Doesn’t Have to Be “Discount Everything”
"Retailers should know that there are alternatives to engaging in price-to-price combat."
Retailers’ Holiday Strategy Doesn’t Have to Be “Discount Everything”
"Retailers should know that there are alternatives to engaging in price-to-price combat."
News & Analysis
Cyber Monday Sales Biggest Online Shopping Day in US History
The data compiled by Adobe Digital Insights, easily surpassed prior estimates, and dismissed fears that strong web sales during the Thanksgiving weekend would hurt sales on Cyber Monday.
Cyber Monday Sales Biggest Online Shopping Day in US History
The data compiled by Adobe Digital Insights, easily surpassed prior estimates, and dismissed fears that strong web sales during the Thanksgiving weekend would hurt sales on Cyber Monday.
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.