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
Retail
Thanksgiving, Black Friday Sales Up 9 Percent
E-commerce sales rose 10.8 percent for the two-day period, while sales at physical stores grew 8.6 percent.
Thanksgiving, Black Friday Sales Up 9 Percent
E-commerce sales rose 10.8 percent for the two-day period, while sales at physical stores grew 8.6 percent.
News & Analysis
Wal-Mart Kicks off Cyber Monday on Friday
The firm's preliminary holiday shopping forecast is for online sales to rise as much as 19 percent to $81 billion.
Wal-Mart Kicks off Cyber Monday on Friday
The firm's preliminary holiday shopping forecast is for online sales to rise as much as 19 percent to $81 billion.
Technology
Bits & Bytes | Cyber Monday, Social Campaigns, Target's Data Breach
Bits and Bytes is a weekly roundup of the most important news in the fast evolving fashion-tech space.
Bits & Bytes | Cyber Monday, Social Campaigns, Target's Data Breach
Bits and Bytes is a weekly roundup of the most important news in the fast evolving fashion-tech space.
Retail
Cyber Monday Sales Top $3 Billion as Discounts Spur Buyers
Americans bought more than $3 billion worth of goods on Cyber Monday as bigger-than-expected discounts and strong demand for electronics and toys added up to the biggest ever day for US online sales.
Cyber Monday Sales Top $3 Billion as Discounts Spur Buyers
Americans bought more than $3 billion worth of goods on Cyber Monday as bigger-than-expected discounts and strong demand for electronics and toys added up to the biggest ever day for US online sales.
Marketing
US Cyber Monday Sales Jump, High Traffic Leads to Website Outages
US online sales grew 14 percent on Cyber Monday, on track to set a record, leading some retail websites, like Target Corp's, to crash temporarily due to high customer traffic.
US Cyber Monday Sales Jump, High Traffic Leads to Website Outages
US online sales grew 14 percent on Cyber Monday, on track to set a record, leading some retail websites, like Target Corp's, to crash temporarily due to high customer traffic.
News & Analysis
Target Website Stumbles on Cyber Monday, Locking Out Some Users
Target Corp. struggled to handle a surge of e-commerce traffic on Cyber Monday, making its website inaccessible to some users.
Target Website Stumbles on Cyber Monday, Locking Out Some Users
Target Corp. struggled to handle a surge of e-commerce traffic on Cyber Monday, making its website inaccessible to some users.
Retail
Black Friday or Not, We Can Still Shop Like Crazy
Black Friday may be getting tired, but buying stuff that's on sale probably isn't.
Black Friday or Not, We Can Still Shop Like Crazy
Black Friday may be getting tired, but buying stuff that's on sale probably isn't.
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.
News & Analysis
Russian Retailers Plan Cyber Monday to Boost Sales Amid Crisis
Retailers in Russia will hold a third Cyber Monday event next week with the stakes higher than in the past two years as the economy heads into recession.
Russian Retailers Plan Cyber Monday to Boost Sales Amid Crisis
Retailers in Russia will hold a third Cyber Monday event next week with the stakes higher than in the past two years as the economy heads into recession.
Technology
Bits & Bytes | Luxottica & Intel, Cyber Monday, Clothing-Fit Tech, Lazada
Bits & Bytes is a weekly roundup of the most important news in the fast evolving fashion-tech space.
Bits & Bytes | Luxottica & Intel, Cyber Monday, Clothing-Fit Tech, Lazada
Bits & Bytes is a weekly roundup of the most important news in the fast evolving fashion-tech space.
Retail
Cyber Monday Online Sales Rose 17% to $2 Billion, ComScore Says
SAN FRANCISCO, United States — Holiday shopping on the Web rose 17 percent to a record $2.04 billion on Cyber Monday, researcher ComScore Inc. said,
Cyber Monday Online Sales Rose 17% to $2 Billion, ComScore Says
SAN FRANCISCO, United States — Holiday shopping on the Web rose 17 percent to a record $2.04 billion on Cyber Monday, researcher ComScore Inc. said,
News & Analysis
Cyber Monday Sales Pass $2 Billion in Biggest E-commerce Day Ever
"The record-breaking figures come as a welcome tonic for retailers after news that sales over the Thanksgiving weekend were a bust."
Cyber Monday Sales Pass $2 Billion in Biggest E-commerce Day Ever
"The record-breaking figures come as a welcome tonic for retailers after news that sales over the Thanksgiving weekend were a bust."
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.