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.

In the age of access, the wholesale distribution model, which comes with inventory risk and high working-capital requirements, no longer makes a lot of sense.

In the age of access, the wholesale distribution model, which comes with inventory risk and high working-capital requirements, no longer makes a lot of sense.

Listen to Imran Amed in conversation with BoF’s chief New York correspondent Lauren Sherman, as she outlines how fashion retailers can shake the industry’s addiction to discounting.

Listen to Imran Amed in conversation with BoF’s chief New York correspondent Lauren Sherman, as she outlines how fashion retailers can shake the industry’s addiction to discounting.

Pretax profit fell 17 percent to 1.04 billion Swedish krona ($112 million) despite the retailer introducing new products at lower prices to try to avoid massive discounts later.

Pretax profit fell 17 percent to 1.04 billion Swedish krona ($112 million) despite the retailer introducing new products at lower prices to try to avoid massive discounts later.

Discounting is rampant at retail, but these tactics can help you keep margins healthy.

Discounting is rampant at retail, but these tactics can help you keep margins healthy.

Black Friday and Cyber Monday sales are slated to break yet another record this year, but retailers are facing growing pressure to begin promotions well before the end of the season.

Black Friday and Cyber Monday sales are slated to break yet another record this year, but retailers are facing growing pressure to begin promotions well before the end of the season.

Hudson’s Bay is trying to turn around its discount chain, after it reported falling same-store sales for the seventh time in the past eight quarters.

Hudson’s Bay is trying to turn around its discount chain, after it reported falling same-store sales for the seventh time in the past eight quarters.

Private equity owner OpCapita is seeking a buyer for the company valued at €300-350 million, hoping to benefit from high equity valuations.

Private equity owner OpCapita is seeking a buyer for the company valued at €300-350 million, hoping to benefit from high equity valuations.

Wal-Mart posted its fastest rise in online sales in five years, signalling the retailer is getting a payoff from an ambitious online expansion, which included last year’s $3.3 billion acquisition of Jet.com.

Wal-Mart posted its fastest rise in online sales in five years, signalling the retailer is getting a payoff from an ambitious online expansion, which included last year’s $3.3 billion acquisition of Jet.com.

The company's first-quarter profits jumped almost 8 percent as attempts to turn its business around appear to be gaining some traction but it still needs to find a way to thrive in the face of intense pressure from Amazon and Wal-Mart.

The company's first-quarter profits jumped almost 8 percent as attempts to turn its business around appear to be gaining some traction but it still needs to find a way to thrive in the face of intense pressure from Amazon and Wal-Mart.

The company, which operates T.J. Maxx and Marshalls, now expects full-year profit between $3.71 and $3.78 per share, far short of analyst expectations.

The company, which operates T.J. Maxx and Marshalls, now expects full-year profit between $3.71 and $3.78 per share, far short of analyst expectations.

With apparel sales of almost £1 billion, Sainsbury's is now the UK’s 10th-largest clothing retailer by value and sixth-largest by number of garments sold.

With apparel sales of almost £1 billion, Sainsbury's is now the UK’s 10th-largest clothing retailer by value and sixth-largest by number of garments sold.

The world’s biggest retailer says it still has plenty of ground to cover as it expands its online business in the face of fierce competition from digital leaders like Amazon.

The world’s biggest retailer says it still has plenty of ground to cover as it expands its online business in the face of fierce competition from digital leaders like Amazon.
The diamond company produced less than 22 million carats last year, down from almost 35 million in 2022.
L’Oréal is in advanced talks to acquire a majority stake in Bare Anatomy parent Innovist sources told The Economic Times India.
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.
Nicole Solorzano, who joins from Ouai, is the Millennial beauty brand’s latest hire.
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.
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.
The embattled Covergirl owner has appointed five new independent directors amidst a wider leadership and company shakeup.
The Moncler Group executive will succeed longtime CEO Chris Olliver, who is staying on as executive chairman.