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.
discounting
Retail
Target's Short-Term Focus Spooks Long-Term Believers
Target's focus on near-term improvements, such as store remodelling and cutting prices, is disheartening signal for long-term investors.
Target's Short-Term Focus Spooks Long-Term Believers
Target's focus on near-term improvements, such as store remodelling and cutting prices, is disheartening signal for long-term investors.
Retail
Is Nordstrom's Off-Price Strategy Hurting Its Mainline Business?
The department store chain’s off-price business is booming — but at what cost?
Is Nordstrom's Off-Price Strategy Hurting Its Mainline Business?
The department store chain’s off-price business is booming — but at what cost?
Luxury
Kors vs. Coach: Which is Best Positioned to Buy Kate Spade?
Two of Kate Spade’s biggest competitors are reportedly considering buying the accessible luxury brand. Which is likely to win — and should either of them be bidding in the first place?
Kors vs. Coach: Which is Best Positioned to Buy Kate Spade?
Two of Kate Spade’s biggest competitors are reportedly considering buying the accessible luxury brand. Which is likely to win — and should either of them be bidding in the first place?
News & Analysis
LA Prosecutors Are Accusing Four Big Retailers of Tricking Shoppers
"The Los Angeles city attorney’s office has sued four big retailers, alleging deceptive advertising that it says misled shoppers into believing that
LA Prosecutors Are Accusing Four Big Retailers of Tricking Shoppers
"The Los Angeles city attorney’s office has sued four big retailers, alleging deceptive advertising that it says misled shoppers into believing that
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
After Decade of Growth, When Will Off-Price Hit Saturation Point?
Struggling retailers continue to place bets on off-price, which is expected to grow between 6 and 8 percent by 2020. But how much is too much?
After Decade of Growth, When Will Off-Price Hit Saturation Point?
Struggling retailers continue to place bets on off-price, which is expected to grow between 6 and 8 percent by 2020. But how much is too much?
News & Analysis
TJX Beats Expectations As Discounts Lure Shoppers
The operator of T.J. Maxx and HomeGoods reported better-than-expected quarterly comparable store sales as its discounted offerings continue to attract shoppers.
TJX Beats Expectations As Discounts Lure Shoppers
The operator of T.J. Maxx and HomeGoods reported better-than-expected quarterly comparable store sales as its discounted offerings continue to attract shoppers.
China
Singles' Day vs Black Friday: Which is the Bigger Opportunity for Fashion?
Pre-holiday shopping events like Singles' Day and Black Friday are expected to generate billion of dollars in sales this year, but which of the two represents the bigger opportunity for fashion brands?
Singles' Day vs Black Friday: Which is the Bigger Opportunity for Fashion?
Pre-holiday shopping events like Singles' Day and Black Friday are expected to generate billion of dollars in sales this year, but which of the two represents the bigger opportunity for fashion brands?
Retail
With Gilt, Hudson’s Bay Company Bets Big on Off-Price
Nearly nine months after its acquisition of the flash-sales pioneer, president Jonathan Greller, chief merchant Kristen Sosa and HBC chief executive Jerry Storch discuss how Gilt Groupe fits into the company’s greater strategy.
With Gilt, Hudson’s Bay Company Bets Big on Off-Price
Nearly nine months after its acquisition of the flash-sales pioneer, president Jonathan Greller, chief merchant Kristen Sosa and HBC chief executive Jerry Storch discuss how Gilt Groupe fits into the company’s greater strategy.
News & Analysis
Outlet Shopping Comes to Town
A new breed of urban outlets is creeping closer to city centres in pursuit of younger consumers and tourists.
Outlet Shopping Comes to Town
A new breed of urban outlets is creeping closer to city centres in pursuit of younger consumers and tourists.
Retail
Michael Kors, Ralph Lauren Hit Hard by Stores’ Discounting Binge
As retailers rely more heavily on promotions to drive traffic, Michael Kors Holdings Ltd. and Ralph Lauren Corp. have been two of the biggest victims.
Michael Kors, Ralph Lauren Hit Hard by Stores’ Discounting Binge
As retailers rely more heavily on promotions to drive traffic, Michael Kors Holdings Ltd. and Ralph Lauren Corp. have been two of the biggest victims.
News & Analysis
Japanese Retailers Hurt by Discount-Seeking Shoppers
Japan’s discount-seeking shoppers drove some retailers into the red last quarter as an uncertain economic outlook persuaded consumers to tighten their purse strings.
Japanese Retailers Hurt by Discount-Seeking Shoppers
Japan’s discount-seeking shoppers drove some retailers into the red last quarter as an uncertain economic outlook persuaded consumers to tighten their purse strings.
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.