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.
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Latest News & Analysis
China
Travel Retail Is in Trouble. How Bad Will It Get?
As the coronavirus outbreak intensifies, Chinese outbound tourism comes to a standstill and retailers begin to assess the damage to business beyond China.
Travel Retail Is in Trouble. How Bad Will It Get?
As the coronavirus outbreak intensifies, Chinese outbound tourism comes to a standstill and retailers begin to assess the damage to business beyond China.
Retail
Canada Goose Sees Hit to 2020 Profit and Sales from Coronavirus
The outerwear brand generates about a fifth of its revenue from Asia.
Canada Goose Sees Hit to 2020 Profit and Sales from Coronavirus
The outerwear brand generates about a fifth of its revenue from Asia.
News & Analysis
Italy's Fashion Industry Expects Growth to Stall, Before Rebounding
Amid trade war tensions, Brexit and Hong Kong protests, the Italian fashion industry's revenue growth is slowing.
Italy's Fashion Industry Expects Growth to Stall, Before Rebounding
Amid trade war tensions, Brexit and Hong Kong protests, the Italian fashion industry's revenue growth is slowing.
News & Analysis
Calvin Klein Owner PVH Cuts Full-Year Profit, Revenue Forecast
The parent company of Calvin Klein expects US tariffs on Chinese goods to cut earnings by about 20 cents and hit full-year revenue by the end of 2019.
Calvin Klein Owner PVH Cuts Full-Year Profit, Revenue Forecast
The parent company of Calvin Klein expects US tariffs on Chinese goods to cut earnings by about 20 cents and hit full-year revenue by the end of 2019.
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Financial Markets
Amazon's Big Spending Dents Profit and Trims Forecast
Amazon said it would spend $800 million in the second quarter to move to one-day delivery for its best customers, trying to maintain its fast-shipping advantage over rivals like Walmart.
Amazon's Big Spending Dents Profit and Trims Forecast
Amazon said it would spend $800 million in the second quarter to move to one-day delivery for its best customers, trying to maintain its fast-shipping advantage over rivals like Walmart.
Retail
Abercrombie & Fitch Shares Dive 18% Due To Slowing Sales Growth
The company has decided to close three flagship stores, including a Hollister store in New York's SoHo area.
Abercrombie & Fitch Shares Dive 18% Due To Slowing Sales Growth
The company has decided to close three flagship stores, including a Hollister store in New York's SoHo area.
News & Analysis
Higher Spending Dampens Forecast for Michael Kors Owner Capri
The company, which is banking on the popularity of Jimmy Choo and Versace to offset weakness at Michael Kors, has been investing in new stores, event sponsorships and promotional contracts with movie stars.
Higher Spending Dampens Forecast for Michael Kors Owner Capri
The company, which is banking on the popularity of Jimmy Choo and Versace to offset weakness at Michael Kors, has been investing in new stores, event sponsorships and promotional contracts with movie stars.
Financial Markets
Amazon Shares Dip After Sales Miss
The e-commerce behemoth came short of Wall Street projections for its quarterly sales and lowered its revenue forecast for the holiday season.
Amazon Shares Dip After Sales Miss
The e-commerce behemoth came short of Wall Street projections for its quarterly sales and lowered its revenue forecast for the holiday season.
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Retail
Zalando Slashes Guidance Again
Europe's biggest pure online fashion retailer said the unusually hot summer weighed on revenue growth and earnings.
Zalando Slashes Guidance Again
Europe's biggest pure online fashion retailer said the unusually hot summer weighed on revenue growth and earnings.
Beauty
Luxury Shudders as China's Tech Sector Stumbles
This week, everyone will be talking about China's troubled tech sector, indie beauty brands and retail earnings. Read our BoF Professional Cheat Sheet.
Luxury Shudders as China's Tech Sector Stumbles
This week, everyone will be talking about China's troubled tech sector, indie beauty brands and retail earnings. Read our BoF Professional Cheat Sheet.
News & Analysis
Jimmy Choo Sales Help Michael Kors Beat Estimates
The boost prompted the company to raise its full-year earnings forecast.
Jimmy Choo Sales Help Michael Kors Beat Estimates
The boost prompted the company to raise its full-year earnings forecast.
Financial Markets
Zalando Trims Outlook After Disappointing Quarter
Europe's biggest pure online fashion retailer's quarterly results fell short of analyst expectations, even though it reported a record number of active customers.
Zalando Trims Outlook After Disappointing Quarter
Europe's biggest pure online fashion retailer's quarterly results fell short of analyst expectations, even though it reported a record number of active customers.
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.