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.
earnings-forecast
Financial Markets
VF Corporation's Quarterly Results Top Estimates
Revenue from the company's Vans shoe segment rose 35 percent in the quarter, helping drive the strong results.
VF Corporation's Quarterly Results Top Estimates
Revenue from the company's Vans shoe segment rose 35 percent in the quarter, helping drive the strong results.
Financial Markets
EBay Rattles Investors Already Spooked by Threat of Amazon
The online marketplace missed on sales and trimmed its 2018 revenue outlook.
EBay Rattles Investors Already Spooked by Threat of Amazon
The online marketplace missed on sales and trimmed its 2018 revenue outlook.
News & Analysis
Gucci Aims for €10 Billion Revenue Threshold
Gucci, the biggest earnings driver at French group Kering, said it expected sales to grow at twice the pace of the luxury market in the coming years.
Gucci Aims for €10 Billion Revenue Threshold
Gucci, the biggest earnings driver at French group Kering, said it expected sales to grow at twice the pace of the luxury market in the coming years.
Retail
Kohl’s Revenues Top Analyst Estimates
The US department-store chain raised its full-year earnings forecast as its turnaround gains steam.
Kohl’s Revenues Top Analyst Estimates
The US department-store chain raised its full-year earnings forecast as its turnaround gains steam.
China
Alibaba Unapologetic on Spending to Drive Growth
The e-commerce giant has been spending more as it expands into new areas and abroad.
Alibaba Unapologetic on Spending to Drive Growth
The e-commerce giant has been spending more as it expands into new areas and abroad.
News & Analysis
Amazon Expects Strong Revenue Growth
Revenue in the first quarter is estimated to reach $49.9 billion, up 40 percent from a year earlier, boosted by the Whole Foods acquisition.
Amazon Expects Strong Revenue Growth
Revenue in the first quarter is estimated to reach $49.9 billion, up 40 percent from a year earlier, boosted by the Whole Foods acquisition.
News & Analysis
Puma Says China Powered Strong First-Quarter Sales
The German sportswear maker raised its full-year growth target after reporting a stronger-than-expected start to 2018.
Puma Says China Powered Strong First-Quarter Sales
The German sportswear maker raised its full-year growth target after reporting a stronger-than-expected start to 2018.
Financial Markets
Puma Lifts Guidance As Sales Growth Accelerates
The German sportswear brand nudged up its sales and profit guidance for 2018, but warned of volatile currencies and the threat of a US-China trade war.
Puma Lifts Guidance As Sales Growth Accelerates
The German sportswear brand nudged up its sales and profit guidance for 2018, but warned of volatile currencies and the threat of a US-China trade war.
Financial Markets
Prada Shares Soar 20 Percent on Growth Outlook
Prada shares jumped to its highest level since June 2015.
Prada Shares Soar 20 Percent on Growth Outlook
Prada shares jumped to its highest level since June 2015.
Financial Markets
Prada Sees Growth Ahead Despite Profit Drop
Despite the declines, chief executive Patrizio Bertelli expressed confidence the Italian luxury-goods brand would return to growth.
Prada Sees Growth Ahead Despite Profit Drop
Despite the declines, chief executive Patrizio Bertelli expressed confidence the Italian luxury-goods brand would return to growth.
News & Analysis
Hugo Boss Expects Sales Uplift in 2018
The German fashion house expects sales growth to accelerate as it adds more sportswear and casual styles, while revamping stores and its website.
Hugo Boss Expects Sales Uplift in 2018
The German fashion house expects sales growth to accelerate as it adds more sportswear and casual styles, while revamping stores and its website.
Financial Markets
Yoox Net-A-Porter on Track to Meet Five-Year Plan Target
YNAP's core profit margins are forecast to rise by 30 to 70 basis points in 2018, with the online luxury retailer boosted by mobile sales and those in the Middle East.
Yoox Net-A-Porter on Track to Meet Five-Year Plan Target
YNAP's core profit margins are forecast to rise by 30 to 70 basis points in 2018, with the online luxury retailer boosted by mobile sales and those in the Middle East.
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.