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-report
Financial Markets
Inditex Reports Slowdown in Sales, Weaker Profitability
The Zara owner reported its weakest profitability in a decade, showing that it isn’t immune to the troubles ailing Swedish rival H&M.
Inditex Reports Slowdown in Sales, Weaker Profitability
The Zara owner reported its weakest profitability in a decade, showing that it isn’t immune to the troubles ailing Swedish rival H&M.
Financial Markets
Dick's Is Tumbling and Its Woes Have Nothing to Do With Guns
Profit, revenue and same-store sales all missed projections.
Dick's Is Tumbling and Its Woes Have Nothing to Do With Guns
Profit, revenue and same-store sales all missed projections.
Financial Markets
Furla Revenues to Surpass €500 Million in 2018
The Italian handbag maker’s turnover grew 20 percent last year, fuelled by strong demand in the Asia-Pacific region and its digital investments.
Furla Revenues to Surpass €500 Million in 2018
The Italian handbag maker’s turnover grew 20 percent last year, fuelled by strong demand in the Asia-Pacific region and its digital investments.
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.
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.
Financial Markets
Target’s Turnaround Plan Takes a Toll on Profit
The retailer is spending more on delivering online orders as part of its push to catch up in e-commerce.
Target’s Turnaround Plan Takes a Toll on Profit
The retailer is spending more on delivering online orders as part of its push to catch up in e-commerce.
Retail
Nordstrom's Weaker Profit Clouds Comeback Plan
Though sales grew faster than expected last quarter, the results spotlighted the challenges in Nordstrom’s turnaround plan.
Nordstrom's Weaker Profit Clouds Comeback Plan
Though sales grew faster than expected last quarter, the results spotlighted the challenges in Nordstrom’s turnaround plan.
Financial Markets
Gap Jumps as Old Navy Fuels Optimism for Faster Rebound
Banana Republic and the Gap brand also outpaced estimates.
Gap Jumps as Old Navy Fuels Optimism for Faster Rebound
Banana Republic and the Gap brand also outpaced estimates.
Financial Markets
Moncler Sales Rose 15 Percent in 2017
The Italian luxury outerwear maker said it foresaw further growth in 2018, after posting a rise in revenue last year and launching a new product strategy based on faster-paced collections.
Moncler Sales Rose 15 Percent in 2017
The Italian luxury outerwear maker said it foresaw further growth in 2018, after posting a rise in revenue last year and launching a new product strategy based on faster-paced collections.
Technology
Fossil Soars as Wearables, E-Commerce Fuels Sales
Sales of wearable devices nearly doubled last year to more than $300 million and now account for 14 percent of Fossil's watch revenue.
Fossil Soars as Wearables, E-Commerce Fuels Sales
Sales of wearable devices nearly doubled last year to more than $300 million and now account for 14 percent of Fossil's watch revenue.
Financial Markets
Under Armour's Global Push Helps Ease Slump at Home
The athletic-wear company reported fourth-quarter revenue that topped projections, led by a 47 percent increase in sales outside North America.
Under Armour's Global Push Helps Ease Slump at Home
The athletic-wear company reported fourth-quarter revenue that topped projections, led by a 47 percent increase in sales outside North America.
Financial Markets
Gucci Boosts Kering's Fourth-Quarter Sales Growth
Kering is enjoying its most profitable year on record, as Gucci closed out 2017 with another quarter of runaway growth.
Gucci Boosts Kering's Fourth-Quarter Sales Growth
Kering is enjoying its most profitable year on record, as Gucci closed out 2017 with another quarter of runaway growth.
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.