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
Macy's Shares Surge After Profit Beats Estimates
First-quarter same-store sales rose 4.2 percent signaling that the company is keeping up in a fiercely competitive retail landscape.
Macy's Shares Surge After Profit Beats Estimates
First-quarter same-store sales rose 4.2 percent signaling that the company is keeping up in a fiercely competitive retail landscape.
Financial Markets
Profits Slump at Arcadia
The owner of Topshop has reported a 42 percent slump in full-year profit, blaming intense UK competition.
Profits Slump at Arcadia
The owner of Topshop has reported a 42 percent slump in full-year profit, blaming intense UK competition.
Financial Markets
Pandora Suffers Chinese Revenue Slowdown
The jewellery maker's sales growth in China weakened to 16 percent from 62 percent.
Pandora Suffers Chinese Revenue Slowdown
The jewellery maker's sales growth in China weakened to 16 percent from 62 percent.
Financial Markets
Coty Results Beats on Demand for Luxury Fragrances
The beauty products maker reported quarterly results that beat analysts' estimates, helped by robust sales for its Burberry Beauty and Gucci Bloom fragrances.
Coty Results Beats on Demand for Luxury Fragrances
The beauty products maker reported quarterly results that beat analysts' estimates, helped by robust sales for its Burberry Beauty and Gucci Bloom fragrances.
Financial Markets
JD.com Misses Estimates Amid Spending on Physical Stores
The online shopping giant reported quarterly profit that fell short of analyst expectations, as it ramps up the construction of physical shops and warehouses amid rising competition from Alibaba.
JD.com Misses Estimates Amid Spending on Physical Stores
The online shopping giant reported quarterly profit that fell short of analyst expectations, as it ramps up the construction of physical shops and warehouses amid rising competition from Alibaba.
Beauty
Beiersdorf Lifted by Strong La Prairie Sales
The firm beat its consumer product rivals by posting a 6.5 percent rise in first-quarter organic group sales.
Beiersdorf Lifted by Strong La Prairie Sales
The firm beat its consumer product rivals by posting a 6.5 percent rise in first-quarter organic group sales.
Financial Markets
Moncler Sees Revenue Grow by 20 Percent in First Quarter
Strong demand in China and Hong Kong helped boost revenues to €332 million ($398 million).
Moncler Sees Revenue Grow by 20 Percent in First Quarter
Strong demand in China and Hong Kong helped boost revenues to €332 million ($398 million).
Financial Markets
VF Corp's Quarterly Revenue Tops Estimates
The company has ramped up efforts in reshaping its portfolio and elevating its most powerful brands like Vans, Wrangler and Timberland.
VF Corp's Quarterly Revenue Tops Estimates
The company has ramped up efforts in reshaping its portfolio and elevating its most powerful brands like Vans, Wrangler and Timberland.
Financial Markets
Under Armour Picks up Momentum Overseas
The sportswear maker topped forecasts for first-quarter revenue, as stronger demand internationally made up for stagnating sales in North America.
Under Armour Picks up Momentum Overseas
The sportswear maker topped forecasts for first-quarter revenue, as stronger demand internationally made up for stagnating sales in North America.
Financial Markets
Tapestry Sinks Amid Struggles at Kate Spade, Stuart Weitzman
The company reported a drop in third-quarter margins, sending its shares down 14 percent.
Tapestry Sinks Amid Struggles at Kate Spade, Stuart Weitzman
The company reported a drop in third-quarter margins, sending its shares down 14 percent.
Financial Markets
Luxottica's First Quarter Sales Hurt by Bad Weather, Distribution Clean-Up
The company is suffering due to tighter distribution policies.
Luxottica's First Quarter Sales Hurt by Bad Weather, Distribution Clean-Up
The company is suffering due to tighter distribution policies.
Financial Markets
Amazon's Quarterly Profit More Than Doubles
The company has been notorious for running on a low-profit margin. Yet its big bets on new services and entry into new industries have reaped shareholders rewards over the past decade.
Amazon's Quarterly Profit More Than Doubles
The company has been notorious for running on a low-profit margin. Yet its big bets on new services and entry into new industries have reaped shareholders rewards over the past decade.
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.