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
Sports
Nike’s Comeback Finally Takes Shape
The sportswear giant’s latest earnings results showed clear signs of progress for a long-awaited comeback, but there’s still plenty of work left to be done.
Nike’s Comeback Finally Takes Shape
The sportswear giant’s latest earnings results showed clear signs of progress for a long-awaited comeback, but there’s still plenty of work left to be done.
Luxury
Brunello Cucinelli Seeks to Reassure Investors After Short Seller Accusations
The Italian cashmere label rejected allegations that it misled investors about its Russian business and discounting practices and confirmed it’s on target to grow sales 10 percent this year.
Brunello Cucinelli Seeks to Reassure Investors After Short Seller Accusations
The Italian cashmere label rejected allegations that it misled investors about its Russian business and discounting practices and confirmed it’s on target to grow sales 10 percent this year.
Luxury
Brunello Cucinelli Shares Fall 15% After Alleged Russia Links
Short seller Morpheus Research accused the Italian luxury label of secretly operating in Russia despite EU sanctions. The company has denied the claims.
Brunello Cucinelli Shares Fall 15% After Alleged Russia Links
Short seller Morpheus Research accused the Italian luxury label of secretly operating in Russia despite EU sanctions. The company has denied the claims.
Fashion Week
H&M Makes London Fashion Week Return Amid Brand Revamp
The brand’s first runway show in seven years marks its latest effort to demonstrate its fashion chops, as it struggles to carve out a distinct position in a crowded market.
H&M Makes London Fashion Week Return Amid Brand Revamp
The brand’s first runway show in seven years marks its latest effort to demonstrate its fashion chops, as it struggles to carve out a distinct position in a crowded market.
Retail
Gap Drops After Tariffs’ Tolls and Athleta Weigh on Performance
Changes at the San Francisco-based company’s namesake brand and Old Navy seem to be working, but Banana Republic and Athleta haven’t bounced back as quickly.
Gap Drops After Tariffs’ Tolls and Athleta Weigh on Performance
Changes at the San Francisco-based company’s namesake brand and Old Navy seem to be working, but Banana Republic and Athleta haven’t bounced back as quickly.
Luxury
Victoria Beckham’s Brand Is Only Getting Bigger
As Beckham prepares for a star turn in a Netflix docuseries this autumn, her brand surpassed £100 million in annual sales, driven by strength in both beauty and fashion, even as the wider luxury industry suffers a slowdown.
Victoria Beckham’s Brand Is Only Getting Bigger
As Beckham prepares for a star turn in a Netflix docuseries this autumn, her brand surpassed £100 million in annual sales, driven by strength in both beauty and fashion, even as the wider luxury industry suffers a slowdown.
Retail
Walmart Slumps on Rare Profit Miss, Citing Higher Claims
Despite the rare profit miss, the retail giant raised its full-year sales guidance, an optimistic signal that consumers’ purchasing power is holding up despite rising concerns over inflation and weakening economic data.
Walmart Slumps on Rare Profit Miss, Citing Higher Claims
Despite the rare profit miss, the retail giant raised its full-year sales guidance, an optimistic signal that consumers’ purchasing power is holding up despite rising concerns over inflation and weakening economic data.
Beauty
Estée Lauder Companies Says Its Turnaround Is Working — Slowly
The company’s recovery plan is underway, and green shoots are appearing in key areas like China. But its core brands are still struggling, and competition is stacking up.
Estée Lauder Companies Says Its Turnaround Is Working — Slowly
The company’s recovery plan is underway, and green shoots are appearing in key areas like China. But its core brands are still struggling, and competition is stacking up.
Retail
Have Trump’s Tariffs Finally Put an End to Crocs’ 19-Year Reign?
The plastic clog maker’s share price is down nearly 30 percent — its lowest level for three years — and revenues are expected to drop by at least 9 percent in the current quarter.
Have Trump’s Tariffs Finally Put an End to Crocs’ 19-Year Reign?
The plastic clog maker’s share price is down nearly 30 percent — its lowest level for three years — and revenues are expected to drop by at least 9 percent in the current quarter.
Beauty
Beauty Chases Its New Rocket Ships
As companies lower their forecasts, brace for tariffs and undertake layoffs, the industry is realising its tried-and-true categories and markets will need reinforcements.
Beauty Chases Its New Rocket Ships
As companies lower their forecasts, brace for tariffs and undertake layoffs, the industry is realising its tried-and-true categories and markets will need reinforcements.
Retail
This Week: How Far Does the Power of Brand Go?
On Running and Tapestry report earnings this week amid rising inflation and cautious consumers. Following strong performances from Ralph Lauren and E.l.f. Beauty, these results will continue to test whether brand power is a match for economic uncertainty.
This Week: How Far Does the Power of Brand Go?
On Running and Tapestry report earnings this week amid rising inflation and cautious consumers. Following strong performances from Ralph Lauren and E.l.f. Beauty, these results will continue to test whether brand power is a match for economic uncertainty.
Luxury
Ralph Lauren Keeps Winning Streak Going, Raises Annual Outlook
The American fashion company has been a standout among US apparel companies, managing to steadily increase prices in recent years — even before tariffs hit.
Ralph Lauren Keeps Winning Streak Going, Raises Annual Outlook
The American fashion company has been a standout among US apparel companies, managing to steadily increase prices in recent years — even before tariffs hit.
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.