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.
employees
Retail
Wal-Mart Eliminates More Corporate Jobs
The company confirmed the latest round of job cuts, which will involve "hundreds" of positions in its international and technology businesses, along with its Sam's Club warehouse chain.
Wal-Mart Eliminates More Corporate Jobs
The company confirmed the latest round of job cuts, which will involve "hundreds" of positions in its international and technology businesses, along with its Sam's Club warehouse chain.
Retail
Amazon Plans to Hire 30,000 Part-Time Workers
The positions are in addition to the 100,000 full-time jobs with benefits Amazon said in January that it would create in the US over the next 18 months.
Amazon Plans to Hire 30,000 Part-Time Workers
The positions are in addition to the 100,000 full-time jobs with benefits Amazon said in January that it would create in the US over the next 18 months.
News & Analysis
India's Snapdeal to Cut 600 Staff, Founders Forego Salary
Snapdeal was valued at $6.5 billion after a fund-raising last year but its valuation is under threat like its bigger rival Flipkart.
India's Snapdeal to Cut 600 Staff, Founders Forego Salary
Snapdeal was valued at $6.5 billion after a fund-raising last year but its valuation is under threat like its bigger rival Flipkart.
Retail
Abercrombie & Fitch Names Merchandising Head as CEO
Fran Horowitz replaces Michael Jeffries, who stepped down in 2014 after over two decades at the helm.
Abercrombie & Fitch Names Merchandising Head as CEO
Fran Horowitz replaces Michael Jeffries, who stepped down in 2014 after over two decades at the helm.
News & Analysis
Amazon Plans $1.5 Billion Air Hub For Faster Orders
Amazon will employ 2,000 workers at the new facility when it opens at Cincinnati/Northern Kentucky International Airport.
Amazon Plans $1.5 Billion Air Hub For Faster Orders
Amazon will employ 2,000 workers at the new facility when it opens at Cincinnati/Northern Kentucky International Airport.
News & Analysis
The Changing Faces of Vogue
Alexandra Shulman's departure from British Vogue comes after new appointments at several international editions of the magazine, presenting a unique opportunity for Condé Nast to reboot the brand for today’s media reality.
The Changing Faces of Vogue
Alexandra Shulman's departure from British Vogue comes after new appointments at several international editions of the magazine, presenting a unique opportunity for Condé Nast to reboot the brand for today’s media reality.
News & Analysis
UK Workers Paid Just £3 an Hour to Make Clothes for River Island and New Look
The investigation found Leicester-based Fashion Square Ltd and United Creations Ltd, where the clothes were made, paid their employees between £3 and £3.50 per hour.
UK Workers Paid Just £3 an Hour to Make Clothes for River Island and New Look
The investigation found Leicester-based Fashion Square Ltd and United Creations Ltd, where the clothes were made, paid their employees between £3 and £3.50 per hour.
Retail
Target Names Rick Gomez as Chief Marketing Officer
He replacing Jeff Jones, who had left the retail chain to join Uber Technologies Inc.
Target Names Rick Gomez as Chief Marketing Officer
He replacing Jeff Jones, who had left the retail chain to join Uber Technologies Inc.
Luxury
Incoming CEO Marco Gobbetti Joins Burberry
Incoming chief executive Marco Gobbetti will initially join the company on Jan. 27 as executive chairman, Asia Pacific and Middle East.
Incoming CEO Marco Gobbetti Joins Burberry
Incoming chief executive Marco Gobbetti will initially join the company on Jan. 27 as executive chairman, Asia Pacific and Middle East.
Luxury
Is Lanvin Entering a Downward Spiral?
Controlling shareholder, 75-year-old Chinese media magnate Shaw-Lan Wang who is based in Taiwan, has been reluctant to invest in the brand for many years.
Is Lanvin Entering a Downward Spiral?
Controlling shareholder, 75-year-old Chinese media magnate Shaw-Lan Wang who is based in Taiwan, has been reluctant to invest in the brand for many years.
Technology
Amazon to Create 100,000 New Jobs in US in Next 18 Months
The hiring could appease Trump, who has prioritised job creation and tangled with Amazon chief executive officer Jeff Bezos during the election campaign.
Amazon to Create 100,000 New Jobs in US in Next 18 Months
The hiring could appease Trump, who has prioritised job creation and tangled with Amazon chief executive officer Jeff Bezos during the election campaign.
Technology
Flipkart Names New CEO, Binny Bansal to Become Group CEO
Krishnamurthy, a former Tiger Global executive, joined Flipkart in June last year as head of its commerce unit.
Flipkart Names New CEO, Binny Bansal to Become Group CEO
Krishnamurthy, a former Tiger Global executive, joined Flipkart in June last year as head of its commerce unit.
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.