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.
fast-fashion
News & Analysis
Why Cos Decided to Show at Pitti
The H&M-owned minimalist label joins Craig Green and Roberto Cavalli and becomes the first ever fast-fashion guest designer to present its collection at the Italian trade show.
Why Cos Decided to Show at Pitti
The H&M-owned minimalist label joins Craig Green and Roberto Cavalli and becomes the first ever fast-fashion guest designer to present its collection at the Italian trade show.
News & Analysis
ASOS Sales Grow 27 Percent
The online fashion retailer said it would step up its investment in logistics and distribution, laying the foundation for £4 billion of net sales.
ASOS Sales Grow 27 Percent
The online fashion retailer said it would step up its investment in logistics and distribution, laying the foundation for £4 billion of net sales.
Retail
Korea’s Lightning Fast Fashion
Seoul’s awe-inspiring Dongdaemun garment district makes it hard for the likes of H&M to compete in one of Asia’s most influential fashion markets. BoF investigates the hyper-local, hyper-connected competition.
Korea’s Lightning Fast Fashion
Seoul’s awe-inspiring Dongdaemun garment district makes it hard for the likes of H&M to compete in one of Asia’s most influential fashion markets. BoF investigates the hyper-local, hyper-connected competition.
China
H&M Launches on Alibaba's Tmall in China
It is the first time H&M has sold its main budget apparel brand through a third party, but it's playing catch-up with some of its major rivals.
H&M Launches on Alibaba's Tmall in China
It is the first time H&M has sold its main budget apparel brand through a third party, but it's playing catch-up with some of its major rivals.
News & Analysis
The Need for Speed: How US Retailers Can Keep Up
Big American retail chains are struggling to match the fast-fashion prowess of Zara and H&M but the evolution of Kohl's shows traditional chains can adapt.
The Need for Speed: How US Retailers Can Keep Up
Big American retail chains are struggling to match the fast-fashion prowess of Zara and H&M but the evolution of Kohl's shows traditional chains can adapt.
Financial Markets
H&M Sales Miss Expectations Again
The Swedish retailer reported lower fiscal first-quarter sales, after warning last month that markdowns prompted by high inventories would hit earnings.
H&M Sales Miss Expectations Again
The Swedish retailer reported lower fiscal first-quarter sales, after warning last month that markdowns prompted by high inventories would hit earnings.
News & Analysis
Social Goods | China's Outsourcing Experiment in Ethiopia, Selling Politics Like a Lifestyle Brand
This week, China is turning Ethiopia into a fast-fashion factory, while Millennial activists and politicians are embracing minimalist design in their merch.
Social Goods | China's Outsourcing Experiment in Ethiopia, Selling Politics Like a Lifestyle Brand
This week, China is turning Ethiopia into a fast-fashion factory, while Millennial activists and politicians are embracing minimalist design in their merch.
News & Analysis
New Look Proposes to Shut 60 Stores, With 980 Jobs at Risk
After performing poorly and finding it difficult to repay its debt, the British fashion retail chain sought approval from creditors to cut staff and close stores.
New Look Proposes to Shut 60 Stores, With 980 Jobs at Risk
After performing poorly and finding it difficult to repay its debt, the British fashion retail chain sought approval from creditors to cut staff and close stores.
News & Analysis
Wear Now, Pay Later: Credit Shopping Goes Digital
Fashion retailers are partnering with a new wave of fintech startups to provide interest-free payment solutions to young consumers scarred by credit cards and The Great Recession.
Wear Now, Pay Later: Credit Shopping Goes Digital
Fashion retailers are partnering with a new wave of fintech startups to provide interest-free payment solutions to young consumers scarred by credit cards and The Great Recession.
News & Analysis
H&M's Stock Selloff Has Totally Redrawn Sweden's Corporate Map
After a selloff that started last year, the fashion retailer has slipped from number one to number seven.
H&M's Stock Selloff Has Totally Redrawn Sweden's Corporate Map
After a selloff that started last year, the fashion retailer has slipped from number one to number seven.
Retail
H&M Investors Are Worried Management Is Overlooking the Obvious
With the value of their H&M shares down about 45 percent since the end of 2016, investors are wondering whether the retailer is aware its clothes seem to be going out of fashion.
H&M Investors Are Worried Management Is Overlooking the Obvious
With the value of their H&M shares down about 45 percent since the end of 2016, investors are wondering whether the retailer is aware its clothes seem to be going out of fashion.
News & Analysis
Boohoo Investors Say Market Concerns Are Overblown
After Boohoo nudged down its core profit margin forecast, shares slumped 16 percent on the same day.
Boohoo Investors Say Market Concerns Are Overblown
After Boohoo nudged down its core profit margin forecast, shares slumped 16 percent on the same day.
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.