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.
financial-results
Latest News & Analysis
Retail
Superdry's Revenue Falls as Virus Curbs Hit Footfall
The revenue drop came as the fashion retailer shut its shops for a second national lockdown in England.
Superdry's Revenue Falls as Virus Curbs Hit Footfall
The revenue drop came as the fashion retailer shut its shops for a second national lockdown in England.
Beauty
Estée Lauder Tops Estimates Thanks to China Demand and Online Boost
The M.A.C brand owner has seen growth in demand for its skincare products, while sales in the Asia-Pacific market increased 9 percent to $1.15 billion.
Estée Lauder Tops Estimates Thanks to China Demand and Online Boost
The M.A.C brand owner has seen growth in demand for its skincare products, while sales in the Asia-Pacific market increased 9 percent to $1.15 billion.
Retail
Boohoo Shoppers Undeterred by Scandal
The ultra-fast fashion company boosted its outlook as its core customer base appeared unfazed by reports of poor working conditions in its supply chain.
Boohoo Shoppers Undeterred by Scandal
The ultra-fast fashion company boosted its outlook as its core customer base appeared unfazed by reports of poor working conditions in its supply chain.
Luxury
All Eyes on Prada at Milan Fashion Week
This week, everyone will be talking about the first collection from co-designers Miuccia Prada and Raf Simons, Trump's TikTok ban and a new push to commit brands to improving conditions for garment workers. Get your BoF Professional Cheat Sheet.
All Eyes on Prada at Milan Fashion Week
This week, everyone will be talking about the first collection from co-designers Miuccia Prada and Raf Simons, Trump's TikTok ban and a new push to commit brands to improving conditions for garment workers. Get your BoF Professional Cheat Sheet.
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Retail
H&M Third Quarter Profit Beats Estimates
The fast fashion retailer, which will publish its full quarterly report on October 1, reported pretax earnings of around $229 million.
H&M Third Quarter Profit Beats Estimates
The fast fashion retailer, which will publish its full quarterly report on October 1, reported pretax earnings of around $229 million.
Retail
Will This Time Be Different for Neiman Marcus and J.C. Penney?
This week, everyone will be talking about fashion weeks in New York and London, the post-bankruptcy futures of Neiman Marcus and J.C. Penney, and sales updates from the owners of Zara and H&M. Get your BoF Professional Cheat Sheet.
Will This Time Be Different for Neiman Marcus and J.C. Penney?
This week, everyone will be talking about fashion weeks in New York and London, the post-bankruptcy futures of Neiman Marcus and J.C. Penney, and sales updates from the owners of Zara and H&M. Get your BoF Professional Cheat Sheet.
Retail
American Eagle Posts Smaller Than Expected Loss as Loungewear Demand Surges
The US-based retailer's total revenue fell 15 percent to $883.5 million in the three months ended August 1, beating expectations of $847.8 million.
American Eagle Posts Smaller Than Expected Loss as Loungewear Demand Surges
The US-based retailer's total revenue fell 15 percent to $883.5 million in the three months ended August 1, beating expectations of $847.8 million.
Retail
Primark Profit Could Top Forecast After Robust Post-Lockdown Trading
In July Associated British Foods forecast full year adjusted operating profit for Primark in a range of $396-$462 million.
Primark Profit Could Top Forecast After Robust Post-Lockdown Trading
In July Associated British Foods forecast full year adjusted operating profit for Primark in a range of $396-$462 million.
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Retail
PVH Posts Surprise Profit Amid Demand for Casual Clothing
The Calvin Klein and Tommy Hilfiger owner reported a total revenue of $1.58 billion for the second quarter ended August 2, beating analysts' estimates of $1.25 billion.
PVH Posts Surprise Profit Amid Demand for Casual Clothing
The Calvin Klein and Tommy Hilfiger owner reported a total revenue of $1.58 billion for the second quarter ended August 2, beating analysts' estimates of $1.25 billion.
Beauty
Coty Quarterly Sales Drop 56%
The cosmetic company's net revenue fell to $922.1 million, missing expectations of $1.34 billion.
Coty Quarterly Sales Drop 56%
The cosmetic company's net revenue fell to $922.1 million, missing expectations of $1.34 billion.
Luxury
Tiffany & Co. Reports Better Than Expected Quarterly Profit
The luxury jeweller said worldwide sales in August so far were slightly positive from a year earlier, as the rebound in second-quarter sales in China extended into the current quarter.
Tiffany & Co. Reports Better Than Expected Quarterly Profit
The luxury jeweller said worldwide sales in August so far were slightly positive from a year earlier, as the rebound in second-quarter sales in China extended into the current quarter.
Luxury
Capri Quarterly Results Top Analysts' Estimates
The Michael Kors owner saw its total revenue drop 66.5 percent to $451 million in the first quarter, beating analysts expectations.
Capri Quarterly Results Top Analysts' Estimates
The Michael Kors owner saw its total revenue drop 66.5 percent to $451 million in the first quarter, beating analysts expectations.
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.