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
News & Analysis
Nordstrom Reports Better Than Expected Results
The company has been investing heavily in its online business and loyalty programs to beat back competition from other upscale department stores and e-commerce rivals.
Nordstrom Reports Better Than Expected Results
The company has been investing heavily in its online business and loyalty programs to beat back competition from other upscale department stores and e-commerce rivals.
News & Analysis
Retailers Look to Put a Bad Week Behind Them
This week, everyone will be talking about financial results from Gap Inc., Nordstrom and other major retailers, the latest twists at L Brands and the booming clothing rental market. Read our BoF Professional Cheat Sheet
Retailers Look to Put a Bad Week Behind Them
This week, everyone will be talking about financial results from Gap Inc., Nordstrom and other major retailers, the latest twists at L Brands and the booming clothing rental market. Read our BoF Professional Cheat Sheet
News & Analysis
Tapestry Shares Tumble as Kate Spade Sales Weaken
Same-stores sales at Kate Spade have declined for at least eight quarters, prompting the company cut back on new store openings for the brand.
Tapestry Shares Tumble as Kate Spade Sales Weaken
Same-stores sales at Kate Spade have declined for at least eight quarters, prompting the company cut back on new store openings for the brand.
News & Analysis
Canada Goose Misses Margins on Higher Sales of Less Profitable Clothes
As the luxury apparel maker sold more of its light-weight spring season clothes, which are not as profitable as its $1,000 parkas, quarterly gross margins missed estimates.
Canada Goose Misses Margins on Higher Sales of Less Profitable Clothes
As the luxury apparel maker sold more of its light-weight spring season clothes, which are not as profitable as its $1,000 parkas, quarterly gross margins missed estimates.
Financial Markets
Prada's Turnaround Is Under Pressure
Prada is on a mission to regain its footing in the high-stakes world of luxury fashion. Its latest set of results show that won’t be easy.
Prada's Turnaround Is Under Pressure
Prada is on a mission to regain its footing in the high-stakes world of luxury fashion. Its latest set of results show that won’t be easy.
Beauty
Avon Revenue Falls Short as Sales Representatives Drop Out
The 133 year-old company has been trying to reboot its direct-selling business model operations, but missed estimates for quarterly revenue due to fewer representatives to sell its products in key markets.
Avon Revenue Falls Short as Sales Representatives Drop Out
The 133 year-old company has been trying to reboot its direct-selling business model operations, but missed estimates for quarterly revenue due to fewer representatives to sell its products in key markets.
News & Analysis
L'Oréal's North American Sales Falter
The company posted weaker than expected second-quarter sales growth, with like-for-like revenue falling in North America as demand for make-up slows.
L'Oréal's North American Sales Falter
The company posted weaker than expected second-quarter sales growth, with like-for-like revenue falling in North America as demand for make-up slows.
News & Analysis
Sports Direct Reports Drop in Profit
The company said its financial chief will step down as the retailer reported a drop in annual profit after a daylong wait for its results.
Sports Direct Reports Drop in Profit
The company said its financial chief will step down as the retailer reported a drop in annual profit after a daylong wait for its results.
News & Analysis
Moncler and LVMH Set the Bar High for Luxury Competitors
Two of luxury's biggest players showed that their new business and creative strategies are working.
Moncler and LVMH Set the Bar High for Luxury Competitors
Two of luxury's biggest players showed that their new business and creative strategies are working.
News & Analysis
Will Luxury's Winning Streak Continue?
This week, everyone will be talking about quarterly results from LVMH, Kering and Moncler, Instagram's experiment with hiding 'likes,' and how the UK's new leader will change the Brexit outlook. Read our BoF Professional Cheat Sheet.
Will Luxury's Winning Streak Continue?
This week, everyone will be talking about quarterly results from LVMH, Kering and Moncler, Instagram's experiment with hiding 'likes,' and how the UK's new leader will change the Brexit outlook. Read our BoF Professional Cheat Sheet.
Retail
Uniqlo Owner's Profit Falls Short Despite Gains in China
Fast Retailing Co.’s weak performance in Japan overshadowed a strong showing in its overseas markets, particularly China.
Uniqlo Owner's Profit Falls Short Despite Gains in China
Fast Retailing Co.’s weak performance in Japan overshadowed a strong showing in its overseas markets, particularly China.
Financial Markets
Levi Strauss Falls, Profit Declines as Company Spends to Grow
Earnings slipped 21 percent from the prior year, affected by $29 million of expenses associated with Levi's IPO.
Levi Strauss Falls, Profit Declines as Company Spends to Grow
Earnings slipped 21 percent from the prior year, affected by $29 million of expenses associated with Levi's IPO.
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.