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.
holidays
Latest News & Analysis
Retail
This Is How Black Friday Works in a Pandemic
From earlier sales to in-store fulfilment, retailers must find creative solutions to succeed during an unprecedented holiday season.
This Is How Black Friday Works in a Pandemic
From earlier sales to in-store fulfilment, retailers must find creative solutions to succeed during an unprecedented holiday season.
Retail
How to Prepare for the Toughest Holiday Season Ever
The fashion industry is confronting a fourth quarter that will be like no other as the ongoing pandemic keeps shoppers at home and the economy in flux. What can retailers do?
How to Prepare for the Toughest Holiday Season Ever
The fashion industry is confronting a fourth quarter that will be like no other as the ongoing pandemic keeps shoppers at home and the economy in flux. What can retailers do?
Retail
Online Sales Give Short U.S. Holiday Shopping Season a Boost
According to data from Mastercard, the apparel category registered stronger-than-expected e-commerce growth with online sales rising 17 percent.
Online Sales Give Short U.S. Holiday Shopping Season a Boost
According to data from Mastercard, the apparel category registered stronger-than-expected e-commerce growth with online sales rising 17 percent.
Retail
Super Saturday Generated a Record $34.4 Billion, Analyst Says
The Saturday before Christmas topped Black Friday's numbers, resulting in the best weekend of the season for many struggling retailers.
Super Saturday Generated a Record $34.4 Billion, Analyst Says
The Saturday before Christmas topped Black Friday's numbers, resulting in the best weekend of the season for many struggling retailers.
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News & Analysis
Black Friday Shoppers Spend Record $7.4 Billion
"Abode still predicts an even larger Cyber Monday, estimating sales of $9.4 billion."
Black Friday Shoppers Spend Record $7.4 Billion
"Abode still predicts an even larger Cyber Monday, estimating sales of $9.4 billion."
Beauty
Inside the Beauty Advent Calendar Craze
Christmas has come early for brands and retailers that use the festive tradition to boost brand awareness and drive customer acquisition ahead of the Holiday season.
Inside the Beauty Advent Calendar Craze
Christmas has come early for brands and retailers that use the festive tradition to boost brand awareness and drive customer acquisition ahead of the Holiday season.
Retail
The Holiday Shopping Season Starts Now. Are Retailers Ready?
This week, everyone will be talking about Black Friday and Cyber Monday, PVH Corp.'s financial results and hunt for another brand to buy, and a new exhibition of vintage fashion at The Metropolitan Museum of Art. Get your BoF Professional Cheat Sheet here.
The Holiday Shopping Season Starts Now. Are Retailers Ready?
This week, everyone will be talking about Black Friday and Cyber Monday, PVH Corp.'s financial results and hunt for another brand to buy, and a new exhibition of vintage fashion at The Metropolitan Museum of Art. Get your BoF Professional Cheat Sheet here.
China
Chinese New Year Gives the Pig a Luxury Makeover
The Spring Festival celebration gives luxury brands including Gucci and Longchamp a chance to deliver capsule collections and potentially bump revenues after the holiday period.
Chinese New Year Gives the Pig a Luxury Makeover
The Spring Festival celebration gives luxury brands including Gucci and Longchamp a chance to deliver capsule collections and potentially bump revenues after the holiday period.
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Retail
Christmas Report Heralds More Pain for UK Retailers
As more shoppers head online — and away from physical sites often locked in expensive leases — there’s little escape from the traditional British industry’s decline.
Christmas Report Heralds More Pain for UK Retailers
As more shoppers head online — and away from physical sites often locked in expensive leases — there’s little escape from the traditional British industry’s decline.
Retail
British Shoppers Splurge Over Christmas as Brexit Chatter Wanes
As the political debate subsided, consumers appeared confident enough to spend more generously.
British Shoppers Splurge Over Christmas as Brexit Chatter Wanes
As the political debate subsided, consumers appeared confident enough to spend more generously.
Retail
Retail Stocks Jump Most in 8 Years on Signs of Strong Spending
The S&P 500 Retailing Index climbed 5.6 percent the day after Christmas, seeing its biggest one-day gain since the spring of 2010.
Retail Stocks Jump Most in 8 Years on Signs of Strong Spending
The S&P 500 Retailing Index climbed 5.6 percent the day after Christmas, seeing its biggest one-day gain since the spring of 2010.
News & Analysis
Big Discounts Fail to Draw UK Shoppers to Post-Christmas Sales
The number of British shoppers hitting the post-Christmas sales dipped by 4.2 percent year-on-year.
Big Discounts Fail to Draw UK Shoppers to Post-Christmas Sales
The number of British shoppers hitting the post-Christmas sales dipped by 4.2 percent year-on-year.
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.