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
Retail
No Christmas Cheer for Fashion Firms in Never-Ending Sales
Most retailers have responded by expanding their traditional summer and new year sales to year-round promotions, even in the crucial Christmas period when they have previously counted on shifting stock at full price.
No Christmas Cheer for Fashion Firms in Never-Ending Sales
Most retailers have responded by expanding their traditional summer and new year sales to year-round promotions, even in the crucial Christmas period when they have previously counted on shifting stock at full price.
Retail
When France’s Workers Rise Up to Protest, Amazon Gets Busy
The country's Yellow Vests protests have driven customers away from stores to online, with an estimated €1 billion in sales sacrificed due to the violence.
When France’s Workers Rise Up to Protest, Amazon Gets Busy
The country's Yellow Vests protests have driven customers away from stores to online, with an estimated €1 billion in sales sacrificed due to the violence.
Retail
Retailers Are Preparing for a Happy Holidays
Analysts are predicting another big jump in holiday spending. Retailers are shaking up how they make the sale — online and in stores — to attract consumers who demand both low prices and a convenient shopping experience.
Retailers Are Preparing for a Happy Holidays
Analysts are predicting another big jump in holiday spending. Retailers are shaking up how they make the sale — online and in stores — to attract consumers who demand both low prices and a convenient shopping experience.
Fashion Week
Burberry and Beckham Rule London Fashion Week
This week, everyone will be talking about Riccardo Tisci's first show for Burberry at London Fashion Week, the 10th anniversary of Victoria Beckham's luxury brand and retailers' holiday hiring plans. Read our BoF Professional Cheat Sheet.
Burberry and Beckham Rule London Fashion Week
This week, everyone will be talking about Riccardo Tisci's first show for Burberry at London Fashion Week, the 10th anniversary of Victoria Beckham's luxury brand and retailers' holiday hiring plans. Read our BoF Professional Cheat Sheet.
Retail
Target to Hire 120,000 Workers to Meet Holiday Season Rush
The retailer said the busiest time of the year will require a 20 percent increase in hires over 2017.
Target to Hire 120,000 Workers to Meet Holiday Season Rush
The retailer said the busiest time of the year will require a 20 percent increase in hires over 2017.
China
How Luxury Brands Can Seize the Qixi Opportunity
As Chinese Valentine’s Day approaches, experts weigh in on how luxury brands can capitalise on one of the most important shopping festivals in China.
How Luxury Brands Can Seize the Qixi Opportunity
As Chinese Valentine’s Day approaches, experts weigh in on how luxury brands can capitalise on one of the most important shopping festivals in China.
China
Chinese Consumers Spent $146 Billion Over Spring Festival
As China ushered in the Year of the Dog with a flurry of spending, who were the biggest winners and losers? BoF investigates in this month's China Edit.
Chinese Consumers Spent $146 Billion Over Spring Festival
As China ushered in the Year of the Dog with a flurry of spending, who were the biggest winners and losers? BoF investigates in this month's China Edit.
News & Analysis
Best Christmas in a Decade Still Leaves Some Stores Behind
Holiday sales are expected grow about 5 percent, but preliminary results reveal a few major retailers will reap an oversized share of the gains.
Best Christmas in a Decade Still Leaves Some Stores Behind
Holiday sales are expected grow about 5 percent, but preliminary results reveal a few major retailers will reap an oversized share of the gains.
News & Analysis
Holiday Spending up 6 Percent So Far This Year
Payment technology company First Data says the buying was helped by cooler weather, higher consumer confidence and low employment.
Holiday Spending up 6 Percent So Far This Year
Payment technology company First Data says the buying was helped by cooler weather, higher consumer confidence and low employment.
News & Analysis
Holiday Season Boosts Macy's Stocks
Shares of Macy's jumped 3.4 percent, while rival Nordstrom added 1.1 percent, showing signs that consumers may spend more this holiday than in previous years.
Holiday Season Boosts Macy's Stocks
Shares of Macy's jumped 3.4 percent, while rival Nordstrom added 1.1 percent, showing signs that consumers may spend more this holiday than in previous years.
China
China Faces Waste Hangover After Singles' Day Buying Binge
Over 1.3 billion deals were transacted on Singles' Day, resulting in an estimated 160,000 tonnes of packing waste.
China Faces Waste Hangover After Singles' Day Buying Binge
Over 1.3 billion deals were transacted on Singles' Day, resulting in an estimated 160,000 tonnes of packing waste.
China
Alibaba Singles' Day Breaks Sales Record
The e-commerce giant's Singles' Day shopping bonanza generated a record 168.2 billion yuan ($25.3 billion) in sales.
Alibaba Singles' Day Breaks Sales Record
The e-commerce giant's Singles' Day shopping bonanza generated a record 168.2 billion yuan ($25.3 billion) in sales.
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.