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
Amazon to Hire 120,000 Temporary Workers for Holiday Season
Meanwhile, rival US retailers have taken a cautious view of the holiday selling season this year.
Amazon to Hire 120,000 Temporary Workers for Holiday Season
Meanwhile, rival US retailers have taken a cautious view of the holiday selling season this year.
Retail
After Tough Holiday Season, Small Retailers Are Strategising
A slow holiday season can be particularly difficult for small and independent retailers who don't have the sales volume and financial resources to compete with the huge discounts offered by big national chains.
After Tough Holiday Season, Small Retailers Are Strategising
A slow holiday season can be particularly difficult for small and independent retailers who don't have the sales volume and financial resources to compete with the huge discounts offered by big national chains.
Financial Markets
Macy’s Plans to Slash Jobs After Sales Tumble More Than Forecast
Macy’s Inc. announced plans to fire or relocate about 3,000 workers after suffering a worse holiday period than it predicted.
Macy’s Plans to Slash Jobs After Sales Tumble More Than Forecast
Macy’s Inc. announced plans to fire or relocate about 3,000 workers after suffering a worse holiday period than it predicted.
Financial Markets
John Lewis Provides Holiday Cheer as Store’s Online Sales Soar
John Lewis captured British shoppers’ online buying habits over Christmas, fueling sales growth at the UK department-store chain.
John Lewis Provides Holiday Cheer as Store’s Online Sales Soar
John Lewis captured British shoppers’ online buying habits over Christmas, fueling sales growth at the UK department-store chain.
Retail
Online Surge Leads to Many Not-So-Happy Returns for Retailers
A surge in online sales this holiday season is boosting expenses for some retailers as more shoppers return merchandise purchased with the click of a mouse.
Online Surge Leads to Many Not-So-Happy Returns for Retailers
A surge in online sales this holiday season is boosting expenses for some retailers as more shoppers return merchandise purchased with the click of a mouse.
Technology
Amazon Is Capturing Bigger Slice of US Online Holiday Spending
Amazon.com Inc. is increasing its share of US online spending during the holiday season, even as Wal-Mart Stores Inc., Target Corp. and other rivals seek to attract consumers with promotional sales and free deliveries.
Amazon Is Capturing Bigger Slice of US Online Holiday Spending
Amazon.com Inc. is increasing its share of US online spending during the holiday season, even as Wal-Mart Stores Inc., Target Corp. and other rivals seek to attract consumers with promotional sales and free deliveries.
Retail
In Digital Age, Holiday Windows Still Drive Sales
Despite the rising importance of digital touchpoints, brands and retailers are still pouring money into elaborate holiday windows. Why?
In Digital Age, Holiday Windows Still Drive Sales
Despite the rising importance of digital touchpoints, brands and retailers are still pouring money into elaborate holiday windows. Why?
Technology
Apple Reshapes Holiday Shopping With Bigger Smartphones
Bigger screens, easier payment options combined with revamped retail websites and shopping applications customized for phones are changing consumer behavior.
Apple Reshapes Holiday Shopping With Bigger Smartphones
Bigger screens, easier payment options combined with revamped retail websites and shopping applications customized for phones are changing consumer behavior.
Retail
Online Sales Surge Ahead of Brick-and-Mortar Retailers’ Big Day
US e-commerce sales surged on Thanksgiving, raising questions about how many shoppers will show up for brick-and-mortar promotions on Black Friday, the traditional kickoff to the holiday season.
Online Sales Surge Ahead of Brick-and-Mortar Retailers’ Big Day
US e-commerce sales surged on Thanksgiving, raising questions about how many shoppers will show up for brick-and-mortar promotions on Black Friday, the traditional kickoff to the holiday season.
Technology
US Consumers Favour Amazon for Online Holiday Shopping
A majority of US consumers plan to go to Amazon.com for most of their online holiday shopping, even after traditional retailers have collectively spent billions of dollars to try to capture Web demand.
US Consumers Favour Amazon for Online Holiday Shopping
A majority of US consumers plan to go to Amazon.com for most of their online holiday shopping, even after traditional retailers have collectively spent billions of dollars to try to capture Web demand.
News & Analysis
Macy’s Joins Singles’ Day Debutantes in Chinese Buying Spree
China’s shoppers will have even more online bargains to choose from when Macy’s Inc. add to the foreign retailers bolstering Wednesday’s Singles’ Day offerings.
Macy’s Joins Singles’ Day Debutantes in Chinese Buying Spree
China’s shoppers will have even more online bargains to choose from when Macy’s Inc. add to the foreign retailers bolstering Wednesday’s Singles’ Day offerings.
Retail
H&M to Close on Thanksgiving in Sign of Mellowing Holiday Season
H&M’s US stores will close on Thanksgiving for the first time, underscoring a shift toward a less-frenzied holiday season for retailers.
H&M to Close on Thanksgiving in Sign of Mellowing Holiday Season
H&M’s US stores will close on Thanksgiving for the first time, underscoring a shift toward a less-frenzied holiday season for retailers.
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.