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.
logistics
News & Analysis
Shopify Boosts Outlook on Strong Sales Performance
The Canadian e-commerce company reported second-quarter sales that beat analyst estimates and gave a more optimistic full-year outlook. Revenue grew 48 percent to $362 million.
Shopify Boosts Outlook on Strong Sales Performance
The Canadian e-commerce company reported second-quarter sales that beat analyst estimates and gave a more optimistic full-year outlook. Revenue grew 48 percent to $362 million.
News & Analysis
Shopify Nips at Amazon With Hassle-Free Shipping for Small Firms
When Shopify said last month that it was moving into the fulfilment business, shares spiked and analysts began talking about it as a potential competitor to Amazon.
Shopify Nips at Amazon With Hassle-Free Shipping for Small Firms
When Shopify said last month that it was moving into the fulfilment business, shares spiked and analysts began talking about it as a potential competitor to Amazon.
News & Analysis
Walmart to Invest $1.2B in China to Upgrade Logistics
The American retail giant has been pushing to integrate its network in China with the country's burgeoning 'smart retail' movement, as the likes of Alibaba and Tencent cut deals to combine online and high-street shopping.
Walmart to Invest $1.2B in China to Upgrade Logistics
The American retail giant has been pushing to integrate its network in China with the country's burgeoning 'smart retail' movement, as the likes of Alibaba and Tencent cut deals to combine online and high-street shopping.
News & Analysis
Zalando Will Expand Delivery from Stores to Prevent Missed Sales
The online retailer estimates it misses out on 20 to 30 million transactions per year because items shoppers are searching for are unavailable.
Zalando Will Expand Delivery from Stores to Prevent Missed Sales
The online retailer estimates it misses out on 20 to 30 million transactions per year because items shoppers are searching for are unavailable.
News & Analysis
Zalando's Personal Shoppers Help Support Uptick in Customer Order Value
Average order sizes at Europe's biggest online-only fashion retailer have fallen in recent years as people shop more often on their smartphones but spend less each time, pushing up Zalando's logistics costs.
Zalando's Personal Shoppers Help Support Uptick in Customer Order Value
Average order sizes at Europe's biggest online-only fashion retailer have fallen in recent years as people shop more often on their smartphones but spend less each time, pushing up Zalando's logistics costs.
Retail
H&M Limits Free Deliveries for Low-Spending Loyalty Club Members
After seeing profits fall and inventory pile up, the world's second-biggest clothing retailer is investing heavily in adapting to changing consumer habits.
H&M Limits Free Deliveries for Low-Spending Loyalty Club Members
After seeing profits fall and inventory pile up, the world's second-biggest clothing retailer is investing heavily in adapting to changing consumer habits.
Luxury
Fashion Prepares for Brexit Disaster
Thursday's debate left Britain in Brexit gridlock. While no deal may yet be averted, fashion giants from Kering to Burberry have started planning for worst-case scenarios.
Fashion Prepares for Brexit Disaster
Thursday's debate left Britain in Brexit gridlock. While no deal may yet be averted, fashion giants from Kering to Burberry have started planning for worst-case scenarios.
Retail
Fashion Can’t Ignore Rent the Runway
The apparel-rent service has become a significant driver of sales for some of the world’s most popular fashion labels. Now, a new revenue-sharing model has large-scale players, including Levi’s and J.Crew, jumping on board.
Fashion Can’t Ignore Rent the Runway
The apparel-rent service has become a significant driver of sales for some of the world’s most popular fashion labels. Now, a new revenue-sharing model has large-scale players, including Levi’s and J.Crew, jumping on board.
Entrepreneurship
Drive Episode 2: Diane von Furstenberg on Building a Business in a Man’s World
In episode two of BoF’s new podcast series Drive, delivered by DHL, the entrepreneur shares the highs and the lows of her 45-year career, and how she used factory scraps to create the first iconic wrap dress while pregnant.
Drive Episode 2: Diane von Furstenberg on Building a Business in a Man’s World
In episode two of BoF’s new podcast series Drive, delivered by DHL, the entrepreneur shares the highs and the lows of her 45-year career, and how she used factory scraps to create the first iconic wrap dress while pregnant.
China
China's on the Fast Track to Drone Deliveries
JD.com is building networks of large and small UAVs, to deliver goods on a large scale and solve the expensive 'last-mile' problem for couriers.
China's on the Fast Track to Drone Deliveries
JD.com is building networks of large and small UAVs, to deliver goods on a large scale and solve the expensive 'last-mile' problem for couriers.
News & Analysis
Alibaba Strikes Partnership Deal With France's Bollore Group
The global partnership will cover cloud computing services, clean energy, logistics and other areas such as new digital technologies and innovation.
Alibaba Strikes Partnership Deal With France's Bollore Group
The global partnership will cover cloud computing services, clean energy, logistics and other areas such as new digital technologies and innovation.
News & Analysis
Get Ready for the Amazon vs. UPS Storyline to Intensify
"Amazon claims it doesn’t want to take on UPS and FedEx. So why is it introducing tons of its own Amazon delivery vans?"
Get Ready for the Amazon vs. UPS Storyline to Intensify
"Amazon claims it doesn’t want to take on UPS and FedEx. So why is it introducing tons of its own Amazon delivery vans?"
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.