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
Technology
XPO Logistics Increases Hires for Expected Holiday Shipping Rush
The third-largest publicly traded U.S. logistics company will hire 20 percent more seasonal workers for the upcoming holiday period than it did last year.
XPO Logistics Increases Hires for Expected Holiday Shipping Rush
The third-largest publicly traded U.S. logistics company will hire 20 percent more seasonal workers for the upcoming holiday period than it did last year.
News & Analysis
Amazon's New Experimental Delivery Service Has Big Implications
In the future, Amazon could expand the services to any merchant selling anything to anyone, pushing it deeper into the territory of UPS and FedEx.
Amazon's New Experimental Delivery Service Has Big Implications
In the future, Amazon could expand the services to any merchant selling anything to anyone, pushing it deeper into the territory of UPS and FedEx.
News & Analysis
Wal-Mart's Amazon War Takes to Skies With Floating Warehouses
Wal-Mart has applied for a patent for a blimp-style floating warehouse that could make deliveries via drones, which would bring products from the aircraft down to shoppers’ homes.
Wal-Mart's Amazon War Takes to Skies With Floating Warehouses
Wal-Mart has applied for a patent for a blimp-style floating warehouse that could make deliveries via drones, which would bring products from the aircraft down to shoppers’ homes.
News & Analysis
In Global E-Commerce, the Race to Solve the 'Last Mile'
As e-commerce continues to grow in important emerging markets, how will fashion retailers crack the most difficult logistics conundrum of all?
In Global E-Commerce, the Race to Solve the 'Last Mile'
As e-commerce continues to grow in important emerging markets, how will fashion retailers crack the most difficult logistics conundrum of all?
News & Analysis
Report: Two Groups in Race to Buy $10 Billion-Valued Global Logistic Properties
The acquisition offers a chance for bidders to grab control of Asia's biggest warehouse operator which counts Amazon among its clients, and could rank as one of the biggest private equity backed deals in Asia.
Report: Two Groups in Race to Buy $10 Billion-Valued Global Logistic Properties
The acquisition offers a chance for bidders to grab control of Asia's biggest warehouse operator which counts Amazon among its clients, and could rank as one of the biggest private equity backed deals in Asia.
China
JD.com to Develop Larger Delivery Drones
The company revealed it plans to develop drone aircraft capable of carrying a ton or more for long-distance deliveries.
JD.com to Develop Larger Delivery Drones
The company revealed it plans to develop drone aircraft capable of carrying a ton or more for long-distance deliveries.
News & Analysis
Asos Warehouse Fire Destroys Stock Worth $8 Million
The incident is not the first time the online retailer has been hit by fire accidents. Its main distribution centre in the UK at Barnsley caught fire in 2014, causing £30 million worth of damage.
Asos Warehouse Fire Destroys Stock Worth $8 Million
The incident is not the first time the online retailer has been hit by fire accidents. Its main distribution centre in the UK at Barnsley caught fire in 2014, causing £30 million worth of damage.
Retail
Amazon Goes North, Forcing Canada's Retailers Out of Hibernation
As Amazon steadily ramps up its own operations in Canada, local rivals are scrambling to avoid the same sort of fate that doomed many of their counterparts south of the border.
Amazon Goes North, Forcing Canada's Retailers Out of Hibernation
As Amazon steadily ramps up its own operations in Canada, local rivals are scrambling to avoid the same sort of fate that doomed many of their counterparts south of the border.
Retail
Amazon Lowers Delivery Charges as Wal-Mart Battle Heats Up
Amazon lowered its free shipping threshold, undercutting Wal-Mart Stores Inc. by $10 and escalating a battle between the world’s e-commerce leader and the world’s biggest retailer.
Amazon Lowers Delivery Charges as Wal-Mart Battle Heats Up
Amazon lowered its free shipping threshold, undercutting Wal-Mart Stores Inc. by $10 and escalating a battle between the world’s e-commerce leader and the world’s biggest retailer.
Retail
JD.com Posts Surprise Profit as Chinese Spending Strengthens
China’s second-largest e-commerce company has benefited from the rise of online shopping in a country with patchy physical retail infrastructure, and is now investing in technology to ensure longer-term growth.
JD.com Posts Surprise Profit as Chinese Spending Strengthens
China’s second-largest e-commerce company has benefited from the rise of online shopping in a country with patchy physical retail infrastructure, and is now investing in technology to ensure longer-term growth.
Beauty
Burberry Retreats on Beauty Strategy, Signs Deal with Coty
The move is a major reversal in strategy after Burberry took its beauty business in-house four years ago.
Burberry Retreats on Beauty Strategy, Signs Deal with Coty
The move is a major reversal in strategy after Burberry took its beauty business in-house four years ago.
Retail
H&M Invests in Supply Chain as Fashion Rivalry Intensifies
After years of hectic expansion across the world, H&M's profitability has faltered as Inditex and online specialist ASOS gain an edge in fast fashion.
H&M Invests in Supply Chain as Fashion Rivalry Intensifies
After years of hectic expansion across the world, H&M's profitability has faltered as Inditex and online specialist ASOS gain an edge in fast fashion.
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.