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.
millennials
Marketing
Condé Nast Eyes Digital Viewers with Virtual Reality, Scripted Shows
Condé Nast Entertainment will unveil two original virtual reality series for the upcoming year at its Tuesday presentation before advertisers at the Newfronts, an annual digital content showcase in New York.
Condé Nast Eyes Digital Viewers with Virtual Reality, Scripted Shows
Condé Nast Entertainment will unveil two original virtual reality series for the upcoming year at its Tuesday presentation before advertisers at the Newfronts, an annual digital content showcase in New York.
Retail
Retailers Urged to Ditch Millennials in Favour of Older Shoppers
Retailers should stop wasting so much time trying to win over millennials because they’re often broke. Instead, they should target older shoppers with more money to spend.
Retailers Urged to Ditch Millennials in Favour of Older Shoppers
Retailers should stop wasting so much time trying to win over millennials because they’re often broke. Instead, they should target older shoppers with more money to spend.
Financial Markets
Aeropostale Raises Outlook as Shares Jump
Shares of teen retailer Aeropostale jumped in aftermarket trading Monday after the company reported stronger-than-expected sales in the fourth quarter.
Aeropostale Raises Outlook as Shares Jump
Shares of teen retailer Aeropostale jumped in aftermarket trading Monday after the company reported stronger-than-expected sales in the fourth quarter.
China
The China Edit | Alibaba, Konzepp, Apple, Millennials
The China Edit is a weekly curation of the most important fashion business news and analysis from and about the world’s largest luxury market.
The China Edit | Alibaba, Konzepp, Apple, Millennials
The China Edit is a weekly curation of the most important fashion business news and analysis from and about the world’s largest luxury market.
Financial Markets
American Eagle, Aeropostale Lift Estimates for Holiday Quarter
Teen apparel retailers American Eagle Outfitters Inc. and Aeropostale Inc. raised their estimates for the holiday shopping quarter as margins improved due to fewer discounts.
American Eagle, Aeropostale Lift Estimates for Holiday Quarter
Teen apparel retailers American Eagle Outfitters Inc. and Aeropostale Inc. raised their estimates for the holiday shopping quarter as margins improved due to fewer discounts.
Global Markets
Teen Retailers in Trouble as Malls Lose Luster
The decline of the American mall is threatening to create more retail victims in 2015 as stores that count on enclosed shopping centres for foot traffic find they’re increasingly isolated from consumers.
Teen Retailers in Trouble as Malls Lose Luster
The decline of the American mall is threatening to create more retail victims in 2015 as stores that count on enclosed shopping centres for foot traffic find they’re increasingly isolated from consumers.
Retail
Abercrombie’s Next CEO Will Have to Revamp Outdated Brand, Again
NEW ALBANY, United States — Abercrombie & Fitch Co., a former purveyor of safari gear that was reborn as a teen clothing chain, is searching for its
Abercrombie’s Next CEO Will Have to Revamp Outdated Brand, Again
NEW ALBANY, United States — Abercrombie & Fitch Co., a former purveyor of safari gear that was reborn as a teen clothing chain, is searching for its
Retail
Apparel Retailer Delia's to File for Bankruptcy
Delia's Inc. said it was liquidating assets and would file for Chapter 11 bankruptcy protection "in the very near term," becoming the second teen retailer to go out of business in as many days.
Apparel Retailer Delia's to File for Bankruptcy
Delia's Inc. said it was liquidating assets and would file for Chapter 11 bankruptcy protection "in the very near term," becoming the second teen retailer to go out of business in as many days.
Retail
Can Teen Retailers Turn Things Around?
It’s no secret that the big three American specialty teen retailers — Abercrombie & Fitch, Aéropostale and American Eagle — are in deep trouble. What can they do to save themselves?
Can Teen Retailers Turn Things Around?
It’s no secret that the big three American specialty teen retailers — Abercrombie & Fitch, Aéropostale and American Eagle — are in deep trouble. What can they do to save themselves?
China
The China Edit | Luxury Slowdown, Alipay's EPass, Versace, Hermès
" The Asian Luxury Market Is Stumbling" (AFP) "Protests in Hong Kong, an economic slowdown and anti-corruption drive in China and a coup in Thailand:
The China Edit | Luxury Slowdown, Alipay's EPass, Versace, Hermès
" The Asian Luxury Market Is Stumbling" (AFP) "Protests in Hong Kong, an economic slowdown and anti-corruption drive in China and a coup in Thailand:
Retail
Retailers Shift Strategy to Court Millennials
Recent surveys have found that members of the U.S. Millennial Generation — the roughly 80 million Americans born between 1977 and 2000 — pride themselves on their individuality, and shop accordingly.
Retailers Shift Strategy to Court Millennials
Recent surveys have found that members of the U.S. Millennial Generation — the roughly 80 million Americans born between 1977 and 2000 — pride themselves on their individuality, and shop accordingly.
News & Analysis
Millennials Shunning Malls Speed Web Shopping Revolution
NEW YORK, United States — CJ Chu is a retailer's nightmare. The 24-year-old associate for a private-equity firm does "99 percent" of his shopping
Millennials Shunning Malls Speed Web Shopping Revolution
NEW YORK, United States — CJ Chu is a retailer's nightmare. The 24-year-old associate for a private-equity firm does "99 percent" of his shopping
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.