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.
outlets
Latest News & Analysis
China
Luxury Brands Found a Solution for Their Inventory Glut. But Will It Backfire?
Outlets and off-price retailers in China are seeing business boom as luxury brands pump excess inventory into the country at bargain basement prices. But the pandemic clearance strategy is a double-edged sword.
Luxury Brands Found a Solution for Their Inventory Glut. But Will It Backfire?
Outlets and off-price retailers in China are seeing business boom as luxury brands pump excess inventory into the country at bargain basement prices. But the pandemic clearance strategy is a double-edged sword.
Retail
What to Do With All That Excess Inventory
Brands and retailers are sitting on mountains of spring and summer collections that they need to clear in what will likely be the biggest markdown season ever.
What to Do With All That Excess Inventory
Brands and retailers are sitting on mountains of spring and summer collections that they need to clear in what will likely be the biggest markdown season ever.
Retail
The New Normal: A Discount Mindset Will Deepen Its Grip on Consumers
As a decade-long build-up of bargain shopping culture is exacerbated by a rise in anti-consumerism, a glut in inventory and cash-strapped consumers looking to trade down or turn to off-price channels, brands must find inventive ways to reestablish value, says The Business of Fashion and McKinsey’s Coronavirus Update to The State of Fashion 2020.
The New Normal: A Discount Mindset Will Deepen Its Grip on Consumers
As a decade-long build-up of bargain shopping culture is exacerbated by a rise in anti-consumerism, a glut in inventory and cash-strapped consumers looking to trade down or turn to off-price channels, brands must find inventive ways to reestablish value, says The Business of Fashion and McKinsey’s Coronavirus Update to The State of Fashion 2020.
Luxury
Luxury Brands Burn Unsold Goods. What Should They Do Instead?
The luxury industry’s habit of destroying end-of-season leftovers is under threat, thanks to a consumer backlash and increasing government regulations. BoF uncovers the best solutions.
Luxury Brands Burn Unsold Goods. What Should They Do Instead?
The luxury industry’s habit of destroying end-of-season leftovers is under threat, thanks to a consumer backlash and increasing government regulations. BoF uncovers the best solutions.
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Retail
What's the Point of Outlet Malls in 2020?
Destination discount shopping must evolve with the changing retail landscape in order to survive.
What's the Point of Outlet Malls in 2020?
Destination discount shopping must evolve with the changing retail landscape in order to survive.
China
The China Edit | Hong Kong's Homegrown Talent, Rise of Domestic Shopper
This week, China looks to its homegrown talent in Hong Kong to drive the future growth of its fashion industry, and the owners of outlet park Bicester Village take a bet on growing demand from domestic Chinese consumers by opening a second outlet park.
The China Edit | Hong Kong's Homegrown Talent, Rise of Domestic Shopper
This week, China looks to its homegrown talent in Hong Kong to drive the future growth of its fashion industry, and the owners of outlet park Bicester Village take a bet on growing demand from domestic Chinese consumers by opening a second outlet park.
News & Analysis
Outlet Shopping Comes to Town
A new breed of urban outlets is creeping closer to city centres in pursuit of younger consumers and tourists.
Outlet Shopping Comes to Town
A new breed of urban outlets is creeping closer to city centres in pursuit of younger consumers and tourists.
Global Markets
The Luxury Brand Balancing Act
Fashion’s luxury megabrands have long struck a delicate — and highly lucrative — balance between exclusivity and accessibility. But as digital media, globalisation and off-price retailing reshape the industry, are they in danger of losing the balance that made them so successful?
The Luxury Brand Balancing Act
Fashion’s luxury megabrands have long struck a delicate — and highly lucrative — balance between exclusivity and accessibility. But as digital media, globalisation and off-price retailing reshape the industry, are they in danger of losing the balance that made them so successful?
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Retail
Wal-Mart to Shut Hundreds of Stores, Including Express Locations
Wal-Mart Stores Inc. plans to close 269 stores, aiming to refocus on better-performing locations and its e-commerce site.
Wal-Mart to Shut Hundreds of Stores, Including Express Locations
Wal-Mart Stores Inc. plans to close 269 stores, aiming to refocus on better-performing locations and its e-commerce site.
Retail
Spain's Mango to Shut 450 US Sales Outlets
Mango will close 450 sales outlets in the United States early next year after ending a five-year deal to display its clothing lines at department store J.C. Penney, a spokesman said.
Spain's Mango to Shut 450 US Sales Outlets
Mango will close 450 sales outlets in the United States early next year after ending a five-year deal to display its clothing lines at department store J.C. Penney, a spokesman said.
Financial Markets
Nordstrom Outlet Stores Help Fuel Growth
Nordstrom Inc. posted first-quarter sales that exceeded analysts’ estimates after its Rack discount outlets and e-commerce orders helped boost results.
Nordstrom Outlet Stores Help Fuel Growth
Nordstrom Inc. posted first-quarter sales that exceeded analysts’ estimates after its Rack discount outlets and e-commerce orders helped boost results.
Global Markets
Why Pay Full Price as Outlets Move Closer to Where You Live?
After years of outperforming regular malls, outlets are increasingly encroaching on downtown shopping districts.
Why Pay Full Price as Outlets Move Closer to Where You Live?
After years of outperforming regular malls, outlets are increasingly encroaching on downtown shopping districts.
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.