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.
real-estate
Retail
UK Retail Property Values May Be Slashed, Report Says
Values of UK shopping centers and high street stores could be reduced significantly after property agents were told to reflect the seismic changes sweeping the retail industry, according to the Sunday Times.
UK Retail Property Values May Be Slashed, Report Says
Values of UK shopping centers and high street stores could be reduced significantly after property agents were told to reflect the seismic changes sweeping the retail industry, according to the Sunday Times.
Retail
If We Built the Retail Model From Scratch, What Would It Be?
With the rise of the experience economy, retail spaces are undergoing a radical rethink of their business models — as well as their very purpose.
If We Built the Retail Model From Scratch, What Would It Be?
With the rise of the experience economy, retail spaces are undergoing a radical rethink of their business models — as well as their very purpose.
News & Analysis
The Start-Ups Behind New York's Retail Reawakening
Start-ups and pop-ups are filling storefronts abandoned by struggling chains, taking advantage of plunging rents and landlords desperate to fill long-vacant spaces.
The Start-Ups Behind New York's Retail Reawakening
Start-ups and pop-ups are filling storefronts abandoned by struggling chains, taking advantage of plunging rents and landlords desperate to fill long-vacant spaces.
News & Analysis
Build Condos Above Stores, Shareholder Tells Hudson's Bay
Condo prices are rising in many Canadian cities even as the overall market shows signs of cooling off.
Build Condos Above Stores, Shareholder Tells Hudson's Bay
Condo prices are rising in many Canadian cities even as the overall market shows signs of cooling off.
Retail
Buyer Pool Evaporates for America's Fading Malls
Only about $3 billion of retail real estate changed hands in April, a 27 percent drop from a year earlier and the lowest monthly tally since February 2013.
Buyer Pool Evaporates for America's Fading Malls
Only about $3 billion of retail real estate changed hands in April, a 27 percent drop from a year earlier and the lowest monthly tally since February 2013.
News & Analysis
Hudson's Bay Company Said to Sell Flagship Vancouver Store
The deal progresses HBC's efforts to extract value from its substantial real estate holdings as it battles a retail industry-wide slump
Hudson's Bay Company Said to Sell Flagship Vancouver Store
The deal progresses HBC's efforts to extract value from its substantial real estate holdings as it battles a retail industry-wide slump
News & Analysis
Hudson's Bay Exploring Sale of Downtown Vancouver Store
The news follows HBC's agreement last week to sell its Lord & Taylor flagship building for $850 million, as the department-store operator steps up efforts to extract value from its real estate holdings amid struggling sales.
Hudson's Bay Exploring Sale of Downtown Vancouver Store
The news follows HBC's agreement last week to sell its Lord & Taylor flagship building for $850 million, as the department-store operator steps up efforts to extract value from its real estate holdings amid struggling sales.
Retail
Hudson Bay Company’s Richard Baker Speaks on Latest Strategic Move
The Canadian retail-real estate group’s mastermind explains why selling the historic Lord & Taylor building to WeWork Property Advisors, combined with an equity investment, will free up the company to continue executing its ‘transformation plan.'
Hudson Bay Company’s Richard Baker Speaks on Latest Strategic Move
The Canadian retail-real estate group’s mastermind explains why selling the historic Lord & Taylor building to WeWork Property Advisors, combined with an equity investment, will free up the company to continue executing its ‘transformation plan.'
News & Analysis
LVMH's Plan to Turn Historic Paris Grounds into Theme Park
LVMH is to lead a €60 million plan to turn Paris's 157 year-old Jardin d'Acclimatation into one of France's top three amusement parks. LVMH has managed the park since 1984 and holds an 80 percent stake.
LVMH's Plan to Turn Historic Paris Grounds into Theme Park
LVMH is to lead a €60 million plan to turn Paris's 157 year-old Jardin d'Acclimatation into one of France's top three amusement parks. LVMH has managed the park since 1984 and holds an 80 percent stake.
Retail
Retailers Brace for New York Real Estate Apocalypse
In Manhattan’s prime retail districts, tourist traffic is down, rents are high, Trump is looming large and overstoring is about as bad as it is in Middle America. Something has got to give.
Retailers Brace for New York Real Estate Apocalypse
In Manhattan’s prime retail districts, tourist traffic is down, rents are high, Trump is looming large and overstoring is about as bad as it is in Middle America. Something has got to give.
Retail
Kohl's, Macy's Turn Landlords in Bid to Unlock Real Estate Value
The move underscores the pressing need for the two chains to better monetise their real estate assets.
Kohl's, Macy's Turn Landlords in Bid to Unlock Real Estate Value
The move underscores the pressing need for the two chains to better monetise their real estate assets.
Luxury
The End of Holiday Shopping Season As We Know It?
Amidst disruption on New York’s Fifth Avenue, discounting season has come early this year, but more and more sales are no longer a salve for the deeper problems facing retail.
The End of Holiday Shopping Season As We Know It?
Amidst disruption on New York’s Fifth Avenue, discounting season has come early this year, but more and more sales are no longer a salve for the deeper problems facing retail.
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.