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.
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Retail
In Digital Age, Holiday Windows Still Drive Sales
Despite the rising importance of digital touchpoints, brands and retailers are still pouring money into elaborate holiday windows. Why?
In Digital Age, Holiday Windows Still Drive Sales
Despite the rising importance of digital touchpoints, brands and retailers are still pouring money into elaborate holiday windows. Why?
News & Analysis
HBC Looks to Saks Deal to Transform Luxury E-commerce in Canada
"Online retail is going to be a huge business for us,' he said last month. 'Right now many, many products in Canada can only be bought online through
HBC Looks to Saks Deal to Transform Luxury E-commerce in Canada
"Online retail is going to be a huge business for us,' he said last month. 'Right now many, many products in Canada can only be bought online through
News & Analysis
Saks Deal Is About Land as Much as Luxury
" Richard Baker grew up watching his father develop shopping malls. Now, the 47-year-old chief executive of Hudson's Bay Co. is buying the companies
Saks Deal Is About Land as Much as Luxury
" Richard Baker grew up watching his father develop shopping malls. Now, the 47-year-old chief executive of Hudson's Bay Co. is buying the companies
News & Analysis
Lord & Taylor Parent Hudson's Bay Co to Buy Saks for $2.9 Billion in Cash
NEW YORK, United States — Hudson's Bay Co, operator of department store chains Lord & Taylor in the United States and The Bay in Canada, said on
Lord & Taylor Parent Hudson's Bay Co to Buy Saks for $2.9 Billion in Cash
NEW YORK, United States — Hudson's Bay Co, operator of department store chains Lord & Taylor in the United States and The Bay in Canada, said on
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News & Analysis
Bidding War Erupts as Saks Shares Jump in New York
NEW YORK, United States — Saks Inc. rose as much as 19 percent after the New York Post reported Starwood Capital Group LLC had joined bidding for the
Bidding War Erupts as Saks Shares Jump in New York
NEW YORK, United States — Saks Inc. rose as much as 19 percent after the New York Post reported Starwood Capital Group LLC had joined bidding for the
News & Analysis
Why Outlet Stores Are the Hottest Thing in High-End Retail
"High-end department stores are slumming … sort of. At pricey apparel retailers such as Neiman Marcus and Bloomingdales, outlet stores may soon
Why Outlet Stores Are the Hottest Thing in High-End Retail
"High-end department stores are slumming … sort of. At pricey apparel retailers such as Neiman Marcus and Bloomingdales, outlet stores may soon
News & Analysis
Saks, Neiman Marcus Seek Capital, Consider Deals
"Talk about a designer sale. Hudson's Bay, the Canadian owner of Lord & Taylor, is circling Saks Fifth Ave., considering a purchase, Meanwhile,
Saks, Neiman Marcus Seek Capital, Consider Deals
"Talk about a designer sale. Hudson's Bay, the Canadian owner of Lord & Taylor, is circling Saks Fifth Ave., considering a purchase, Meanwhile,
News & Analysis
Shoe Battles: Going Toe-to-Toe in Stilettos
"Shoes are an especially fetishized subject in fashion, but it is only since the late 1990s, not coincidentally at the start of the television series
Shoe Battles: Going Toe-to-Toe in Stilettos
"Shoes are an especially fetishized subject in fashion, but it is only since the late 1990s, not coincidentally at the start of the television series
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News & Analysis
KKR Said to Weigh Push for Saks-Neiman U.S. Retail Merger
"KKR & Co., the private-equity firm run by Henry Kravis and George Roberts, is weighing an investment in Saks Inc. and may seek a merger with rival
KKR Said to Weigh Push for Saks-Neiman U.S. Retail Merger
"KKR & Co., the private-equity firm run by Henry Kravis and George Roberts, is weighing an investment in Saks Inc. and may seek a merger with rival
News & Analysis
Saks First-Quarter Same-Store Sales Beat Estimates
NEW YORK, United States — Saks Inc on Tuesday reported higher-than-expected first-quarter sales but said investments to launch an e-commerce site for
Saks First-Quarter Same-Store Sales Beat Estimates
NEW YORK, United States — Saks Inc on Tuesday reported higher-than-expected first-quarter sales but said investments to launch an e-commerce site for
News & Analysis
Best of British, Quality heritage, Saks beats estimates, Editorial investment, Future of prints
London fashion week showcases the best of British (Guardian) "This week Stella McCartney and Sarah Burton arrived on a catwalk previously ruled by
Best of British, Quality heritage, Saks beats estimates, Editorial investment, Future of prints
London fashion week showcases the best of British (Guardian) "This week Stella McCartney and Sarah Burton arrived on a catwalk previously ruled by
News & Analysis
Evolution of print, Luxury addresses CSR, Saks' online push, Stella to show in London, Abraham Moon's magic mills
Thinking, and Literally Looking, Very Big (IHT) "Of all the performer's covers, this Visionaire production, with its photograph of a slinky,
Evolution of print, Luxury addresses CSR, Saks' online push, Stella to show in London, Abraham Moon's magic mills
Thinking, and Literally Looking, Very Big (IHT) "Of all the performer's covers, this Visionaire production, with its photograph of a slinky,
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.