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.
singles-day
Financial Markets
Alibaba Posts $1 Billion in Sales in 5 Minutes on Singles’ Day
Global retail e-commerce is expected to grow by 24 percent to $1.91 trillion in transactions this year.
Alibaba Posts $1 Billion in Sales in 5 Minutes on Singles’ Day
Global retail e-commerce is expected to grow by 24 percent to $1.91 trillion in transactions this year.
China
Alibaba Promises Catwalks and Katy Perry for Singles' Day
Chinese e-commerce giant Alibaba Group Holding Ltd has started the countdown to its annual shopping festival Singles' Day.
Alibaba Promises Catwalks and Katy Perry for Singles' Day
Chinese e-commerce giant Alibaba Group Holding Ltd has started the countdown to its annual shopping festival Singles' Day.
Retail
Black Friday or Not, We Can Still Shop Like Crazy
Black Friday may be getting tired, but buying stuff that's on sale probably isn't.
Black Friday or Not, We Can Still Shop Like Crazy
Black Friday may be getting tired, but buying stuff that's on sale probably isn't.
Financial Markets
Alibaba Singles’ Day Draws Record Sales Amid Economic Concerns
Alibaba Group Holding Ltd. flexed its e-commerce muscle by logging a record 91.2 billion yuan ($14.3 billion) in sales during its Singles’ Day promotion.
Alibaba Singles’ Day Draws Record Sales Amid Economic Concerns
Alibaba Group Holding Ltd. flexed its e-commerce muscle by logging a record 91.2 billion yuan ($14.3 billion) in sales during its Singles’ Day promotion.
Financial Markets
Alibaba Says Singles' Day Sales Surpass Last Year's $9.3 Billion Total
Alibaba Group Holdings Ltd said on Wednesday the value of merchandise it has sold so far during the Singles' Day online shopping extravaganza had surpassed last year's total of $9.3 billion.
Alibaba Says Singles' Day Sales Surpass Last Year's $9.3 Billion Total
Alibaba Group Holdings Ltd said on Wednesday the value of merchandise it has sold so far during the Singles' Day online shopping extravaganza had surpassed last year's total of $9.3 billion.
Global Markets
What 'Hot Deal' Means on Singles Day in China
China’s economy is struggling, and come Wednesday the country’s lonely hearts will do their best to put it back on track.
What 'Hot Deal' Means on Singles Day in China
China’s economy is struggling, and come Wednesday the country’s lonely hearts will do their best to put it back on track.
China
China's Couriers Don't Want to Be Alone on Singles Day
On China's giant Singles Day internet shopping festival, the country's delivery firms are stretched so thin that they are looking for tie-ups, listings and new investors to husband their resources.
China's Couriers Don't Want to Be Alone on Singles Day
On China's giant Singles Day internet shopping festival, the country's delivery firms are stretched so thin that they are looking for tie-ups, listings and new investors to husband their resources.
China
The China Edit | Singles' Day, Luxury Brands Suing Alibaba, New Look Expansion
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 | Singles' Day, Luxury Brands Suing Alibaba, New Look Expansion
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.
China
Why Alibaba Is Having Singles’ Day in Beijing for First Time
Shifting from its Hangzhou home to Beijing shows Alibaba’s ambitions to maintain growth, penetrate the northern region where rival JD.com Inc. is based, and answer the government’s call for “national champions” in technology.
Why Alibaba Is Having Singles’ Day in Beijing for First Time
Shifting from its Hangzhou home to Beijing shows Alibaba’s ambitions to maintain growth, penetrate the northern region where rival JD.com Inc. is based, and answer the government’s call for “national champions” in technology.
News & Analysis
Macy’s Joins Singles’ Day Debutantes in Chinese Buying Spree
China’s shoppers will have even more online bargains to choose from when Macy’s Inc. add to the foreign retailers bolstering Wednesday’s Singles’ Day offerings.
Macy’s Joins Singles’ Day Debutantes in Chinese Buying Spree
China’s shoppers will have even more online bargains to choose from when Macy’s Inc. add to the foreign retailers bolstering Wednesday’s Singles’ Day offerings.
Global Markets
Why Singles' Day in China Is Bigger Than Cyber Monday
Singles' Day started in China in the 1990s as an obscure holiday but has snowballed into a consumer phenomenon, thanks largely to Alibaba Group Holding Ltd.
Why Singles' Day in China Is Bigger Than Cyber Monday
Singles' Day started in China in the 1990s as an obscure holiday but has snowballed into a consumer phenomenon, thanks largely to Alibaba Group Holding Ltd.
China
JD.com Says Alibaba Pressuring Merchants Before Singles’ Day
The biggest rival to Alibaba Group Holding Ltd. in Chinese e-commerce is accusing the technology giant of violating market regulations and hampering competition in the run-up to the nation’s largest online sales promotion.
JD.com Says Alibaba Pressuring Merchants Before Singles’ Day
The biggest rival to Alibaba Group Holding Ltd. in Chinese e-commerce is accusing the technology giant of violating market regulations and hampering competition in the run-up to the nation’s largest online sales promotion.
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.