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.
tariff
Retail
Inside Gap’s Last-Ditch, Tariff-Addled Turnaround Push
The iconic ’90s retailer was on the precipice of death for years. Richard Dickson finally had momentum for a comeback — then came Trump.
Inside Gap’s Last-Ditch, Tariff-Addled Turnaround Push
The iconic ’90s retailer was on the precipice of death for years. Richard Dickson finally had momentum for a comeback — then came Trump.
Retail
Surprise! Why Apparel Prices Are Actually Falling
The latest US inflation data, covering the weeks after the Trump administration’s tariffs kicked in, shows prices for clothing declined at their fastest pace in years. Consumers shouldn’t get complacent though — many experts say sticker shock is still coming.
Surprise! Why Apparel Prices Are Actually Falling
The latest US inflation data, covering the weeks after the Trump administration’s tariffs kicked in, shows prices for clothing declined at their fastest pace in years. Consumers shouldn’t get complacent though — many experts say sticker shock is still coming.
Retail
This Week: Are Tariff Price Hikes Finally Here?
US inflation data will offer a first read on the impact of Trump’s trade policy. Plus, The Business of Beauty Global Forum 2025.
This Week: Are Tariff Price Hikes Finally Here?
US inflation data will offer a first read on the impact of Trump’s trade policy. Plus, The Business of Beauty Global Forum 2025.
Global Markets
Trump Tariffs Get Personal for the Harris Tweed Makers of the Hebrides
Donald Trump’s tariffs are threatening the livelihoods of Harris Tweed weavers in the Outer Hebrides, posing a threat to the centuries-old craft and the economic stability of the island communities.
Trump Tariffs Get Personal for the Harris Tweed Makers of the Hebrides
Donald Trump’s tariffs are threatening the livelihoods of Harris Tweed weavers in the Outer Hebrides, posing a threat to the centuries-old craft and the economic stability of the island communities.
Beauty
Korean Beauty Start-Ups Bet Booming US Demand Outlasts Tariff Pain
South Korean cosmetic start-ups like Beauty of Joseon, Torriden and d’Alba are in talks with major US retailers to expand their brick-and-mortar presences in the world’s biggest consumer market.
Korean Beauty Start-Ups Bet Booming US Demand Outlasts Tariff Pain
South Korean cosmetic start-ups like Beauty of Joseon, Torriden and d’Alba are in talks with major US retailers to expand their brick-and-mortar presences in the world’s biggest consumer market.
Retail
Why Tariffs Haven’t Led to Soaring Prices – Yet
Fashion brands will eventually need to offset higher costs for imports. But after raising prices again and again since the pandemic, some retailers are more worried about alienating shoppers than how they’ll pay their customs duties.
Why Tariffs Haven’t Led to Soaring Prices – Yet
Fashion brands will eventually need to offset higher costs for imports. But after raising prices again and again since the pandemic, some retailers are more worried about alienating shoppers than how they’ll pay their customs duties.
Global Markets
Worldview | Vietnam’s Crackdown on Counterfeit Luxury Goods
This week’s round-up of global markets fashion business news also features Indian cosmetics giant Nykaa, overseas Chinese shoppers and Jumia’s push to counter Temu in Nigeria.
Worldview | Vietnam’s Crackdown on Counterfeit Luxury Goods
This week’s round-up of global markets fashion business news also features Indian cosmetics giant Nykaa, overseas Chinese shoppers and Jumia’s push to counter Temu in Nigeria.
Retail
Why Brands Are Still Betting on the US
Tariffs have slowed, but haven’t stopped a wave of American expansion. Here’s why some are choosing to stick around.
Why Brands Are Still Betting on the US
Tariffs have slowed, but haven’t stopped a wave of American expansion. Here’s why some are choosing to stick around.
Global Markets
What’s Next for Trump’s Trade War After Court Blocks Tariffs
The ruling may not be a permanent setback for Trump’s push to reshape global trade. The administration may disregard the trade court’s decision, as judges have no ability to take action against a US president, who has broad immunity for official actions.
What’s Next for Trump’s Trade War After Court Blocks Tariffs
The ruling may not be a permanent setback for Trump’s push to reshape global trade. The administration may disregard the trade court’s decision, as judges have no ability to take action against a US president, who has broad immunity for official actions.
Retail
Retailers Pummelled by Trump’s Trade War Entertain More ‘Take-Private’ Offers
Hit hard by President Trump’s trade war and volatile markets, some publicly traded retailers are increasingly considering offers to sell to private equity.
Retailers Pummelled by Trump’s Trade War Entertain More ‘Take-Private’ Offers
Hit hard by President Trump’s trade war and volatile markets, some publicly traded retailers are increasingly considering offers to sell to private equity.
Luxury
Trump Tariffs Hit European Luxury, Shares Tank
LVMH and Hermès stock fell about 3 percent and 4 percent respectively, in line with sector peers including Kering, Prada and Burberry, after the US president announced a 50 percent duty on imports from the European Union.
Trump Tariffs Hit European Luxury, Shares Tank
LVMH and Hermès stock fell about 3 percent and 4 percent respectively, in line with sector peers including Kering, Prada and Burberry, after the US president announced a 50 percent duty on imports from the European Union.
Retail
This Week: Liberation Day’s Long Tail
As more retailers report earnings, the industry is hoping more countries follow China in reaching agreements to lower tariffs.
This Week: Liberation Day’s Long Tail
As more retailers report earnings, the industry is hoping more countries follow China in reaching agreements to lower tariffs.
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.