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.
teenagers
Latest News & Analysis
Marketing
Case Study | Gen-Z Shopping: Separating Myth from Reality
A new generation of consumers is coming of age during a critical, sink-or-swim period for brands and retailers. In our latest case study, BoF puts some of the widely accepted attributes of Gen-Z under the microscope, and interrogates how five industry players — Nike, Brandy Melville, Morphe, Depop and Louis Vuitton — have successfully capitalised on the Gen-Z opportunity.
Case Study | Gen-Z Shopping: Separating Myth from Reality
A new generation of consumers is coming of age during a critical, sink-or-swim period for brands and retailers. In our latest case study, BoF puts some of the widely accepted attributes of Gen-Z under the microscope, and interrogates how five industry players — Nike, Brandy Melville, Morphe, Depop and Louis Vuitton — have successfully capitalised on the Gen-Z opportunity.
Retail
Abercrombie & Fitch Posts First Quarter Loss of $62 Million
The struggling teen retailer reported a loss of nearly $62 million in its first quarter. Earlier this month, it confirmed it was in talks with several parties about a potential deal.
Abercrombie & Fitch Posts First Quarter Loss of $62 Million
The struggling teen retailer reported a loss of nearly $62 million in its first quarter. Earlier this month, it confirmed it was in talks with several parties about a potential deal.
Retail
Britain's Arcadia in Talks Over Topshop's Australian Arm
British retail tycoon Philip Green's Arcadia Group is in preliminary talks to take control of its troubled Australian franchise partner for his Topshop brand.
Britain's Arcadia in Talks Over Topshop's Australian Arm
British retail tycoon Philip Green's Arcadia Group is in preliminary talks to take control of its troubled Australian franchise partner for his Topshop brand.
Retail
Rue21 Files For Chapter 11 Bankruptcy Protection
The retailer, reeling under debt and declining foot traffic, is the latest in a long line of retailers filing for bankruptcy as shoppers shift their spending online.
Rue21 Files For Chapter 11 Bankruptcy Protection
The retailer, reeling under debt and declining foot traffic, is the latest in a long line of retailers filing for bankruptcy as shoppers shift their spending online.
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Technology
Snap CEO Evan Spiegel Dismisses Growth Shortfall
After reporting revenue and user growth that missed estimates, Snap Inc CEO Evan Spiegel spoke as if the quarter was a success deflecting questions and concerns by explaining that people may just not understand the value of his platform yet.
Snap CEO Evan Spiegel Dismisses Growth Shortfall
After reporting revenue and user growth that missed estimates, Snap Inc CEO Evan Spiegel spoke as if the quarter was a success deflecting questions and concerns by explaining that people may just not understand the value of his platform yet.
Retail
Abercrombie & Fitch Confirms Deal Talks With Several Parties
The teen clothing retailer confirmed it was in talks with interested buyers, adding it was in preliminary discussions with several parties about a potential transaction.
Abercrombie & Fitch Confirms Deal Talks With Several Parties
The teen clothing retailer confirmed it was in talks with interested buyers, adding it was in preliminary discussions with several parties about a potential transaction.
Retail
Report: Abercrombie & Fitch Hires Advisers to Field Takeover Approaches
The company's shares are trading at a 17-year low, making it a vulnerable acquisition target, having struggled as its logo-stamped t-shirts and sweaters have lost their fashion appeal.
Report: Abercrombie & Fitch Hires Advisers to Field Takeover Approaches
The company's shares are trading at a 17-year low, making it a vulnerable acquisition target, having struggled as its logo-stamped t-shirts and sweaters have lost their fashion appeal.
Retail
Op-Ed | Teenage Spending Habits Are at Odds With Investors' Retail Wisdom
A report showed that just because teens have jobs, that doesn't mean they want to spend their hard-earned money on clothing and shoes like they once did.
Op-Ed | Teenage Spending Habits Are at Odds With Investors' Retail Wisdom
A report showed that just because teens have jobs, that doesn't mean they want to spend their hard-earned money on clothing and shoes like they once did.
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Retail
Urban Outfitters Misses Fourth Quarter Forecasts
The results missed Wall Street expectations by one cent.
Urban Outfitters Misses Fourth Quarter Forecasts
The results missed Wall Street expectations by one cent.
Retail
Op-Ed | The Case for a Hollister Spinoff From Abercrombie
Maybe it's time to spin off Hollister, which seems to resonate much more with younger teenagers looking for lower price points than what its parent company offers.
Op-Ed | The Case for a Hollister Spinoff From Abercrombie
Maybe it's time to spin off Hollister, which seems to resonate much more with younger teenagers looking for lower price points than what its parent company offers.
Financial Markets
Abercrombie & Fitch Quarterly Sales Miss Estimates, Shares Skid
Abercrombie's net sales fell 6.5 percent to $821.73 million, down for the 15th straight quarter.
Abercrombie & Fitch Quarterly Sales Miss Estimates, Shares Skid
Abercrombie's net sales fell 6.5 percent to $821.73 million, down for the 15th straight quarter.
News & Analysis
Vintage Clothes Priced By Weight Attract Young Shoppers
"Anyone over 35 might look at you blankly if you mention vintage kilo sales, but they are increasingly popular with teenagers and students looking
Vintage Clothes Priced By Weight Attract Young Shoppers
"Anyone over 35 might look at you blankly if you mention vintage kilo sales, but they are increasingly popular with teenagers and students looking
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.