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.
trade
News & Analysis
American Consumers to Bear Brunt of Trump Tariffs
The $50 billion in tariffs that President Trump is expected to unleash on Chinese imports will translate into higher prices in stores across the US.
American Consumers to Bear Brunt of Trump Tariffs
The $50 billion in tariffs that President Trump is expected to unleash on Chinese imports will translate into higher prices in stores across the US.
News & Analysis
US Retailers Urge Trump Against China Tariffs
Wal-Mart, Target Corp and Macy's sent a letter urging Donald Trump not to impose $60 billion in tariffs on Chinese goods ranging from electronics to apparel.
US Retailers Urge Trump Against China Tariffs
Wal-Mart, Target Corp and Macy's sent a letter urging Donald Trump not to impose $60 billion in tariffs on Chinese goods ranging from electronics to apparel.
News & Analysis
US Tells India to Cut Tariffs as Trade Friction Heats Up
India and the United States have built close political ties over the past year. But trade friction is casting a shadow.
US Tells India to Cut Tariffs as Trade Friction Heats Up
India and the United States have built close political ties over the past year. But trade friction is casting a shadow.
News & Analysis
Guess Probed by EU Amid Clampdown on Cross-Border Sales
The European Commission will examine whether Guess is violating EU rules that allow consumers to shop around for a better deal.
Guess Probed by EU Amid Clampdown on Cross-Border Sales
The European Commission will examine whether Guess is violating EU rules that allow consumers to shop around for a better deal.
Retail
US Retailers Urge Trump's New Trade Envoy to Save NAFTA
If the US trade deal changes, apparel trade groups say the industry could be faced with rising costs and another blow to its already-fragile profit margins.
US Retailers Urge Trump's New Trade Envoy to Save NAFTA
If the US trade deal changes, apparel trade groups say the industry could be faced with rising costs and another blow to its already-fragile profit margins.
News & Analysis
Western Shoppers Fuel Revival For Made-in-Asia Goods
Asia's trade rebound is happening amid worries over rising protectionism and a still fragile outlook for the world economy that raises the question: how long can the good times last?
Western Shoppers Fuel Revival For Made-in-Asia Goods
Asia's trade rebound is happening amid worries over rising protectionism and a still fragile outlook for the world economy that raises the question: how long can the good times last?
News & Analysis
Counting on the USA: Fashion, Trump and America's $500 Billion Trade Deficit
Fashion’s three biggest product categories account for over 22 percent of America’s trade deficit. Can anything be done about it?
Counting on the USA: Fashion, Trump and America's $500 Billion Trade Deficit
Fashion’s three biggest product categories account for over 22 percent of America’s trade deficit. Can anything be done about it?
Luxury
Mexico’s Luxury Market Might Actually Benefit From Trump
Wall or no wall, Mexico’s luxury market is thriving with a little unexpected help from the country’s arch nemesis: the President of the United States. But there's still cause for concern.
Mexico’s Luxury Market Might Actually Benefit From Trump
Wall or no wall, Mexico’s luxury market is thriving with a little unexpected help from the country’s arch nemesis: the President of the United States. But there's still cause for concern.
News & Analysis
Triggering Article 50: What Brexit Means for Fashion
Today, Britain pulls the trigger on Article 50, formally initiating its exit from the European Union. What are the implications for fashion?
Triggering Article 50: What Brexit Means for Fashion
Today, Britain pulls the trigger on Article 50, formally initiating its exit from the European Union. What are the implications for fashion?
Retail
China E-Commerce Confusion Catches Australian Retailers on The Hop
Australian online exports to China have become a market susceptible to consumer fickleness, nuanced regulatory changes and the whims of tens of thousands of "daigou" shoppers.
China E-Commerce Confusion Catches Australian Retailers on The Hop
Australian online exports to China have become a market susceptible to consumer fickleness, nuanced regulatory changes and the whims of tens of thousands of "daigou" shoppers.
News & Analysis
The Decline of the Liberal West Poses Major Threat to Fashion
A turn away from the liberalism that has underpinned political and economic policy in the US and Europe for over 50 years has serious consequences for the global fashion industry.
The Decline of the Liberal West Poses Major Threat to Fashion
A turn away from the liberalism that has underpinned political and economic policy in the US and Europe for over 50 years has serious consequences for the global fashion industry.
News & Analysis
Op-Ed | Trump Trade Speculation Adds More Uncertainty to Fragile Industry
Proposed changes to US tax code could spell the end of many fashion businesses, argues Edward Hertzman.
Op-Ed | Trump Trade Speculation Adds More Uncertainty to Fragile Industry
Proposed changes to US tax code could spell the end of many fashion businesses, argues Edward Hertzman.
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.