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.
wages
Latest News & Analysis
Retail
Target Increases Hourly Wage to $15
The big box retailer said the new hourly rates, effective July 5, will be accompanied with bonuses, paid leave and other benefits.
Target Increases Hourly Wage to $15
The big box retailer said the new hourly rates, effective July 5, will be accompanied with bonuses, paid leave and other benefits.
Sustainability
Is Your Fashion Brand Ethical?
More and more brands are claiming that the clothes they sell have a positive social impact. Here are four essential steps toward making that statement true.
Is Your Fashion Brand Ethical?
More and more brands are claiming that the clothes they sell have a positive social impact. Here are four essential steps toward making that statement true.
News & Analysis
Burberry Dodges Shareholder Defeat in Vote on Executive Pay
Burberry fended off a shareholder revolt over executive pay at Marco Gobbetti’s first annual meeting as CEO, overcoming objections from some investors and advisory groups.
Burberry Dodges Shareholder Defeat in Vote on Executive Pay
Burberry fended off a shareholder revolt over executive pay at Marco Gobbetti’s first annual meeting as CEO, overcoming objections from some investors and advisory groups.
News & Analysis
Op-Ed | Burberry's New Fashion Directive: Get On Trend With Pay
The company may face a backlash from shareholders at its annual general meeting on Thursday over awards to chief creative director Christopher Bailey, and new finance director Julie Brown.
Op-Ed | Burberry's New Fashion Directive: Get On Trend With Pay
The company may face a backlash from shareholders at its annual general meeting on Thursday over awards to chief creative director Christopher Bailey, and new finance director Julie Brown.
ADVERTISEMENT
News & Analysis
Walmart E-Commerce CEO Gets $244 Million After Jet Deal
The compensation puts Marc Lore well ahead of his boss, Walmart CEO Doug McMillon, and vaults him into the ranks of America’s top-paid executives.
Walmart E-Commerce CEO Gets $244 Million After Jet Deal
The compensation puts Marc Lore well ahead of his boss, Walmart CEO Doug McMillon, and vaults him into the ranks of America’s top-paid executives.
Beauty
Social Goods | Maybelline Appoints First Male Ambassador, Bangladeshi Garment Workers Protest
This week, Maybelline named Youtube star Manny Gutierrez its first male ambassador, and garment workers protest world's lowest minimum wage in Bangladesh.
Social Goods | Maybelline Appoints First Male Ambassador, Bangladeshi Garment Workers Protest
This week, Maybelline named Youtube star Manny Gutierrez its first male ambassador, and garment workers protest world's lowest minimum wage in Bangladesh.
News & Analysis
Social Goods | Model Price Fixing, British Vogue's 'Real' Issue, Asos Working Conditions
This week, France has fined 35 modelling agencies for price fixing, and UK MPs are to investigate working conditions at Asos.
Social Goods | Model Price Fixing, British Vogue's 'Real' Issue, Asos Working Conditions
This week, France has fined 35 modelling agencies for price fixing, and UK MPs are to investigate working conditions at Asos.
Sustainability
New Documentary Calls for 'Dignified Life' for Asian Garment Workers
A new documentary records the first hand accounts of garment workers and their daily struggles in the face of poor pay, excessive overtime, unsafe working conditions and widespread sexual harassment.
New Documentary Calls for 'Dignified Life' for Asian Garment Workers
A new documentary records the first hand accounts of garment workers and their daily struggles in the face of poor pay, excessive overtime, unsafe working conditions and widespread sexual harassment.
ADVERTISEMENT
Sustainability
Social Goods | Protecting Female Workers, Primark on Sustainability, Cotton Recovery
Social Goods is a weekly roundup of the most important news at the intersection of fashion and ethics, sustainability and corporate social responsibility.
Social Goods | Protecting Female Workers, Primark on Sustainability, Cotton Recovery
Social Goods is a weekly roundup of the most important news at the intersection of fashion and ethics, sustainability and corporate social responsibility.
Financial Markets
Wal-Mart to Give Pay Raises to Most of Its Workers
Most of Wal-Mart's US employees will get raises as part of the world's largest retailer's previously announced commitment to invest in its workforce.
Wal-Mart to Give Pay Raises to Most of Its Workers
Most of Wal-Mart's US employees will get raises as part of the world's largest retailer's previously announced commitment to invest in its workforce.
News & Analysis
Would You Buy Clothes Made in Prison?
Companies, social enterprises and fashion schools are working with prisons to make clothing. But is it possible — and ethical — to build a fashion business behind bars?
Would You Buy Clothes Made in Prison?
Companies, social enterprises and fashion schools are working with prisons to make clothing. But is it possible — and ethical — to build a fashion business behind bars?
News & Analysis
Urban Outfitters to End On-Call Shifts for New York Employees
Apparel retailer Urban Outfitters Inc has agreed to end on-call shifts for employees at all its New York stores.
Urban Outfitters to End On-Call Shifts for New York Employees
Apparel retailer Urban Outfitters Inc has agreed to end on-call shifts for employees at all its New York stores.
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.