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.
wholesale
Retail
How Digital Brands Make Wholesale Work
For direct-to-consumer labels, third-party retailers can provide a powerful marketing channel, but knowing which stores to work with and how aggressively to push is often challenging. BoF makes sense of the strategy.
How Digital Brands Make Wholesale Work
For direct-to-consumer labels, third-party retailers can provide a powerful marketing channel, but knowing which stores to work with and how aggressively to push is often challenging. BoF makes sense of the strategy.
Retail
Is There Hope for Wholesale?
In the age of access, the wholesale distribution model, which comes with inventory risk and high working-capital requirements, no longer makes a lot of sense.
Is There Hope for Wholesale?
In the age of access, the wholesale distribution model, which comes with inventory risk and high working-capital requirements, no longer makes a lot of sense.
Retail
Six Things to Know About Selling Clothes in a Tough Market
Recently relaunched Alex Mill has enjoyed enough early success to open its first retail store ahead of schedule. But even with the backing of retail guru Mickey Drexler, startup life isn’t always easy.
Six Things to Know About Selling Clothes in a Tough Market
Recently relaunched Alex Mill has enjoyed enough early success to open its first retail store ahead of schedule. But even with the backing of retail guru Mickey Drexler, startup life isn’t always easy.
News & Analysis
Prada Shrinks Wholesalers to Support Full-Price Sales
The Milan-based company plans to end relations with some Italian and European wholesale partners and gradually replace them with new digital players.
Prada Shrinks Wholesalers to Support Full-Price Sales
The Milan-based company plans to end relations with some Italian and European wholesale partners and gradually replace them with new digital players.
Retail
The 5 Most Important Things a Brand Must Do When Building a Direct-to-Consumer Business
Labels that used to be available only at the local mall are changing their distribution models in order to build a direct, and hopefully more profitable, relationship with the consumer. But it's a tricky move to pull off.
The 5 Most Important Things a Brand Must Do When Building a Direct-to-Consumer Business
Labels that used to be available only at the local mall are changing their distribution models in order to build a direct, and hopefully more profitable, relationship with the consumer. But it's a tricky move to pull off.
Retail
Costco Margin Dip Overshadows Sales Beat
The company's shares, which have gained 21.7 percent this year, were down 3.2 percent in extended trading on Thursday.
Costco Margin Dip Overshadows Sales Beat
The company's shares, which have gained 21.7 percent this year, were down 3.2 percent in extended trading on Thursday.
Financial Markets
Ted Baker Revenue Hit by Lower Wholesale Sales
Total retail sales including e-commerce rose by 2.3 percent, however the brand's wholesale sales fell 6.5 percent leading to a slight decline in group revenue.
Ted Baker Revenue Hit by Lower Wholesale Sales
Total retail sales including e-commerce rose by 2.3 percent, however the brand's wholesale sales fell 6.5 percent leading to a slight decline in group revenue.
Financial Markets
What’s Ailing America’s Fashion Darlings?
Once popular American labels are struggling to adapt to a perfect storm of shifting consumer tastes, failing department stores and the rise of direct-to-consumer.
What’s Ailing America’s Fashion Darlings?
Once popular American labels are struggling to adapt to a perfect storm of shifting consumer tastes, failing department stores and the rise of direct-to-consumer.
News & Analysis
Reformation Moves to Wholesale With New Nordstrom Deal
The partnership will bring new customers to Reformation’s regular bi-coastal cohort and expand Nordstrom’s offering of direct-to-consumer brands.
Reformation Moves to Wholesale With New Nordstrom Deal
The partnership will bring new customers to Reformation’s regular bi-coastal cohort and expand Nordstrom’s offering of direct-to-consumer brands.
Financial Markets
Alibaba Snaps Up Stake in Ordre
Ordre, a digital platform for wholesaling fashion, has attracted investment from China’s largest e-commerce platform, which plans to put some of the start-up’s technology to use to sell directly to consumers.
Alibaba Snaps Up Stake in Ordre
Ordre, a digital platform for wholesaling fashion, has attracted investment from China’s largest e-commerce platform, which plans to put some of the start-up’s technology to use to sell directly to consumers.
Retail
Barneys New York Goes International With Boon the Shop
The American department-store chain has signed a wholesale deal to sell its private-label collection internationally through the pioneering South Korean retailer.
Barneys New York Goes International With Boon the Shop
The American department-store chain has signed a wholesale deal to sell its private-label collection internationally through the pioneering South Korean retailer.
Retail
6 Tips for Taking Your Brand Direct-to-Consumer
A slew of wholesale-dependent brands are eager to shift their sales strategies towards direct retail — but it’s not easy.
6 Tips for Taking Your Brand Direct-to-Consumer
A slew of wholesale-dependent brands are eager to shift their sales strategies towards direct retail — but it’s not easy.
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.