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.
stores
Latest News & Analysis
Beauty
Where Grown-Ups Shop for Beauty
In the wake of Sephora tweens, brands and retailers have to win back Millennial and Gen-X shoppers who account for the lion’s share of beauty spend.
Where Grown-Ups Shop for Beauty
In the wake of Sephora tweens, brands and retailers have to win back Millennial and Gen-X shoppers who account for the lion’s share of beauty spend.
Beauty
Glossier’s New Strategy: Fewer Stores, Fewer Products
In his first interview, chief executive Colin Walsh shares with The Business of Beauty his plan to fix the struggling Millennial beauty brand by starting with a clean slate.
Glossier’s New Strategy: Fewer Stores, Fewer Products
In his first interview, chief executive Colin Walsh shares with The Business of Beauty his plan to fix the struggling Millennial beauty brand by starting with a clean slate.
Beauty
For Beauty Brands, What’s a Department Store Worth?
In Full Coverage, Priya Rao looks at the world’s buzziest luxury department stores in Paris.
For Beauty Brands, What’s a Department Store Worth?
In Full Coverage, Priya Rao looks at the world’s buzziest luxury department stores in Paris.
Luxury
Harrods Hasn’t Fully Reckoned With Former Owner’s Abuse, Victims Say
Harrods is still grappling with the dark legacy of former owner Mohamed Al Fayed’s serial sexual abuse, facing ongoing internal investigations, compensation negotiations and calls for greater accountability.
Harrods Hasn’t Fully Reckoned With Former Owner’s Abuse, Victims Say
Harrods is still grappling with the dark legacy of former owner Mohamed Al Fayed’s serial sexual abuse, facing ongoing internal investigations, compensation negotiations and calls for greater accountability.
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Global Markets
The Malls Powering Luxury Sales in India
A handful of malls with prime locations, smart zoning and crowd-pulling anchor brands have emerged as standout properties in the fast-growing Indian market.
The Malls Powering Luxury Sales in India
A handful of malls with prime locations, smart zoning and crowd-pulling anchor brands have emerged as standout properties in the fast-growing Indian market.
Beauty
The Limits of Mecca’s Retail Magic
The Australian beauty retailer dominates its home market even as competitors like Sephora and Amazon get stronger. Where does it grow from here?
The Limits of Mecca’s Retail Magic
The Australian beauty retailer dominates its home market even as competitors like Sephora and Amazon get stronger. Where does it grow from here?
Beauty
Exclusive: Dover Street Parfums Market Partners on Pop-Up Spa
The cult-cool retailer has expanded its beauty selection in recent years, and now debuts its first-ever skincare pop-up in Paris in partnership with the US brand Monastery.
Exclusive: Dover Street Parfums Market Partners on Pop-Up Spa
The cult-cool retailer has expanded its beauty selection in recent years, and now debuts its first-ever skincare pop-up in Paris in partnership with the US brand Monastery.
Global Markets
Luxury Brands Shut Middle East Stores as Conflict Causes Chaos
Escalating conflict in the Middle East is causing major disruption and store closures for high-end and mass-market retailers, threatening a key growth engine for the global luxury industry.
Luxury Brands Shut Middle East Stores as Conflict Causes Chaos
Escalating conflict in the Middle East is causing major disruption and store closures for high-end and mass-market retailers, threatening a key growth engine for the global luxury industry.
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Retail
The New Reality of Shipping to Saks
While $1.75 billion in court-approved funding has brought labels back to the fold, the real test for vendors will come when that temporary safety net vanishes later this year.
The New Reality of Shipping to Saks
While $1.75 billion in court-approved funding has brought labels back to the fold, the real test for vendors will come when that temporary safety net vanishes later this year.
Beauty
Inside Sephora’s Bet on Biotech
Biotech skincare brand Mother Science will debut on Sephora next week as the retailer accelerates its push into lab-developed beauty alongside brands like U Beauty.
Inside Sephora’s Bet on Biotech
Biotech skincare brand Mother Science will debut on Sephora next week as the retailer accelerates its push into lab-developed beauty alongside brands like U Beauty.
Beauty
Exclusive: Amouage Revenue Surged 66% in 2025
The Omani fragrance house charted record sales growth in 2025, driven by its high-concentration ‘Exceptional Extraits’ collection and its global fleet of stores.
Exclusive: Amouage Revenue Surged 66% in 2025
The Omani fragrance house charted record sales growth in 2025, driven by its high-concentration ‘Exceptional Extraits’ collection and its global fleet of stores.
Global Markets
Gen Alpha Is Helping Revive China’s Struggling Malls
Shopping centers grappling with the shift to e-commerce increasingly focus on kids, hoping their parents will tag along.
Gen Alpha Is Helping Revive China’s Struggling Malls
Shopping centers grappling with the shift to e-commerce increasingly focus on kids, hoping their parents will tag along.
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.