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.
retail / Fast Fashion
Retail
Shein’s Global Ambitions Survive French Store Uproar
Almost two months after its doors opened, efforts to resist the fast-fashion retailer in France are falling flat.
Shein’s Global Ambitions Survive French Store Uproar
Almost two months after its doors opened, efforts to resist the fast-fashion retailer in France are falling flat.
Retail
Billionaire Zara Heir Stakes Family Fortune on Going Upmarket
Inditex’s flagship brand is trying to elevate its image and capture new growth in a market where Shein and Temu are luring young, budget-conscious shoppers.
Billionaire Zara Heir Stakes Family Fortune on Going Upmarket
Inditex’s flagship brand is trying to elevate its image and capture new growth in a market where Shein and Temu are luring young, budget-conscious shoppers.
Retail
Shein’s First Physical Shop Adds to Department Stores’ Existential Pain
The ultra-fast fashion retailer’s shop in Paris’ BHV poses a new threat to the already struggling department-store model.
Shein’s First Physical Shop Adds to Department Stores’ Existential Pain
The ultra-fast fashion retailer’s shop in Paris’ BHV poses a new threat to the already struggling department-store model.
Retail
Inside Shein’s Fast-Fashion Fight in France
The online fashion giant is facing strong opposition in France from lawmakers, retailers and regulators who criticise its low-cost model and alleged unfair advantages.
Inside Shein’s Fast-Fashion Fight in France
The online fashion giant is facing strong opposition in France from lawmakers, retailers and regulators who criticise its low-cost model and alleged unfair advantages.
ADVERTISEMENT
Retail
‘A Paroxysm of Disposability’: France’s Distaste for Shein’s Ultra-Fast Fashion
A Change.org petition to ban Shein in France has surpassed 270,000 signatures.
‘A Paroxysm of Disposability’: France’s Distaste for Shein’s Ultra-Fast Fashion
A Change.org petition to ban Shein in France has surpassed 270,000 signatures.
Retail
Zara’s Cut-Price Sister Brand Lefties to Rival Primark on UK High Street
Zara owner Inditex SA is planning to launch its ultra-low-cost chain Lefties in the UK in 2026, posing a significant competitive threat to Primark, the current market leader.
Zara’s Cut-Price Sister Brand Lefties to Rival Primark on UK High Street
Zara owner Inditex SA is planning to launch its ultra-low-cost chain Lefties in the UK in 2026, posing a significant competitive threat to Primark, the current market leader.
Retail
Shein Opens Its Supply Network to Fashion Brands to Boost Growth
Other fashion brands can now tap on the fast-fashion retailer’s supply chain, which includes factories that can turn around new designs in 5-7 days, as long as they open a store on its online marketplace.
Shein Opens Its Supply Network to Fashion Brands to Boost Growth
Other fashion brands can now tap on the fast-fashion retailer’s supply chain, which includes factories that can turn around new designs in 5-7 days, as long as they open a store on its online marketplace.
Retail
Fast Fashion’s Quick Decline: Asos and Boohoo Have That Post-Covid Feeling
New regulatory demands and the rise of the secondhand marketplace have hobbled fast fashion’s heavyweights.
Fast Fashion’s Quick Decline: Asos and Boohoo Have That Post-Covid Feeling
New regulatory demands and the rise of the secondhand marketplace have hobbled fast fashion’s heavyweights.
ADVERTISEMENT
Retail
China’s Temu and Shein Want to Crack Europe, But the US Is Too Big to Quit
Facing potential US tariffs, Chinese e-commerce platforms like Temu and Shein are increasing their focus on European markets, though merchants remain largely committed to the US due to its scale and lower regulatory hurdles.
China’s Temu and Shein Want to Crack Europe, But the US Is Too Big to Quit
Facing potential US tariffs, Chinese e-commerce platforms like Temu and Shein are increasing their focus on European markets, though merchants remain largely committed to the US due to its scale and lower regulatory hurdles.
Professional
Target Cuts Sales Forecast on Shopper Pullback, Tariff Hit
The retailer now expects net sales to decline by a low single digit this year, down from previous guidance for an increase of about 1 percent.
Target Cuts Sales Forecast on Shopper Pullback, Tariff Hit
The retailer now expects net sales to decline by a low single digit this year, down from previous guidance for an increase of about 1 percent.
Retail
Shein to Set up Huge Vietnam Warehouse in US Tariff Hedge, Reuters Reports
The fast-fashion e-tailer is leasing its first warehouse in Vietnam, in hopes of reducing exposure to unpredictable US-China trade tensions.
Shein to Set up Huge Vietnam Warehouse in US Tariff Hedge, Reuters Reports
The fast-fashion e-tailer is leasing its first warehouse in Vietnam, in hopes of reducing exposure to unpredictable US-China trade tensions.
Retail
Is This the End of Cheap Stuff in America?
As US sales of Shein and Temu plummet, some sustainability advocates make the case for an unlikely win in the movement toward conscious consumption under President Donald Trump’s protectionist trade policies.
Is This the End of Cheap Stuff in America?
As US sales of Shein and Temu plummet, some sustainability advocates make the case for an unlikely win in the movement toward conscious consumption under President Donald Trump’s protectionist trade policies.
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.