Roughly 27% of tests
performed on shoes and garments collected by U.S. Customs and
Border Protection in May showed links to cotton from China s
Xinjiang region, which has been banned because of.
Proxy advisory firm
Institutional Shareholder Services recommended on Wednesday that
Nike investors vote for a resolution calling on the
company to disclose more data on pay equity for female.
Major U.S. department stores including Macy's and Nordstrom are flagging delays in store credit card repayments, another risk to revenues as consumers pull back from discretionary spending ahead of the crucial holiday shopping season. Macy's executives disclosed on Tuesday that rising delinquencies cut credit card revenues to $120 million in the second quarter, down $84 million from the previous quarter. While Nordstrom's credit card revenues rose 10% in the first half of this year, company executives said Tuesday that delinquencies are now above pre-pandemic levels and could "result in higher credit losses in the second half and into 2024."
US department stores see higher credit delinquencies amid strained spending streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.
Walmart and Centric Brands are investigating their supply chains in Cambodia over allegations that inmates at the country's largest women's prison were illegally employed to produce garments for export.