A human rights group tracked 156 cases of alleged worker abuse in Myanmar garment factories at various brands.
Even as more small businesses have popped up across the island, some simply can’t afford what’s on sale.
Lawsuit says Shein has grown rich by repeated copyright infringements in a ‘continuous pattern of racketeering’.
The media promotion by the beer maker led to a backlash of transphobic comments and a boycott by some drinkers.
Despite rising prices consumer spending remained buoyant but high inflation complicates Fed’s interest rate decisions.
Millions of Yeezy brand shoes worth $1.3bn are in storage as their sale was halted when Adidas cut ties with Kanye West.
One of the original big box retailers, it has had years of dismal sales and losses and said it will close all stores.
Sales fell among most retailers adding to other recent evidence that economy is cooling on back of high interest rates.
Signs of strength in consumer spending could potentially elicit ‘more aggressive action’ from the US Fed.
The pullback in consumer spending will likely be welcomed by Fed officials, who are seeking to cool the economy.
The broad drop in sales together with subsiding inflation should lead to a slowdown in the pace of interest rate hikes.
The sixth straight year-over-year slowdown is raising hopes that the worst inflation bout is steadily waning.
While economic activity is slowing amid rising interest rates, it’s not enough to discourage US Fed from more rises.
Drop indicates higher borrowing costs and the threat of an imminent recession were starting to impact spending.