Burberry Says Second-Half Sales Rise 13 Percent on Online Growth

444 Madison, Burberry Americas Headquarters | Source: Burberry

LONDON, United Kingdom — Burberry Group Plc, the U.K.’s largest luxury-goods maker, reported second-half revenue in line with estimates as digital investments boosted growth, and warned currency moves may hurt profit in the current fiscal year.

…Continue Reading

“10,000” Chinese Workers Join Strike at Factory Making Nike, Adidas, Reebok and New Balance

Source: Shutterstock

HONG KONG, China — Workers at a Chinese factory owned by the world's largest maker of athletic footwear are striking in a dispute over benefits.A worker said more than 10,000 employees at Yue Yuen Industrial's plant in the southern province of Guangdong joined the strike on Tuesday.

…Continue Reading

H&M CEO Warns Rising Bangladeshi Wages May Spook Some Firms

Karl-Johan Persson | Source: Reuters

FRANKFURT, Germany — Hennes & Mauritz (H&M), the world's second-biggest fashion retailer, supports higher wages for textile workers in Bangladesh, its chief executive said, but warned that higher costs could also prompt some companies to go elsewhere.

…Continue Reading