EXCLUSIVE Walmart arm did not deliberately remove Xinjiang goods, China exec tells analysts
Walmart Inc (WMT.N) arm Sam’s Club, responding to the furore in China over what local media said was its deliberate removal of Xinjiang-sourced products from its app, denied the move in a call with analysts and termed it “a misunderstanding”.
EXCLUSIVE Retailers and unions extend legally binding worker safety accord in Bangladesh – sources
Major global retailers have agreed to extend for a further two years a legal agreement with garment workers and factory owners in Bangladesh that subjects retailers to legal action if their factories fail to meet labour safety standards, according to a copy of the agreement seen by Reuters on Wednesday.
Analysis: Chinese flock to home-grown brands in golden opportunity for investors
He Shuang, a student at a U.S. university stranded in her home city of Chongqing in southwest China during the pandemic, has added more than 300 domestic brands to her list of favourites on Alibaba’s (9988.HK) Taobao online mall.
H&M’s sales surge as restrictions ease, still below pre-pandemic levels
H&M’s (HMb.ST) sales jumped from March to May compared to a year earlier as pandemic restrictions eased in many markets and online demand stayed strong but revenue was still well below 2019 levels.
