Surfstitch will extend its current trading halt on the ASX, on the back of implications from a $100 million class action and "the high level of uncertainty around the negotiations with the litigation funder."
Movado Group Inc. saw a major drop in sales for the first financial quarter of 2018, from $114.1 million in the same quarter last year to $99.3 million. The New Jersey-based company will put its focus on new products.
South African-based retailer Massmart reported on Thursday a near 2 percent fall in overall same-store sales in the first five months of the current year, as outlets outside its home market underperformed.
The Fair Wear Foundation and ILO Better Work, a flagship program of the UN’s International Labour Organisation, will collaborate to help garment companies ultimately enhance their ability to improve labour conditions.