BEIJING — China is still digesting Wednesday’s announcement from Wal-Mart Stores Inc. that it plans to ramp up environmental and social compliance standards from suppliers here.
Among domestic media, there was a smattering of negative reactions to the news, since Wal-Mart’s move is seen boosting local manufacturers’ costs. Although state-run media agency Xinhua excluded any type of local reaction from its coverage — even touting Wal-Mart’s potential business prospects in the southern city of Chongqing — other media outlets took on a critical tone.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)