WASHINGTON — Wal-Mart Stores Inc. upped the ante on Thursday in its drive to revive American manufacturing, revealing the creation of a new manufacturing fund — and apparel and textiles are one of the prime targets.
Bill Simon, chief executive officer and president of Wal-Mart U.S., told a gathering of more than 280 mayors attending the U.S. Conference of Mayors here that the “time is right for a resurgence” in American manufacturing and said the company is creating a $10 million fund to support it.
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)