TAKING AIM AT WAL-MART: The AFL-CIO is taking on the world’s largest company. The union has declared Thursday a "day of action," in which labor supporters in the 50 states plan to rally at Wal-Mart Stores to demand that it "become a responsible...
TAKING AIM AT WAL-MART: The AFL-CIO is taking on the world’s largest company. The union has declared Thursday a "day of action," in which labor supporters in the 50 states plan to rally at Wal-Mart Stores to demand that it "become a responsible corporate citizen," according to a letter to labor unions signed by AFL-CIO president John Sweeney and United Food & Commercial Workers union president Douglas Dority. Wal-Mart has so far successfully resisted campaigns to unionize any of its more than 1 million workers. "Wal-Mart truly has declared war on American workers and America’s unions," said the letter from Sweeney and Dority. "We must no longer say it is someone else’s fight. It is our fight, too." A spokeswoman for the Bentonville, Ark.,-based retail giant said, "We think it’s unfortunate that these rallies arebeing used to try to discredit our company."
CREDIT DUE: Polo Ralph Lauren Corp. disclosed Monday it is negotiating a new three-year, $300 million line of credit to replace two existing credit lines valued at $325 million. In a Securities and Exchange Commission filing, the company said it expects to sign the new credit agreement — which is subject to increase to $375 million — by the end of the month.
OUTSIDE THE COMFORT ZONE: Nygard International Ltd. has countersued Haggar Clothing Co. and its Jerell Ltd. women’s division in federal court in Los Angeles, alleging that the companies are unlawfully using the Comfort Fit label on men’s and women’s pants. Ken Grondin, Nygard’s chief financial officer, said the suit, filed late Friday, follows an Oct. 31 action brought by Dallas-based Haggar against Nygard. Toronto-based Nygard said it bought the Comfort Fit label in 1995 from Eddie Haggar Ltd., a separate and distinct company from Haggar Clothing Co., and has sold $6 million in Comfort Fit products this year. A Haggar attorney told WWD that the firm doesn’t comment on pending litigation, but Grondin asserted that Haggar began promoting the Comfort Fit name in ads after negotiations between the two firms failed to produce a sale or possible transfer of the label. Nygard is seeking an injunction to prevent Haggar from using the label as well as unspecified damages.
Alberta Ferretti's "Rainbow Week" sweaters are back. The designer closed her #MFW show with a few day-of-the-week sweaters, which first debuted on the catwalk last January as part of the pre-fall 2017 collection. #wwdfashion (📷: @delphineachard)