Yue Yuen Industrial Holdings Ltd., a shoe supplier for Nike Inc. and Adidas AG, said more than 1,000 factory workers in a southern Chinese city went on strike yesterday, demanding better social security payments.
Toys “R” Us’s debt ratios returned to levels last seen following its $6.6 billion leveraged buyout in 2005, underscoring heightened concern among investors that the retailer may not be able to recover from its biggest loss in nearly three decades.
After last year’s massive security breaches at Target Corp. and Neiman Marcus Group LLC, data- security professionals urged U.S. retailers to upgrade their credit and debit card technology to reduce fraud.
Wal-Mart Stores Inc., the world’s largest retailer, won’t have to delay issuing proxy materials now that a judge has rebuffed a church’s bid to force the company to let shareholders vote on a proposal to tighten oversight of sales of high-capacity weapons.
Grant Pattison resigned as chief executive officer of South African retailer Massmart Holdings Ltd. after seven years, having overseen the sale of a majority stake in the company to U.S.-based Wal-Mart Stores Inc.
Minutes after tycoon Ratan Tata abandoned a two-year quest to build the world’s cheapest car in West Bengal over farmer protests, he got a text message from the frontrunner to be India’s next leader: “Welcome to Gujarat.”