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Walmart is rolling out a handful of new apparel brands at low prices and will phase out some of its older brands as a result, a source familiar with those plans confirmed to CNBC.

Ghana’s Textile, Garment and Leather Employees Union (TEGLU) has demanded a 50 per cent reduction in prices of utilities to save the sector from collapse. The country’s Public Utility and Regulatory Commission (PURC) is discussing with stakeholders for a possible review of prices of utilities, but it is unclear whether the prices will rise or fall. 

Nineteen per cent of clothing retailers in the United Kingdom currently exhibit early warning signs that they are at the risk of going insolvent, according to accounting and consulting firm Moore Stephens. Out of the 35,078 fashion retailers analysed, 6,580 are showing early signs of financial distress, such as a large fall in revenue or poor payment history. 

The National Retail Federation (NRF) and other groups told US lawmakers recently that any new data breach notification law passed by the Congress should cover all industries that handle consumer data and leave no scope for incidents like last year’s Equifax breach to stay hidden. They want no industry should be allowed to keep its data breaches secret. 

The Bahamian economy loses $2 billion — about 20 per cent of gross domestic product (GDP) — worth business to online shopping and shopping in Florida, according to the Bahamas Federation of Retailers (BFR), which believes the elimination of import duties for apparel, shoes and fashion accessories in The Bahamas would address the situation. 

Eastman has been honoured by the Ethisphere Institute, a global leader in defining and advancing the standards of ethical business practices, as one of the World’s Most Ethical Companies for the fifth consecutive year. The prestigious recognition underscores Eastman’s commitment to leading with the highest ethical business standards and practices.