Some clothing workers in Los Angeles earn as little as $1.58 an hour, Labor Department finds [CBS News]
Stitch Fix, Inc. - Class A (SFIX)
Last stitch fix, inc. - class a earnings: 3/9 04:05 pm
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Source: CBS News
A random sweep of 50 garment manufacturers in Los Angeles found that 80% were breaking wage and hour laws, regulators said. The agency also found that 64% didn't keep accurate time and pay records, while more half either paid workers off the books or falsified or didn't provide such information. More than half the contractors paid workers off the books and either falsified time and pay records or didn't provide them, according to the agency. The contractors made clothing for major national brands including Dillard's, Lulus, Neiman Marcus, Nordstrom, Socialite, Stitch Fix and Von Maur, the Labor Department said. None of the companies responded to requests for comment. About one-third of the apparel makers paid their workers according to how many items they produced, instead of an hourly rate — something California explicitly outlawed more than a year ago. Paying workers a "piece rate" often leads to sub-minimum wages. One contractor paid workers $1.58 per hour, the agency's inve
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News
- Stitch Fix, Inc.'s (NASDAQ:SFIX) Intrinsic Value Is Potentially 99% Above Its Share Price [Yahoo! Finance]Yahoo! Finance
- EXCLUSIVE: Shake-up at Stitch Fix, With Top Merchandising Exec to Depart [Yahoo! Finance]Yahoo! Finance
- Mastering Ecommerce: Consumer-Centric Strategies To Succeed Beyond Brick And Mortar [Forbes]Forbes
- Stitch Fix: Retention Strategies May Prove Costly (Rating Downgrade) [Seeking Alpha]Seeking Alpha
- Stitch Fix (SFIX) Gains on Operational Efficiency, Innovation [Yahoo! Finance]Yahoo! Finance
SFIX
Earnings
- 3/4/24 - Miss
SFIX
Sec Filings
- 4/19/24 - Form 4
- 4/18/24 - Form 144
- 4/4/24 - Form 4
- SFIX's page on the SEC website