‘Sweatshops:' Some California garment workers being paid as little as $1.58 per hour, survey finds [USA TODAY]
Stitch Fix, Inc. - Class A (SFIX)
Last stitch fix, inc. - class a earnings: 3/9 04:05 pm
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Source: USA TODAY
The Department of Labor's Wage and Hour Division released its 2022 Southern California Garment Survey, based on data from 50 garment contractors and manufacturers. “Despite our efforts to hold Southern California's garment industry employers accountable, we continue to see people who make clothes sold by some of the nation's leading retailers working in sweatshops,” Wage and Hour Regional Administrator Ruben Rosalez said in a news release “Many people shopping for clothes in stores and online are likely unaware that the ‘Made in the USA' merchandise they're buying was, in fact, made by people earning far less than the U.S. law require,” he added. Here's what you need to know. What did officials find? Officials said they found that 80% of contractors were in violation of one or more parts of the Fair Labor Standards Act, which establishes factors such as minimum wages, overtime pay, employment standards for minors and more. More than 50% of the time, officials alleged that
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SFIX
News
- 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
- Stitch Fix Cuts Over 2,000 Employees And Replaces Them With ChatGPT, Giving Them Option For Part-Time Or To Leave [Yahoo! Finance]Yahoo! Finance
- Fashion Workwear Brand Argent Helps Women In Every Field Drop-Kick The Glass Ceiling [Forbes]Forbes
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