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  2. Pillowtex Corporation - Wikipedia

    en.wikipedia.org/wiki/Pillowtex_Corporation

    The UNITE textile workers union issued a statement blaming job layoffs on free-trade legislation, making American companies uncompetitive. [ 8 ] On October 7, 2003, Pillowtex won approval from a bankruptcy court judge to sell company assets, including machinery and brands, to GGST LLC for $128 million.

  3. Unifi Manufacturing - Wikipedia

    en.wikipedia.org/wiki/Unifi_Manufacturing

    By 1996, it operated 20 mills, and that year Fortune listed Unifi as the best American textile company. [1] In the 1990s the American textile industry faced rapidly growing competition from Asian companies' cheaper products. Many American fabric-weaving companies which Unifi sold its yarns to went bankrupt.

  4. Return fraud is costing retailers billions. A new AI program ...

    www.aol.com/news/return-fraud-costing-retailers...

    Total returns for the retail industry came to $743 billion in merchandise in 2023, according to a report released by the National Retail Federation and Appriss Retail. US retailers lost a little ...

  5. AI voice scams are on the rise. Here's how to protect yourself.

    www.aol.com/ai-voice-scams-rise-heres-211554155.html

    Scammers are using AI-powered voice-cloning tools to prey on people. But experts say there's a simple way to protect you and your family.

  6. This Baltimore job hunter avoided an employment scam by ...

    www.aol.com/finance/baltimore-job-hunter-avoided...

    In fact, 32% of employment fraud victims came across the scam job posting on LinkedIn, one of the most popular job search tools. Now one tricky thing is that it is common practice to have to share ...

  7. Fruit of the Loom - Wikipedia

    en.wikipedia.org/wiki/Fruit_of_the_Loom

    In the 1990s, the American textile industry overall experienced widespread downsizing in the wake of North American Free Trade Agreement and General Agreement on Tariffs and Trade. [13] In 1995, Chairman Farley announced that the company would close six plants in the Southeastern United States, and cut back operations at two others. Operations ...

  8. Amoskeag Manufacturing Company - Wikipedia

    en.wikipedia.org/wiki/Amoskeag_Manufacturing_Company

    The Amoskeag Manufacturing Company was a textile manufacturer which founded Manchester, New Hampshire, United States. From modest beginnings it grew throughout the 19th century into the largest cotton textile plant in the world. [1] At its peak, Amoskeag had 17,000 employees and around 30 buildings. [1]

  9. Chinese Textile Giant Shandong Ruyi Sells Lycra to Creditors

    www.aol.com/lifestyle/chinese-textile-giant...

    SHANGHAI — A group of lenders to the debt-laden Shandong-based textile giant Ruyi Group has taken over American textile ... Ruyi purchased Lycra for $2.6 billion from Koch Industries in January ...