Executive Briefings

U.S. Retailers Promise to Promote Safety at Bangladesh Garment Factories

A group of 17 American retailers, including Wal-Mart Stores Inc., Target Corp. and Macy's Inc., have signed on to a five-year agreement to help improve safety at garment factories in Bangladesh.

U.S. Retailers Promise to Promote Safety at Bangladesh Garment Factories

The accord is separate from a legally binding plan finalized earlier this week by more than 70 mostly European companies such as H&M and Zara owner Inditex. U.S. apparel sellers largely avoided the contract.

Instead, they said Wednesday that their coalition would seek inspections at all member-supported factories in Bangladesh within a year. The group promised transparency for the checkup results.

In the next three months, a set of safety standards will be developed, according to the newly formed alliance. The criterion will be in place by October, it said.

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The accord is separate from a legally binding plan finalized earlier this week by more than 70 mostly European companies such as H&M and Zara owner Inditex. U.S. apparel sellers largely avoided the contract.

Instead, they said Wednesday that their coalition would seek inspections at all member-supported factories in Bangladesh within a year. The group promised transparency for the checkup results.

In the next three months, a set of safety standards will be developed, according to the newly formed alliance. The criterion will be in place by October, it said.

Read Full Article

U.S. Retailers Promise to Promote Safety at Bangladesh Garment Factories