Horrific Fire Revealed a Gap in Safety for Global Brands
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At a meeting convened in 2011 to boost safety at Bangladesh garment factories, Wal-Mart Stores Inc. (WMT) made a call: paying suppliers more to help them upgrade their manufacturing facilities was too costly.
The comments from a Wal-Mart sourcing director appear in minutes of the meeting, which was attended by more than a dozen retailers including Gap Inc. (GPS), Target Corp. and JC Penney Co. Continue reading “Wal-Mart Nixed Paying Bangladesh Suppliers to Fight Fire”