Bangladesh Waits for Factory Checks Six Months After 1,127 Die

Rana Plaza collapse in Dhaka, Bangladesh | Source: Flickr

DHAKA, Bangladesh — Six months ago, when 1,127 Bangladeshi workers were killed in the collapse of a high-rise warren of garment factories, international outcry led to pledges by western retailers and the government to set up a large-scale inspection regime and a new wage system.

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Gap Says Sales Trends up in July and Second Quarter

GAP Store on Broadway, New York | Source: Shutterstock

SAN FRANCISCO, United States — Gap Inc. said Thursday that its companywide sales trends improved for the month of July and its second quarter as shoppers responded well to its lineup of summer products at its namesake and Old Navy stores.

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T.J. Maxx, Others Look Past Chaos to E-commerce Bonanza

T.J. Maxx store, Ypsilanti, Michigan | Source: Wikimedia

NEW YORK, United States — U.S. low-price retailer T.J. Maxx plans to open an online store this year, as does rival Saks Inc's Off Fifth outlets, making 2013 the year technology may have caught up with the speed of fashion.

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North American Retailers Set 5-Year Bangladesh Factory Plan

Collapsed building in Bangladesh | Source: Associated Press

WASHINGTON DC, United States — Nearly 20 North American retailers including Wal-Mart Stores Inc and Gap Inc unveiled a 5-year safety plan for Bangladesh garment factories on Wednesday that would include inspecting every factory within a year.

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Retailers Plan Bangladesh Factory Inspections Under Safety Pact

Inside a Bangladeshi garment factory | Source: Reuters

ZURICH, Switzerland — A group of mainly European retailers has finalized a plan to conduct coordinated inspections of factories in Bangladesh in an attempt to prevent a repeat of the Rana Plaza disaster that killed 1,129 people in April.

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Gap Falls After Forecasting Profit Less Than Analysts Estimate

SAN FRANCISCO, United States — Gap Inc. fell as much as 5 percent in late trading after the retailer forecast annual profit that was less than analysts estimated. Gap slid 1.6 percent to $40.70 at 4:04 p.m. in New York after dropping as low as $39.31. The San Francisco-based company’s shares had gained 33 percent this year through the close of regular trading today, the best performance for an apparel company in the Standard &

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Gap Willing to Sign Bangladesh Safety Accord, If Tweaked

Gap Spring/Summer 2013 Denim Evolved campaign | Source: Gap

SAN FRANCISCO, United States — Gap Inc's chairman and CEO said on Tuesday the U.S. retailer was ready to sign a global accord designed to prevent another deadly disaster in Bangladesh's garment industry, provided there were some "very minor accommodations."

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