STOCKHOLM, Sweden —Hennes & Mauritz, the world's second-biggest fashion retailer, believes there is no conflict between its mission to sell more budget clothes and a drive to improve the environment and working conditions at its suppliers.
MADRID, Spain — The world's largest fashion retailer, Inditex, shows no sign of stalling and investors are betting that its Zara "fast fashion" model has plenty of room to expand in emerging markets by appealing to the growing ranks of brand-conscious middle classes.
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.
In the wake of Rana Plaza, it’s clear that voluntary self-inspection of garment factories by brands and retailers is not enough to avoid terrible human tragedy. Workplace health and safety standards must be set and enforced by the workers themselves, argues Tansy E Hoskins.
GENEVA, Switzerland — Primark, the budget fashion chain owned by Associated British Foods Plc, will pay all victims of the collapsed Rana Plaza factory in Bangladesh more short-term financial aid after talks today with other brands fell short of a more permanent resolution advocated by unions.
LONDON, United Kingdom — A meeting to determine compensation for victims of two factory disasters in Bangladesh was postponed until September after a union official fell ill, workers threatened to strike in Dhaka and European brands balked at attending over the summer.
LONDON, United Kingdom — NewRiver Retail Ltd. invested in a 24th U.K. shopping center, convinced the property will generate reliable income even in hard times, its chief executive officer said. The real-estate owner’s shares are outpacing competitors.
LONDON, United Kingdom — British fashion retailer Primark said on Tuesday it would provide short-term financial assistance to all victims and families affected by the collapse of Rana Plaza last month in Bangladesh while the clothing industry continues to formulate a long-term compensation plan.
In the wake of disasters in Bangladesh garment factories that have claimed hundreds of lives in recent months, shoppers in the West have shown growing concern about worker safety in developing countries. As long as it doesn’t mean an end to bargains.