Indian Retailers Hobble Online as E-Commerce Firms Race Ahead

Snapdeal's fulfilment centre in Mumbai | Source: Reuters

The head of Future Group, one of India’s largest and most established retailers, admits he can’t keep up with web sites like Snapdeal and Flipkart when it comes to spending money to entice shoppers to buy online.

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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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Bangladesh Factory Victims Wait as Compensation Meeting Delayed

Inside a Bangladeshi garment factory | Source: Reuters

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.

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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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Fading department stores, H&M’s new CEO, Falling Garment District rents, Wal-Mart cuts jobs

Saks Fifth Avenue, photo courtesy of daylife.com

The Waning Relevance Of Department Stores (JC Report) “Plagued by layoffs, closures and plummeting sales, the American department store’s fortunes are fading fast.” H&M appoints New CEO (Drapers) H&M, the Swedish fast fashion retailer, has appointed Karl-Johan Persson as its new CEO. Rents Falling in New York’s Garment District (New York Times) Rents in New York’s Garment District are falling,

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Wal-Mart wins, Blass’ swan song, Veggies in skin care, Chanel cuts jobs

Wal-Mart, photo courtesy of

Retail Winners and Losers This Holiday Season (Seeking Alpha) “Wal-Mart is the only real retail winner during the 2008 holiday shopping season, which is presaging more retail bankruptcies in the year ahead,” reports Seeking Alpha. A long swan song for the Blass House (IHT) It was the beginning of the end when Bill Blass sold his eponymous label in 1999. Veggies invading the skin care market (IHT) The supermarket produce

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