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Gap willing to sign Bangladesh safety accord, if tweaked

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."A series of incidents at factories has focused attention on safety standards in Bangladesh's booming garment industry while creating a trans-Altantic divide between U.S. and European retailers over ways to resolve these issues.Some U.S. retailers, including the owner of the Gap, Banana Republic and Old Navy chains, had said they would not join the European pact without changes to the way conflicts are resolved in the courts.IndustriALL, a union organization based in Europe which helped create the pact, had said the agreement could not be amended to address concerns of U.S. companies.Speaking at the company's annual general meeting on Tuesday, Gap Inc CEO Glenn Murphy said the company was still in discussions over the agreement proposed by European labor groups. Un...

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  6. Wal-Mart Sets Its Own Bangladesh Safety Initiatives

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  7. As Bangladesh Toll Rises, Government Eyes Garment-Worker Rights

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  8. S&P Lifts Gap Into Investment Grade

    Standard & Poor's Ratings Services has boosted its credit rating on Gap Inc. (GPS) by one notch into investment-grade territory, saying it expects the retailer to be...

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  10. Weather Continued to Pressure Retailers' Sales in April

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  12. Several retailers miss estimates as shoppers frugal

    A number of top U.S. retailers reported disappointing April sales on Thursday as consumers gravitated toward discount chains and bad weather delayed spring shopping ...

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