Dive Summary:
- Over thirty international retail brands have not signed the global pact aimed at improving working conditions after the collapse of a Bangladeshi garment maker which killed more than 1,100 workers.
- Only two American companies have signed the pact: Abercrombie & Fitch along with PVH, a parent company of Calvin Klein and Tommy Hilfiger. The National Retail Federation has rejected the contract.
- Among the reasons cited for the lacking of formal commitment from U.S. retail is legally binding terminology with the agreement which some retailers could jeopardize shareholders.
From the article:
Walmart, the Gap, Target, Macy’s, Sears, and J.C. Penney have demurred, some saying the pact might make them legally liable for workplace conditions they can’t control. The National Retail Federation, the nation’s largest retail industry organization, rejected the global pact earlier this month, saying it was working on its own safety program.