U.S. retailers implement safety standards in Bangladesh

The Alliance for Bangladesh Worker Safety works out an agreement to implement a stricter set of standards in Bangladesh in order to improve working conditions at factories in the nation.

The Rana Plaza factory building collapse in which more than a thousand workers died put the issue in focus.

Participating retailers include Costco (COST), Kohl's (KSS), Target (TGT), Nordstrom (JWN), Gap (GPS), and Wal-Mart (WMT).

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