Is Wal-Mart Stores Inc. giving Bangladesh a wake-up call?
Just as the retailer’s “zero tolerance” policy for any violation of its global sourcing standards came into effect March 1, there is widespread talk in the fashion industry that the world’s largest retailer has a strategy to gradually wind down its sourcing from Bangladesh by early 2014. Particularly hard hit will be the country’s $11.05 billion innerwear sector, which generated a significant $553.7 million share of the Asian nation’s apparel exports of $4.4 billion to the U.S. in 2012.
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