Mike Duke, president and chief executive officer of Wal-Mart Stores Inc., for the first time on Tuesday night addressed the fire at a garment factory in Bangladesh that killed 111 workers, defending his company’s enforcement of fire-safety standards, while at the same time acknowledging that more work needs to be done.
Duke spoke at the Council on Foreign Relations in New York in a broad discussion ranging from Wal-Mart’s sourcing and corporate social responsibility standards and challenges to the fiscal cliff talks in Washington, to the government’s investigation into bribery allegations at Wal-Mart’s Mexican subsidiary. RELATED STORY: Wal-Mart Lobbying in Spotlight in India >>
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)