TOKYO — Mike Duke, president and chief executive officer of Wal-Mart Stores Inc., said the world’s largest retailer is stepping up factory inspections and safety measures in Bangladesh.
“We are allowing third-party companies to inspect and approve factories from a structural standpoint,” Duke said Friday, just after giving a speech on integrity and business practices at The Consumer Goods Forum Global Summit here. “We now are trying to redouble the efforts on the areas of auditing, inspecting and training. I will say, though, that we didn’t quickly…you know, jump to a conclusion of abandoning the country. I think in some cases helping markets like Bangladesh to raise the standards is better than abandoning a market like that.”
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)