Wal-Mart, Sears won't compensate Bangladesh fire victims, Bloomberg reports

theflyonthewall.com

Wal-Mart (WMT) and Sears Holdings (SHLD) have declined to join Li & Fung Ltd. and other firms in voluntarily compensating victims of a fire last November at a Bangladesh garment factory that killed 112 workers and increased pressure on Wal-Mart Stores Inc. and other Western retailers to help improve factory conditions and take more direct responsibility for their suppliers, reports Bloomberg.

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