UPDATE 3-North American retailers devising own Bangladesh plans
By Jessica Wohl
May 14 (Reuters) - North American retailers on Tuesday discussed forging their own Bangladesh safety agreement, an alternative to a legally binding accord that many European retailers have signed on to, though details of any alternative accord were still unclear.
The discussions on Tuesday were the latest in a series of talks convened by large retail trade organizations and including retailers such as Macy's Inc, JC Penney Co Inc, and Sears Holdings Corp, to develop a response to fatal fires and a factory collapse in Bangladesh last month that killed more than 1,000 people.
The National Retail Federation (NRF), one of the largest U.S. retail trade associations, spoke on Tuesday afternoon with other trade associations and with its member companies about a possible accord among North American retailers. Details from those calls are not yet available.
The trade associations collaborating on a possible North American plan also include the National Retail Federation (NRF), Retail Industry Leaders Association (RILA), American Apparel & Footwear Association (AAFA), United States Association of Importers of Textiles and Apparel (USA-ITA), Retail Council of Canada and Canadian Apparel Federation, according to people familiar with the talks.
Meetings among North American retailers are shaping up as an alternative approach to an accord that European-based retailers have reached. The pact, joined on Tuesday by Loblaw Cos Ltd of Canada, includes legally binding commitments to safety improvements, according to industry sources. A copy of the agreement has not yet been released.
Major European retailers such as Sweden's H & M Hennes & Mauritz AB and Spain's Inditex SA have signed on to the accord. Labor groups including Europe's IndustriALL and UNI Global Union, as well as non-governmental organizations, provided the initial draft of the agreement and have set a May 15 deadline for companies to commit to its terms.
Wal-Mart Stores Inc, the world's largest retailer, said on Tuesday that it is not in a position to sign the accord at this time. Continued...