Latest Retail Headlines
All the headlines from our Retail Topic Page, ordered by recency.
Retailers Plan Bangladesh Factory Inspections under Safety Pact
Jul 9 2013 // A group of mainly European retailers has finalized a plan to conduct coordinated inspections of factories in Bangladesh in an attempt to prevent a repeat of the Rana Plaza disaster that killed 1,129 people in April. The...
Man-Made Disasters
Jul 1 2013 // Disasters strike in many forms. Insured disasters often arrive in the wake of natural catastrophes – floods, earthquakes, drought, tornadoes and hurricanes. But disasters are also man-made as in the terrible tragedy that...
Wal-Mart, Gap, Other U.S. Brands Ready $50M Bangladesh Safety Fund: WSJ
Jun 27 2013 // Gap Inc. and Wal-Mart Stores Inc. are among U.S. retailers finalizing an agreement to establish a $50 million, five-year fund to improve safety conditions in Bangladesh garment factories, the Wall Street Journal reported,...
Marsh Cites ‘Lessons Learned’ from Bangladesh Factory Collapse
Jun 25 2013 // A report from Marsh on the recent Rana Plaza factory collapse in Bangladesh that killed more than 1,100 people cites the “serious risks that labor conditions can pose not only to workers, but also to...
Relationships, Expertise Drive Success in Texas E&S Marketplace
Jun 21 2013 // During the past 20 to 30 years typical business dealings between wholesale insurance brokers and retail agents have evolved from being purely transactional experiences to those that are highly dependent upon relationships...
Bangladesh Factory Banned by Wal-Mart Still Makes Wrangler Shirts
May 20 2013 // A Bangladesh factory where Wal-Mart Stores Inc. and Inditex SA inspectors spotted cracks in the wall this month is still making Wrangler shirts for the world’s largest apparel maker, U.S.-based VF Corp. VF confirmed...
U.S., European Retailers Divided on Safety Plan for Bangladesh Factories
May 16 2013 // A trans-Atlantic divide between European and U.S. retailers over how best to respond to fatal disasters in Bangladesh textile factories split wide open on Wednesday, with U.S. retailers claiming their European counterparts...
North American Retailers Devising Own Bangladesh Workplace Safety Plans
May 15 2013 // 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...
EU Considering Action; Pope Comments after Bangladesh Building Disaster
May 2 2013 // The European Union is considering trade action against Bangladesh, which has preferential access to EU markets for its garments, to pressure Dhaka to improve safety standards after a building collapse killed more than 400...
Western Retailers to Compensate Victims of Bangladesh Building Disaster
May 1 2013 // Two Western retailers have promised to compensate families of garment workers killed while making their clothes in a Bangladesh factory building that collapsed last week in the country’s worst industrial...
Wal-Mart to Fund Safety Training in Global Supply Chain
Apr 10 2013 // Wal-Mart Stores Inc., the world’s largest retailer, is making its biggest push yet to try to improve conditions at factories that produce its clothing after a fire at a Bangladesh factory last year killed 112...
Wal-Mart Considers Entering ‘Sharing Economy’ with Customer Delivery Plan
Mar 28 2013 // Wal-Mart Stores Inc. is considering a radical plan to have store customers deliver packages to online buyers, a new twist on speedier delivery services that the company hopes will enable it to better compete with...
Esurance and Walmart Team Up for Auto Insurance Discount Program
Mar 22 2013 // Esurance is launching a pilot program offering auto insurance discounts to customers at select Walmart stores in Illinois. Through the pilot program, drivers may obtain a savings card from Esurance kiosks located in...
The Woodlands Financial Group Has a Focus on Growth
Mar 14 2013 // Richard “Gordy” Bunch, president and CEO of The Woodlands Financial Group, readily concedes that starting a personal lines-focused insurance business in Texas in 2001 – while the state was in the throes of...
The Woodlands Financial Group Has a Focus on Growth
Mar 11 2013 // The Woodlands Financial Group Has a Focus on Growth Richard “Gordy” Bunch, president and CEO of The Woodlands Financial Group, readily concedes that starting a personal lines-focused insurance business in Texas...
Alabama Woman Sues Wal-Mart, Alleges Moldy Mr. Goodbar
Mar 1 2013 // A Huntsville, Alabama woman says in a new lawsuit that she became ill after eating a moldy Mr. Goodbar candy bar that she claims was nine months beyond its expiration date. Al.com reported that Terrica Brown is suing...
California Best Buy Stores Must Pay $875K In Pricing Suit
Feb 25 2013 // A Riverside County judge has ordered Best Buy Stores to pay nearly $900,000 and to institute a special discount program to settle a lawsuit alleging the company charged more than advertised prices at some California...
E&O Insights: Differences Between Standard, Excess & Surplus Markets
Jan 28 2013 // For as long as the insurance industry has been around, the excess and surplus (E&S) lines marketplace has served a vital role in writing difficult-to-place, specialty business for which admitted markets don’t...
Business Moves – Midwest
Jan 28 2013 // Willis North America Willis North America, a unit of global insurance broker Willis Group Holdings, has relocated its Cleveland, Ohio office to 1001 Lakeside Ave., Suite 1600. Willis established a presence in Ohio more...
CFC Launches Liability Cover for Online Retailers
Jan 16 2013 // Specialist lines underwriting agency CFC has launched a new fully combined modular policy designed exclusively for online retailers. The new product, WEB, covers the cyber exposures of online retailers, as well as the more...
