A devastating fire in a clothing factory in Bangladesh has cost more than a thousand lives and counting, all because of suppliers' complete disregard for corporate requirements around building safety and workplace conditions. The implications for major retailers and apparel manufacturers are significant. Companies like PVH , Walt Disney , Sears , Gap , and Wal-Mart are responding in various ways. One thing is certain: This is an important issue for consumers and investors to monitor going forward.
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The article The Terrible Cost of Cheap Clothes originally appeared on Fool.com.
Fool contributor Sara Murphy has no position in any stocks mentioned. Follow her on Twitter @SMurphSmiles. The Motley Fool recommends Walt Disney. The Motley Fool owns shares of Walt Disney. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.