Apparel Sourcing Intelligence - Worldwide

Arcadia signs Bangladesh Accord, as pressure continues on UK retailers

The UK’s Arcadia announced on September 12 it had signed the Bangladesh Accord – almost four months to the day after it had announced it would sign “on the condition that we understand the final costs to us, which to date has not been made clear”

Arcadia sources little from Bangladesh: in May it said its spending there on Topshop products was “less than £25,000 to date this year”. It was thought to be worried by reports of contributions of up to $500,000 a year being required.

On September 12, it announced it had received  the estimated annual contribution figure and further details of the Bangladesh Accord proposed programme the previous day and “have therefore signed the Accord”.

Labour activists in the UK had targeted Arcadia, together with Matalan, Edinburgh Woollen Mill (who own Peacocks and Jane Norman), Sports Direct (Republic), Mexx, JD Sports (who own Bench and Bank Fashion), and River Island to join the Accord. After Arcadia’s public agreement, River Island said it agreed with the “principle and intent” of the accord but still had queries to clear up.