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Published on Wednesday, 02 December 2015

Study says Rana Plaza didn’t damage apparel brands

Written by John Mowbray
Rana Plaza

Image: Khorshed Alam Rinku

MICHIGAN – Research from the US which examined the stock market performance of 39 publicly traded global apparel retailers in the immediate wake of the Rana Plaza disaster found the economic impact on the businesses was "insignificant." The findings suggest apparel brands and retailers have "little economic incentive to move sourcing out of Bangladesh or other low-cost sourcing countries," according to the researchers.