Dollar Tree, Dillard's agree to boost oversight at supplier factories

Dollar Tree (NASDAQ:DLTR) and Dillard's (NYSE:DDS) have agreed to boost oversight to ensure worker safety at their suppliers' factories. As a result, the overseer of New York state's public pension fund said he has withdrawn shareholder proposals on the issue.

The agreements were announced on Thursday, one year after the collapse of the Rana Plaza garment factory in Bangladesh, which made products for many retailers, including Walmart (NYSE:WMT). More than 1,100 workers died in the factory collapse. Story.