Penneys under pressure
The discount retailer is facing pressure from conscientious European shoppers and wage demands from workers in the developing world, writes Samantha McCaughren.
It has developed a reputation for putting fashion on the shelves at bargain prices.
But the collapse of a factory in Bangladesh, with more than 500 people dead, reminded shoppers that Penneys' legendary value comes at a price.
Last week the company, which operates under the Primark grouping, announced a compensation fund for the victims of the factory disaster, saying it would work with local charities to provide aid to those affected.
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