Two US retailers to boost oversight over suppliers

Dollar Tree Inc and Dillard's Inc have agreed to boost oversight to ensure worker safety at their suppliers' factories, and as a result the overseer of New York state's public pension fund said he has withdrawn shareholder proposals on the issue.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 Wal-Mart Stores Inc. More than 1,100 workers died in the factory collapse.
New York state Comptroller Thomas DiNapoli, who oversees the $173 billion New York State Common Retirement Fund, said that as a result of the agreements by Dollar Tree and Dillard's, he has withdrawn shareholder proposals asking both retailers to strengthen oversight of suppliers.