MarthaHansen posts

Feed

Kudos to Gap for its handling of child labor scandal

The Gap (NYSE: GPS) logoThe child labor scandal that is engulfing The Gap Inc. (NYSE: GPS) is tragic. An investigative reporter in India documented evidence of young children working in abominable conditions to make Gap Kids clothing.

But if there's any silver lining here, it's the sensitive, professional way that Gap has dealt with the controversy. The company admitted it may have unknowingly used child labor, and according to Gap North America President Martha Hansen, "This is completely unacceptable and we do not ever, ever condone any child laborer making our garments. We act swiftly, and quite honestly, I'm very grateful that this was brought to our attention." (emphasis added)

So the company is dealing with a media firestorm resulting from a report put out by an investigative reporter and the company is thanking the reporter. This story had the potential to be a huge problem for Gap but they appear dedicated to fixing it, and the class with which they're handling it should help the company.

Symbol Lookup
IndexesChangePrice
DJIA-89.2312,801.23
NASDAQ-23.352,903.88
S&P 500-9.311,342.64

Last updated: February 11, 2012: 05:09 PM

Hot Stocks

General Electric

18.875-0.255(-1.33)

Alcoa

10.29-0.35(-3.29)

Apple Inc

493.42+0.25(+0.05)

Google Inc 'A'

605.91-5.55(-0.91)

Bank of America

8.07-0.11(-1.34)

Wal-Mart Stores

61.90-0.06(-0.10)

Exxon Mobil Corp

83.80-1.08(-1.27)

Ford

12.44-0.25(-1.97)

Citigroup

32.925-0.735(-2.18)

IBM

192.42-0.71(-0.37)

Yahoo

16.14+0.14(+0.88)

Starbucks

48.82-0.38(-0.77)

Microsoft

30.495-0.275(-0.89)

Home Depot

45.33+0.06(+0.13)

DailyFinance Headlines

AOL Business News

BioHealth Investor Headlines

Sponsored Links

My Portfolios

Track your stocks here!

Find out why more people track their portfolios on AOL Money & Finance then anywhere else.

BloggingStocks Partners

More from AOL Money & Finance

Page Loaded in 1328998189217 ms.